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Goldenstone Acquisition held a Special Meeting of Stockholders on June 18, 2025, where shareholders approved two key proposals:
- Extension of business combination deadline by up to 12 monthly periods from June 21, 2025 to June 21, 2026
- Amendment to Trust Agreement requiring $50,000 monthly deposit for each extension period
Key outcomes include:
- 81.38% of shareholders (2,801,036 shares) participated in the meeting
- 1,152,875 shares were redeemed at approximately $11.90 per share, totaling $13.7M
- Trust account balance reduced to $5.27M after redemptions
- Public float decreased to 442,996 shares outstanding
- Company deposited initial $50,000 to extend deadline to July 21, 2025
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