Goldenstone Acquisition Limited
GDST
Other OTC12.50
USD
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Goldenstone Acquisition Limited
GDST
(Other OTC)
Recent
price
12.50
P/E
ratio
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div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Goldenstone Acquisition Limited is a blank check company whose sole business is to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. Incorporated in 2020 and headquartered in Aurora, Illinois, the company currently conducts no significant operations and maintains its trust account with approximately $5.33 million as of September 30, 2025, following substantial shareholder redemptions. It operates in the shell companies segment of the financials sector, targeting high-potential businesses without geographic restrictions other than prior commitments to avoid certain China-based entities. The company's activities center on identifying merger targets, managing trust assets invested in U.S. Treasury securities, and securing extensions for its initial business combination deadline, which stockholders extended up to June 21, 2026 through monthly $50,000 sponsor deposits. It holds redeemable public shares of 442,996 outstanding and reports a working capital deficit of $5.29 million alongside an excise tax liability of $600,958 from prior redemptions. Recent SEC filings reflect ongoing operational costs leading to a net loss of $415,416 for the six months ended September 30, 2025. In 2022, Goldenstone announced but mutually terminated a definitive merger with Roxe Holding Inc, a blockchain payments firm valued at $3.6 billion pro forma; in June 2024, it entered a business combination agreement with Infintium Fuel Cell Systems, Inc valuing Infintium at a $130 million pre-money enterprise value, with plans to rebrand as Infintium Fuel Cell Systems Holdings, Inc and list on Nasdaq, but Infintium terminated the deal on October 1, 2025. Stockholders approved a 12-month deadline extension at a June 18, 2025 special meeting amid $13.7 million in redemptions reducing the public float; W.R. Berkley Corporation reported 7.4% beneficial ownership in September 2025. Management, led by CEO Eddie Ni, expresses substantial doubt about going concern status pending a new combination.
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