Goldenstone Acquisition Limited announced that it has entered into a definitive agreement for a private placement and it has issued unsecured promissory note for gross proceeds of $550,000 on June 14, 2023. The transaction included participation from returning lender, Goldenstone Holding, LLC. The note have a principal amount of $550,000.

The note is not convertible, and the note does not bear interest. Pursuant to the note, the lender agreed to loan to the company an aggregate amount of $550,000, payable promptly upon the earlier to occur of either the closing of the company’s initial business combination, or December 31, 2023.