Menu
Compare

Deal announced · 26 Jun 2024GDSTU · NasdaqCIK 1858007Sponsor at IPO: Goldenstone Holding, LLC

Goldenstone Acquisition Ltd.

Now Chi Special Acquisition Corp. · Name history

$58.4MTrust raised at IPO · 0% of public shares left after its last counted vote

  1. IPO16 Mar 2022
  2. Searching12 months
  3. Deal announced26 Jun 2024
  4. Closed—

Tavia Read What stands out, from the filings · snapshot 14

  1. 01

    Smaller than 98% of 2022’s SPAC IPOs.

    $57.5M raised, against a median of $115M for the 83 SPACs that priced in 2022.

  2. 02

    $10.15 in trust per unit, below the 2022 median.

    The median that year was $10.20. Above $10.00, the sponsor tops up the trust from its own private placement.

  3. 03

    100% of public shares redeemed across 4 votes.

    4 extension votes, counted from the SPAC’s 8-Ks. 0% of the public shares remained after the last one.

Worked out from checked figures in snapshot 14 · no forecasts or advice

Key terms

Other 2022 SPAC IPOs →
IPO priced
16 Mar 2022
IPO closed
21 Mar 2022
Raised
$57.5M1
Units sold
5,750,0002
Trust raised
$58.4M3
Trust per unit
$10.154
Unit
1 sh + 1 warrant + 1 right (1/10)5
Months to complete
126
Deadline before extensions
21 Mar 2023
Over-allotment
Exercised in full

Each unit: “one share of common stock, one redeemable warrant, and one right to receive one-tenth (1/10) of one share of common stock”

Name history

The same company under every name it has filed with the SEC, tracked by its CIK, 1858007. This page keeps its IPO name; the others lead here.

  1. Goldenstone Acquisition Ltd.At IPO6 May 2021 – 27 Mar 2026
  2. Chi Special Acquisition Corp.Now27 Mar 2026 – today

Dates are those EDGAR records for each name, as of 16 October 2026. A name change follows a shareholder vote or a merger’s closing, and is reported in an 8-K.

How it compares

Goldenstone Acquisition Ltd. against the 83 SPACs that priced in 2022.

Raised
$57.5M
95% of 2022 SPACs are above it
2022 median: $115M
Trust per unit
$10.15
57% of 2022 SPACs are above it
2022 median: $10.20
Months to complete
12
33% of 2022 SPACs match it
2022 median: 15
Redeemed across its votes
100%
79% of 2022 SPACs are below it
2022 median: 98%

Trust and redemptions

  1. Extension vote · 21 Sept 2023758,539 of 5,750,000 redeemed (13%)
  2. Extension vote · 18 Jun 20243,395,590 of 4,991,461 redeemed (68%)
  3. Extension vote · 18 Jun 20251,152,875 of 1,595,871 redeemed (72%)
  4. Extension vote · 17 Mar 2026422,840 of 442,996 redeemed (95%)

Public shares before each vote and the shares redeemed, as its 8-Ks (or the next 10-Q or 10-K) state them. Only votes whose redemptions were paid count.

Firms named in the prospectus

Bookrunners

Company counsel

Underwriters’ counsel

Sponsor

No other SPAC from Goldenstone Holding, LLC or a vehicle of the same name priced since 1 January 2019.

Peers

Other 2022 SPAC IPOs with Maxim Group LLC as bookrunner.

SPACIPORaisedUnitStatus
TenX Keane Acquisition13 Oct 2022$66M1 sh + 1 right (2/10)Completed
SPAC II Acquisition Corp.2 May 2022$200M1 sh + ½ warrant + 1 right (1/10)Searching
ClimateRock27 Apr 2022$78.8M1 sh + ½ warrant + 1 right (1/2)Deal announced
Aurora Technology Acquisition Corp.7 Feb 2022$202M1 sh + 1 warrant + 1 right (1/10)Completed
Blue World Acquisition Corp31 Jan 2022$92M1 sh + ½ warrant + 1 right (1/10)Completed

Sources

  1. PFinal prospectus: 0001213900-22-013585
  2. 1Gross proceeds: 0001213900-22-014170The Units were sold at a price of $10.00 per Unit, generating gross proceeds to the Company of $57,500,000.
  3. 2Units sold: 0001213900-22-014170consummated its initial public offering (the “IPO”) of 5,750,000 units (the “Units”) which included the full exercise by the underwriter of its over-allotment option
  4. 3Trust raised: 0001213900-22-014170As of March 21, 2022, a total of $58,362,500 of the net proceeds from the IPO and the Private Placement (as defined below) (which amount includes $2,012,500 of the underwriter’s deferred discount) were deposited in a trust account
  5. 4Trust per unit: 0001213900-22-013585Upon consummation of the offering, $10.15 per unit sold to the public in this offering (whether or not the over-allotment option has been exercised in full or part) will be deposited into a trust account
  6. 5Unit composition: 0001213900-22-013585Each unit that we are offering has a price of $10.00 and consists of one share of common stock, one redeemable warrant, and one right to receive one-tenth (1/10) of one share of common stock
  7. 6Months to complete: 0001213900-22-013585If we are unable to complete our initial business combination within 12 months (or up to 21 months if we extend the period of time to consummate a business combination by the full amount of time,

Each quote is found word for word in the filing it cites. Where a figure here differs from the filing, the filing prevails.

How the figures are compiled
  • Which IPOs. Every final IPO prospectus (Form 424B4 or 424B1, or a 424B3 when it is the first prospectus filed on an S-1 or F-1 registration within 10 days of it going effective) filed on SEC EDGAR from the history start, by a registrant whose SIC code was 6770 (blank checks) on the filing date. Offerings that are not exchange-listed SPAC IPOs are excluded when the prospectus is read. The window starts on 1 January 2021.
  • Dated by. The date of the final prospectus.
  • Raised. Units sold to the public, including over-allotment units, times the unit price, as stated in the SPAC's 8-K reports after the IPO.
  • Trust. The trust held for public shareholders after the IPO and any over-allotment: trust per unit times public units, as stated in the SPAC's filings. Cash deposited in trust and then moved out as working capital is not counted.
  • Bookrunners. Firms the prospectus names as book-running managers; where it names none, the firm it names as sole underwriter or representative of the underwriters. Only the prospectus's own wording counts, not later 8-K reports. Each IPO's gross proceeds are split equally among its bookrunners.
  • Counsel and auditors. Issuer counsel and underwriters' counsel as named in the prospectus's Legal Matters section; the auditor as named in its Experts section. Each is credited with the IPO's full gross proceeds.
  • Unit structure. What one unit consists of, as the prospectus states it: a share with warrants, with rights, with both, or a share alone (shares-only offerings sell no units). Warrants per unit is the fraction of a warrant in each unit; rights are measured as the fraction of a share they convert into per unit.
  • Trust per unit. Dollars placed in the trust account for each unit sold to the public, as the prospectus states it.
  • Time to complete. Months from the IPO closing that the SPAC has to complete its business combination before any extension, as the prospectus states it.
  • Over-allotment. Whether the underwriters bought all, part or none of the over-allotment option, comparing units sold with the base offering and the option.
  • Votes. Shareholder votes to extend a SPAC's deadline or to approve its business combination, as reported in its 8-Ks (Item 5.07), for the SPACs in the IPO statistics only: SPACs that priced before the history start are not included, so votes in the first years under-represent the market. Only redemptions actually paid count: votes on a proposal that failed, or an extension that was approved but never took effect, are left out (redemption requests lapse with them), and a merger vote counts only when the deal closed, and only the last merger vote before the closing, since merger redemptions are paid at closing. Liquidation votes are left out too, as every public share is redeemed by definition.
  • Redemption rate. Public shares redeemed at a vote over public shares outstanding just before it. Shares redeemed are as an 8-K, or failing that the next 10-Q or 10-K, states them. Shares before are as a filing states them, or redeemed plus the shares left after, or carried from the IPO's public shares and earlier votes. The median is the typical vote; the weighted rate divides all shares redeemed by all shares before, the share of public money that left the trusts. A vote counts only when each of these figures is verified or accepted. Votes whose redemption count no filing states, after a search of the SPAC's and the combined company's filings, are counted as not disclosed rather than estimated.
  • Outcomes. Where each SPAC stands as of the snapshot: completed (business combination closed), liquidated (trust returned and redeemed), deal pending (agreement signed, not closed) or searching (no agreement in force). Grouped by the year the SPAC priced its IPO. Awaiting review means its status is still being checked.
  • Closings. Completed business combinations by year of closing. The sector is the SEC's industry code (SIC) of the combined company, grouped into broad sectors; months from IPO run from the prospectus date to the closing.
  • Checking. A SPAC counts only when every required figure is verified (quote found verbatim in the filing and all cross-checks pass) or accepted by a named reviewer.
  • Coverage. 1,077 of the 1,089 SPAC IPOs read are counted; 12 wait on a figure still under review and 11 filings were excluded as not exchange-listed SPAC IPOs.

Compiled from SEC filings with the assistance of AI · figures as of 3 November 2026

For information only. These figures are compiled from SEC filings with the assistance of AI. Although they are checked against those filings, they may contain errors or omissions and have not been audited; where they differ from the filings, the filings prevail. They are not an offer to sell, a solicitation of an offer to buy, or a recommendation of any security. Information about any SPAC is qualified in its entirety by its filings with the SEC, available at www.sec.gov.