SCHEDULE 13G: TD Securities (USA) LLC Reports 5.1% Beneficial Ownership in Goldenstone Acquisition Ltd. Following Merger

TD Securities (USA) LLC has reported a 5.1% beneficial ownership stake in Goldenstone Acquisition Ltd. as of December 31, 2024, following its merger with Cowen and Company, LLC.

Summary

• TD Securities (USA) LLC (TDS) has filed a Schedule 13G, reporting beneficial ownership of 175,227 shares of Goldenstone Acquisition Ltd. Common Stock, par value $0.0001 per share.
• This ownership represents 5.1% of the total class of securities.
• TDS holds sole voting power and sole dispositive power over these 175,227 shares.
• The shares were previously owned by Cowen and Company, LLC (Cowen), and TDS became the successor in interest to Cowen by merger, effective December 9, 2024.
• The filing is jointly made by TDS, Cowen, Toronto Dominion Holdings USA Inc (TDH), TD Group US Holdings LLC (TD GUS), and Toronto Dominion Bank (TD Bank), with TDH, TD GUS, and TD Bank being parent entities of TDS.
• The reporting persons certify that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Goldenstone Acquisition Ltd.

Sentiment

Score: 5

Explanation: Neutral. This is a routine regulatory filing disclosing beneficial ownership following a corporate merger, with no direct positive or negative operational or financial implications for the issuer.

Future Outlook

NA

Management Comments

• Each reporting person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) of the US Securities Exchange Act of 1934 or any other purpose, (i) acting (or has agreed or is agreeing to act together with any other person) as a partnership, limited partnership, syndicate or other group for the purpose of acquiring, holding or disposing of securities of the Issuer or otherwise with respect to the Issuer or any securities of the Issuer or (ii) a member of any group with respect to the Issuer or any securities of the Issuer.
• By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11.

Industry Context

This filing reflects a change in beneficial ownership within Goldenstone Acquisition Ltd. due to a corporate merger within the financial services industry, specifically TD Securities (USA) LLC becoming the successor in interest to Cowen and Company, LLC. It indicates a consolidation of assets under the broader Toronto Dominion Bank umbrella.

Stakeholder Impact

• Shareholders: The disclosure of a 5.1% beneficial ownership by a major financial institution like TD Securities (USA) LLC may indicate increased institutional interest or confidence in Goldenstone Acquisition Ltd.

Key Dates

Keywords

Goldenstone Acquisition Ltd., TD Securities (USA) LLC, Cowen and Company, LLC, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Investment, Merger, Financial Services