Company: GDSTR
Filing Date: 2025-05-14
Form Type: S-4/A
Source: 0001213900-25-043297
Chunk: 320

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-05-14
Form: S-4/A
Chunk 320
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 that have not yet been issued or made available for issuance. ASU 2023-09 should be applied on a prospective basis, but retrospective application is permitted. The Company is currently evaluating the potential impact of adopting this new guidance on the Company’s consolidated financial statements and related disclosures.

Management does not believe that any other recently issued, but not effective, accounting standards, if currently adopted, would have a material effect on the Company’s consolidated financial statements.

F-17

GOLDENSTONE ACQUISITION LIMITED
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 3 — CASH AND INVESTMENTS HELD IN TRUST ACCOUNT

As of March 31, 2024 and 2023, assets held in the Trust Account were comprised of $ and $, respectively, in cash and money market funds which are invested in U.S. Treasury Securities.

The following table presents information about the Company’s assets that are measured at fair value on a recurring basis at March 31, 2024 and 2023 and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

|                                                            | Description |   | Level |   |  March 31, 
       2024 |     |   |  March 31, 
       2023 |
|:-----------------------------------------------------------|:------------|--:|:------|:--|-----------:|:----|:--|-----------:|
| Assets:                                                    |             |   |       |   |            |     |   |            |
| Trust Account – Cash                                       |             | 1 |       | $ |          — |     | $ |    575,000 |
| Trust Account – U.S. Treasury Securities Money Market Fund |             | 1 |       |   | 55,495,253 |     |   | 59,581,291 |
| Total                                                      |             |   |       | $ | 55,495,253 |     | $ | 60,156,291 |

NOTE 4 — INITIAL PUBLIC OFFERING

On March 21, 2022, the Company closed its Initial Public Offering of units, which includes the full exercise of the underwriters’ over-allotment option. The units were sold at a price of $ per unit, resulting in total gross proceeds of $. Each unit consists of share of common stock, redeemable warrant and right to receive -tenth (1/10) of one share of common stock. Each redeemable