Company: GDSTR
Filing Date: 2025-07-18
Form Type: S-4/A
Source: 0001213900-25-065671
Chunk: 315

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-07-18
Form: S-4/A
Chunk 315
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 the Binomial model were (i) risk- free interest rate of 0.75%, (ii) volatility of 12.96%, (iii) expected life of 1year, and (iv) 85% probability of business combination. According to the Black -Scholesoption -pricingmodel, the fair value of the 57,500Representative Shares was approximately $ 441,025or $ 7.67per share, and were recorded as offering costs during the three months ended March 31, 2022. The Company also sold to Maxim, for $ 100, a Unit Purchase Option (“UPO”) to purchase 270,250Units exercisable at $ 11.00per Unit, for an aggregate exercise price of $ 2,972,750, commencing on the later of the first anniversary of the effective date of the registration statement related to the Initial Public Offering and the consummation of a Business Combination. The UPO may be exercised for cash or on a cashless basis, at the holder’s option, and expires five years from the effective date of the registration statement related to the Initial Public Offering. The Units issuable upon exercise of the option are identical to those offered in the Initial Public Offering. The Company accounted for the unit purchase option, inclusive of the receipt of the $ 100cash payment and the fair value of $ 208,093, or $ 7.67per Unit, as a cost of the Initial Public Offering resulting in a charge directly to stockholders’ equity. The fair value of the UPO granted to Maxim was estimated as of the date of grant using the following assumptions: (1) expected volatility of 12.96%, (2) risk -freeinterest rate of 1.61%, (3) expected life of 5years and (4) 85% probability of successful combination. Transaction costs amounted to $ 4,331,021, consisting of $ 1,150,000of underwriting discounts and commissions, $ 2,012,500of deferred underwriting discounts and commissions, $ 519,403of other offering costs, $ 441,025fair value of the 57,500representative shares and $ 208,093fair value of the UPO, and were considered as part of the transaction costs and were recognized during the three months ended March 31, 2022. Following the closing of the Initial Public Offering and the issuance and the sale of Private Units on March 21