Company: GDSTR
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-014248
Chunk: 116

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-02-14
Form: 10-Q
Item: Item 8
Chunk 116
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332,714 of cash provided by investing activities resulting from the withdrawal of an investment held in the Trust
Account for payment to redeeming stockholders of $38,044,345, the withdrawal of an investment held in the Trust Account amounting to
$838,369, offset by the purchase of investment held in Trust Account amounting to $550,000.

For the nine months ended December 31, 2023, there
was $7,720,910 of cash provided by investing activities resulting from the withdrawal of an investment held in the Trust Account for payment
to redeeming stockholders of $8,157,801, the withdrawal of an investment held in the Trust Account amounting to $538,109, offset by the
purchase of investment held in Trust Account amounting to $975,000.

For the nine months ended December 31, 2024, there
was $37,079,345 of cash used in financing activities resulting from the redemption of common stock of $38,044,345 and repayments of working
capital loans from our Sponsor amounting to $230,000, offset by the proceeds from working capital and extension loans from our Sponsor
amounting to $1,195,000.

For the nine months ended December 31, 2023, there
was $7,009,801 of cash used in financing activities resulting from the redemption of common stock of $8,157,801, offset by the proceeds
from working capital and extension loans from our Sponsor amounting to $1,148,000.

In addition, in order to finance transaction costs in connection with
searching for a target business or consummating an intended initial business combination, the initial stockholders, officers, directors
or their affiliates may, but are not obligated to, loan us funds as may be required. In the event that the initial business combination
does not close, we may use a portion of the working capital held outside the Trust Account to repay such loaned amounts, but no proceeds
from our Trust Account would be used for such repayment. Such loans would be evidenced by promissory notes. The notes would either be
paid upon consummation of our initial business combination, without interest, or, at the lender’s discretion, up to $600,000 of
the notes may be converted upon consummation of our business combination into private units at a price of $10.00 per unit.

We had until 12 months from the closing of the Initial Public