Company: GDSTR
Filing Date: 2025-01-30
Form Type: S-4
Source: 0001213900-25-008051
Chunk: 302

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-01-30
Form: S-4
Chunk 302
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 of issuance (or from the date that it becomes probable that the instrument will become redeemable, if later) to the earliest redemption date of the instrument or to recognize changes in the redemption value immediately as they occur and adjust the carrying amount of the instrument to equal the redemption value at the end of each reporting period. The Company has elected to recognize the changes over the period from the date of issuance to the earliest redemption date of the instrument of twelve months. The accretion or remeasurement is treated as a deemed dividend (i.e., a reduction to retained earnings, or in absence of retained earnings, additional paid-in capital).

| Common stock subject to possible redemption, March 31, 2022 |     | $ | 48,269,081 |   |
| Plus:                                                       |     |   |            |   |
| Accretion of carrying value to redemption value             |     |   | 11,275,688 |   |
| Common stock subject to possible redemption, March 31, 2023 |     |   | 59,544,769 |   |
| Redemption of common stock                                  |     |   | (8,157,801 | ) |
| Plus:                                                       |     |   |            |   |
| Accretion of carrying value to redemption value             |     |   |  4,039,650 |   |
| Common stock subject to possible redemption, March 31, 2024 |     | $ | 55,426,618 |   |

F-18 GOLDENSTONE ACQUISITION LIMITED
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS NOTE 5 — PRIVATE PLACEMENT Simultaneously with the closing of the Initial Public Offering, the Company completed the private sale of 351,250units (the “Private Units”) to the Sponsor, Ray Chen, our former Chief Financial Officer, and Yongsheng Liu, our former Chief Operating Officer, each through their respective affiliated entities. Each Private Unit consists of oneshare of common stock, onewarrant (“Private Warrant”) and oneright (each, a “Private Right”). Each Private Warrant entitles the holder to purchase one -halfof one share of common stock at an exercise price of $ 11.50per whole share. Each Private Right entitles the holder to receive one -tenthof oneshare of common stock at the closing of a Business Combination. The Private Units were sold at a purchase price of $ 10.00