Company: GDSTR
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001213900-25-112608
Chunk: 153

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-11-19
Form: 10-Q
Item: Item 2
Chunk 153
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 of investment held in Trust Account amounting to $200,000.

28

For the six months September 30, 2024, there was
$38,375,986 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 $731,641, offset by the
purchase of investment held in Trust Account amounting to $400,000.

For the six months ended September 30, 2025, there
was $13,185,111 of cash used in financing activities resulting from the redemption of common stock of $13,510,111 offset by the proceeds
from working capital and extension loans from our Sponsor amounting to $325,000.

For the six months ended September 30, 2024, there
was $37,334,345 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 $130,000, offset by the proceeds from working capital and extension loans from our Sponsor
amounting to $840,000.

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 Offering to consummate an initial Business Combination. However, if we anticipate that we   may not be able to
consummate our initial Business Combination within 12 months, we may extend the period of time to consummate a Business Combination up
to three times, each by an additional three months (for a total of