Company: GDSTR
Filing Date: 2025-08-05
Form Type: S-4/A
Source: 0001213900-25-071731
Chunk: 375

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-08-05
Form: S-4/A
Chunk 375
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ITY INCENTIVE PLAN (cont.) The fair value of the options refers to the fair value of the ordinary shares as of the equity valuation dates, and the exercise price is determined according to each share option agreement. The risk -freeinterest rate is based on the rates available at the time of the grant for zero -couponU.S. government issues with a remaining term equal to the option’s expected life, and the average life of an option is based on both historical and projected exercise and lapsing data. Expected volatility is based on implied volatilities from historical volatilities of comparable companies. Dividend yield is based on the option’s exercise price and annual dividend rate at the time of grant, which is zero. As of March31, 2025, the Company had 1,457,500 unvested shares with an unrecognized stock -basedcompensation of $1,294,456, related to unvested stock option awards, which is expected to be recognized over an estimated weighted -averageperiod of 2.1 years. NOTE 14 — STOCKHOLDERS’ EQUITY (DEFICIT) Common stock As of March 31, 2025, per an amendment and restatement of the Certificate of Incorporation, the Company is authorized to issue an aggregate of 145,000,000 shares of common stock; the authorized capital is divided into: (i) 120,000,000 shares of Class A common stock having a par value of $0.0001 per share to be issued to investors and (ii) 25,000,000 shares of Class B common stock having a par value of $0.0001 to be issued in connection with the Plan. The Company has not issued any preferred shares. In January 2024, in exchange for the conversion of debt of $710,000 (including interest payable of $110,000), the Company issued 881,209 common shares at a fair value of $0.8057 per share for a total value of $710,000 to a related party debt holder. In January 2024, in exchange for the conversion of debt of $500,000, the Company issued 620,570 common shares at a fair value of $0.8057 per share for a total value of $500,000 to a related party debt holder. Warrants On January 15, 2025 (the “Issue Date”), the Company issued a warrant (the “Warrant”) to purchase up to 34,