Company: GDSTR
Filing Date: 2025-07-18
Form Type: S-4/A
Source: 0001213900-25-065671
Chunk: 329

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-07-18
Form: S-4/A
Chunk 329
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 possible redemption in accordance with the guidance in ASC 480. Common stock subject to mandatory redemption is classified as a liability instrument and is measured at fair value. Conditionally redeemable common stock (including common stock that feature redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within the Company’s control) is classified as temporary equity. At all other times, common stock is classified as stockholders’ equity. The Company’s common stock features certain redemption rights that are considered to be outside of the Company’s control and subject to occurrence of uncertain future events. Accordingly, common stock subject to possible redemption is presented at redemption value as temporary equity, outside of the stockholders’ equity section of the Company’s balance sheet. The Company has made a policy election in accordance with ASC 480 -10-S99-3Aand recognizes changes in redemption value in additional paid -incapital (or accumulated deficit in the absence of additional paid -incapital) over an expected 12 -monthperiod leading up to a Business Combination. As discussed in Note 1, in connection with the votes to approve the Company’s Amended and Restated Certificate of Incorporation, 3,395,590shares and 758,539of Common Stock of the Company were tendered for redemption resulting in $ 38,030,691and $ 8,157,801paid from the Trust Account to redeeming stockholders in June 2024 and October 2023, respectively. In June 2024, the Company distributed additional $ 13,653from the Trust Account in connection with the 758,539shares of Common Stock of the Company that were tendered for redemption in October 2023. As a result of the redemptions, as of March 31, 2025 and 2024, the Company has 1,595,871and 4,991,461shares, respectively, of common stock subject to possible redemption at the redemption amount that were presented at redemption value as temporary equity, outside of the stockholders’ (deficit) equity section of the Company’s balance sheet that are subject to redemption. See Note 4 for further details. F-15 GOLDENSTONE ACQUISITION LIMITED
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
MARCH 31, 2025 NOTE 2 — SIGNIFICANT ACCOUNTING POLICIES (cont.) Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit