Company: GDSTR
Filing Date: 2025-06-16
Form Type: 10-K
Source: 0001213900-25-054825
Chunk: 767

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-06-16
Form: 10-K
Item: Item 5
Chunk 767
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 remain subject
to examination by any applicable tax authorities.

Net
Income (Loss) per Share

The
Company complies with accounting and disclosure requirements of FASB ASC 260, Earnings Per Share. In order to determine the net income
(loss) attributable to both the redeemable shares and non-redeemable shares, the Company first considered the undistributed income (loss)
allocable to both the redeemable Common Stock and non-redeemable Common Stock and the undistributed income (loss) is calculated using
the total net income (loss) less any dividends paid. The Company then allocated the undistributed income (loss) ratably based on the
weighted average number of shares outstanding between the redeemable and non-redeemable Common Stock. Any remeasurement of the accretion
to redemption value of the Common Stock subject to possible redemption was considered to be dividends paid to the public stockholders.
For the years ended March 31, 2025 and 2024, the Company has not considered the effect of a) the Public and Private Warrants sold in
the Initial Public Offering to purchase an aggregate of 6,101,250 shares, b) the Public and Private Rights that will automatically convert
into an aggregate of 610,125 shares upon consummation of its initial Business Combination, c) the Unit Purchase Option (“UPO”)
to purchase up to 270,250 Units, which include option to purchase 270,250 shares, option to purchase an aggregate of 270,250
shares from the exercise of warrants, and 27,025 shares automatically converted from the 270,250 rights upon consummation of its initial
Business Combination, and d) up to 232,500 Private Units upon optional conversion of the Working Capital and Extension Loans, in the
calculation of diluted net income (loss) per share, since the exercise of the Public and Private Warrants, the effect of the Public and
Private Rights, the exercise of the UPO, and the conversion of the Working Capital and Extension Loans are contingent upon the occurrence
of future events and the inclusion of these financial securities would be anti-dilutive. The Company did not have any other dilutive
securities and other contracts that could, potentially, be exercised or converted into Common Stock and then share in the earnings of
the Company. As a result, diluted income (loss) per share is the same as basic (income) loss per share for the periods presented