Company: GDSTR
Filing Date: 2025-06-16
Form Type: 10-K
Source: 0001213900-25-054825
Chunk: 1947

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-06-16
Form: 10-K
Item: Item 8
Chunk 1947
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 date of the financial statements, which management considered in formulating
its estimate, could change in the near term due to one or more future confirming events. Accordingly, Actual results may differ from
these estimates.

Cash

The
Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents.
The Company did not have any cash equivalents as of March 31, 2025 and 2024.

Dividend
receivable 

Dividend
receivable represents Trust earnings from the last month of the reporting period that are not added to the balance of the Trust Account
until the next month.

F-12

Investments
Held in Trust Account

As
of March 31, 2025 and 2024, $18,666,931 and $55,495,253, respectively, of the assets held in the Trust Account were held in money market
funds, which are invested in U.S. Treasury securities.

The
Company classifies its U.S. Treasury and equivalent securities as trading securities in accordance with ASC Topic 320 “Investments
— Debt Securities.” Trading securities are presented on the balance sheets at fair value at the end of each reporting period.
Gains and losses resulting from the change in fair value of these securities is included in gain on Investments Held in Trust Account
in the accompanying statement of operations. The estimated fair values of investments held in the Trust Account are determined using
available market information.

Rights

The
Company accounts for rights as either equity-classified or liability-classified instruments based on an assessment of the rights’
specific terms and applicable authoritative guidance in Financial Accounting Standards Board (“FASB”) ASC 480 “Distinguishing
Liabilities from Equity” (“ASC 480”) and ASC 815, Derivatives and Hedging (“ASC 815”). The assessment considers
whether the rights are freestanding financial instruments pursuant to ASC 480, whether they meet the definition of a liability pursuant
to ASC 480, and whether the rights meet all of the requirements for equity classification under ASC 815, including whether the rights
are indexed to the Company’s own common stock and whether the rights holders could potentially require “net cash settlement”
in a circumstance outside of the Company’s control, among other conditions for equity classification. This assessment, which requires
the use of professional judgment, is conducted at the time of rights issuance and as of each subsequent quarterly period end date while
the rights are outstanding. The Company accounted