Company: GDSTR
Filing Date: 2025-08-20
Form Type: 10-Q
Source: 0001213900-25-078650
Chunk: 120

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-08-20
Form: 10-Q
Item: Item 8
Chunk 120
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 $4,937,384, net of $13,893,689 payables due
to redeeming stockholders to be paid out from the Trust Account, as compared to $4,217,347 at March 31, 2025. The change in liquidity
is attributable to cash used in operating activities of $185,468, cash used in investing activities of $150,000, and partially offset  
by cash provided by financing activities of $325,000.

For
the three months ended June 30, 2025, there was $185,468 of cash used in operating activities resulting from interest income earned on
investment held in Trust Account amounting to $194,873, net loss of $235,827, and non-cash deferred tax benefit of $400, and partially
offset   by the decrease in prepaid expenses of $2,500, the
decrease in prepaid income taxes of $38,677, the decrease in prepaid franchise taxes of $12,600, and the increase in accrued expenses
of $191,855.

For
the three months ended June 30, 2024, there was $199,667 of cash used in operating activities resulting from interest income earned on
investment held in Trust Account amounting to $693,260, and non-cash deferred tax benefit of $6,750, and partially offset  
by net income of $22,595, the decrease in prepaid expenses of $20,250, the increase
in accrued expenses of $295,446, the increase in income tax payable of $149,752, and the increase in franchise tax payable of $12,300.

For
the three months ended June 30, 2025, cash used in investing activities was $150,000, primarily due to the purchase of investments held
  in the Trust Account and the source of the funds was from
extension loans made by the Sponsor to cover extension deposits. There were no withdrawals from the Trust Account during the period.

28

For the three months ended June 30, 2024, there was $38,447,855 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 $653,510 was to pay estimate income
taxes, offset by the purchase of investment held in Trust Account amounting to $250