Company: GDSTR
Filing Date: 2025-05-14
Form Type: S-4/A
Source: 0001213900-25-043297
Chunk: 319

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-05-14
Form: S-4/A
Chunk 319
---
   |     |            |         — |   |     |                    | 11,275,688 |   |     |            |          — |   |
| Allocation of net income (loss)                                                             |     | $                  |  2,220,840 |   |     | $          |  (624,273 | ) |     | $                  |  2,850,673 |   |     | $          | (2,705,162 | ) |
| Denominators:                                                                               |     |                    |            |   |     |            |           |   |     |                    |            |   |     |            |            |   |
| Weighted-average shares outstanding                                                         |     |                    |  5,379,021 |   |     |            | 1,846,250 |   |     |                    |  5,750,000 |   |     |            |  1,846,250 |   |
| Basic and diluted net income (loss) per share                                               |     | $                  |       0.41 |   |     | $          |     (0.34 | ) |     | $                  |       0.50 |   |     | $          |      (1.47 | ) |

Related parties

Parties, which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operational decisions. Companies are also considered to be related if they are subject to common control or common significant influence.

Recent Accounting Pronouncements

In December 2023, the FASB issued Accounting Standards Update No. 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures” (“ASU 2023-09”), which modifies the rules on income tax disclosures to require entities to disclose (1) specific categories in the rate reconciliation, (2) the income or loss from continuing operations before income tax expense or benefit (separated between domestic and foreign) and (3) income tax expense or benefit from continuing operations (separated by federal, state and foreign). ASU 2023-09 also requires entities to disclose their income tax payments to international, federal, state and local jurisdictions, among other changes. The guidance is effective for annual periods beginning after December 15, 2024. Early adoption is permitted for annual financial statements