Company: GDSTR
Filing Date: 2025-05-14
Form Type: S-4/A
Source: 0001213900-25-043297
Chunk: 361

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-05-14
Form: S-4/A
Chunk 361
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 a prospective basis, but retrospective application is permitted. The Company is currently evaluating the potential impact of adopting this new guidance on the Company’s unaudited condensed consolidated financial statements and related disclosures. ASU 2023 -09will be effective for the year ending March 31, 2025. Management does not believe that any other recently issued, but not effective, accounting standards, if currently adopted, would have a material effect on the Company’s unaudited condensed consolidated financial statements.

NOTE 3 — CASH AND INVESTMENTS HELD IN TRUST ACCOUNT

As of December 31, 2024 and March 31, 2024, assets held in the Trust Account were comprised of $ and $, respectively, in cash and money market funds which are invested in U.S. Treasury Securities.

The following table presents information about the Company’s assets that are measured at fair value on a recurring basis at December 31, 2024 and March 31, 2024 and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

|                                                       | Description |   | Level |   | December 31, 
         2024 |     |   |  March 31, 
       2024 |
|:------------------------------------------------------|:------------|--:|:------|:--|-------------:|:----|:--|-----------:|
| Assets:                                               |             |   |       |   |              |     |   |            |
| Trust Account – U.S. Treasury Securities Money Market 
 Fund                                                  |             | 1 |       | $ |   18,473,627 |     | $ | 55,495,253 |

F-42

GOLDENSTONE ACQUISITION LIMITED
NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2024

NOTE 4 — INITIAL PUBLIC OFFERING

On March 21, 2022, the Company closed its Initial Public Offering of units, which includes the full exercise of the underwriters’ over-allotment option. The units were sold at a price of $ per unit, resulting in total gross proceeds of $. Each unit consists of share of common stock, redeemable warrant and right to receive -tenth (1/10) of one share of common stock. Each redeemable warrant entitles the holder thereof to purchase -half (1/2) of share of common stock, and each ten (