Company: GDSTR
Filing Date: 2025-04-24
Form Type: S-4/A
Source: 0001213900-25-034782
Chunk: 314

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-04-24
Form: S-4/A
Chunk 314
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 financial statements and related disclosures.

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 consolidated financial statements.

F-17

GOLDENSTONE ACQUISITION LIMITED
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 3 — CASH AND INVESTMENTS HELD IN TRUST ACCOUNT

As of March 31, 2024 and 2023, 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 March 31, 2024 and 2023 and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

|                                                            | Description |   | Level |   |  March 31, 
       2024 |     |   |  March 31, 
       2023 |
|:-----------------------------------------------------------|:------------|--:|:------|:--|-----------:|:----|:--|-----------:|
| Assets:                                                    |             |   |       |   |            |     |   |            |
| Trust Account – Cash                                       |             | 1 |       | $ |          — |     | $ |    575,000 |
| Trust Account – U.S. Treasury Securities Money Market Fund |             | 1 |       |   | 55,495,253 |     |   | 59,581,291 |
| Total                                                      |             |   |       | $ | 55,495,253 |     | $ | 60,156,291 |

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 (10) rights entitle the holder thereof to receive one share of common stock at the closing of a Business Combination. The exercise price