Company: GDSTR
Filing Date: 2025-06-16
Form Type: 10-K
Source: 0001213900-25-054825
Chunk: 43

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-06-16
Form: 10-K
Item: Item 1
Chunk 43
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8,157,801, the withdrawal of an investment held in the Trust Account
amounting to $698,946, offset by the purchase of investment held in Trust Account amounting to $1,275,000.

For
the year ended March 31, 2025, there was $36,858,379 of cash used in financing activities resulting from the redemption of common stock
of $38,044,345 and repayments of working capital loans from our Sponsor amounting to $230,000, offset by the proceeds from working capital
and extension loans from our Sponsor amounting to $1,415,966.

For
the year ended March 31, 2024, there was $6,486,801 of cash used in financing activities resulting from the redemption of common stock
of $8,157,801, offset by the proceeds from working capital and extension loans from our Sponsor amounting to $1,471,000 and the business
combination deposit of $200,000.

21

In
addition, in order to finance transaction costs in connection with searching for a target business or consummating an intended initial
business combination, the initial stockholders, officers, directors or their affiliates may, but are not obligated to, loan us funds
as may be required. In the event that the initial business combination does not close, we may use a portion of the working capital held
outside the Trust Account to repay such loaned amounts, but no proceeds from our Trust Account would be used for such repayment. Such
loans would be evidenced by promissory notes. The notes would either be paid upon consummation of our initial business combination, without
interest, or, at the lender’s discretion, up to $600,000 of the notes may be converted upon consummation of our business combination
into private units at a price of $10.00 per unit.

We
had until 12 months from the closing of the Initial Public Offering to consummate an initial Business Combination. However, if we anticipate
that it may not be able to consummate our initial Business Combination within 12 months, we may extend the period of time to consummate
a Business Combination up to three times, each by an additional three months (for a total of up to 21 months to complete a Business Combination).
Pursuant to the terms of our amended and restated certificate of incorporation and the trust agreement to be entered into between us
and the trustee, in order to extend