Company: GDSTR
Filing Date: 2025-06-16
Form Type: 10-K
Source: 0001213900-25-054825
Chunk: 396

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-06-16
Form: 10-K
Item: Item 1C
Chunk 396
---
,
2025 and 2024 and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

    Description 
    Level 
    March 31,
    2025  
    March
    31, 2024 
  
    Assets: 

    Trust
    Account - U.S. Treasury Securities Money Market Fund 
    1 
    $18,666,931  
    $55,495,253 

NOTE
4 — INITIAL PUBLIC OFFERING

On
March 21, 2022, the Company closed its Initial Public Offering of 5,750,000 units, which includes the full exercise of the underwriters’
over-allotment option. The units were sold at a price of $10.00 per unit, resulting in total gross proceeds of $57,500,000. Each unit
consists of one share of common stock, one redeemable warrant and one right to receive one-tenth (1/10) of one share of common stock.
Each redeemable warrant entitles the holder thereof to purchase one-half (1/2) of one 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 of the warrants
is $11.50 per full share. The warrants will become exercisable on the later of 30 days after the completion of the Company’s initial
Business Combination or 12 months from the closing of the Initial Public Offering, and will expire five years after the completion of
the Company’s initial Business Combination or earlier upon redemption or liquidation.

All
of the 5,750,000 public shares sold as part of the Public Units in the Initial Public Offering contain a redemption feature which allows
for the redemption of such public shares if there is a stockholder vote or tender offer in connection with the Business Combination and
in connection with certain amendments to the Company’s amended and restated certificate of incorporation, or in connection with
the Company’s liquidation. In accordance with the Securities and Exchange Commission (the “SEC”) and its staff’s
guidance on redeemable equity instruments, which has been codified in ASC 480-10-S99, redemption provisions not solely within the control
of the Company require Common Stock subject to redemption to be classified outside of permanent equity.

The
Company’s redeemable Common Stock is subject to SEC and its staff’s guidance on redeemable