Company: GDSTR
Filing Date: 2025-06-20
Form Type: S-4/A
Source: 0001213900-25-055744
Chunk: 73

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-06-20
Form: S-4/A
Chunk 73
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 epidemics and pandemics; the impacts of climate change on transportation networks and suppliers manufacturing facilities; and economic sanctions or embargoes. If we are unable to broaden our customer base and expand relationships with other potential customers, our business may be negatively impacted. We currently have a limited customer base. If we are unable to broaden our customer base and expand relationships with other potential customers, our business may be negatively impacted. Our dependence on a small number of customers also exposes us to numerous other risks, including: (i) a slowdown or delay in the customers’ deployment of our products significantly reducing demand for our products as well as increase pricing pressure on our products due to increased purchasing leverage; (ii) customer -specificfactors resulting in a choice to pursue an alternative technology or supplier; (iii) reductions in a few customers’ forecasts and demand resulting in excess inventories; (iv) current or future economic conditions negatively affecting our major customers and causing them to significantly reduce operations or file for bankruptcy; and (v) concentration of accounts receivable credit risk, which could have a material adverse effect on our liquidity and financial condition if one of our major customers declared bankruptcy or delayed payment of their receivables. Our financial situation creates substantial doubt whether we will continue as a going concern. Since inception, we have incurred losses from operations and a negative capital deficit. As a result of the above, in connection with our assessment of going concern considerations in accordance with Financial Accounting Standard Board’s (“FASB”) Accounting Standards Update (“ASU”) 2014 -15, “Disclosures of Uncertainties about an Entity’s 24 Ability to Continue as a Going Concern,” management has determined that our financial condition raises substantial doubt about our ability to continue as a going concern through twelve months from the date our financial statements are available to be issued. These financial statements do not include any adjustments relating to the recovery of the recorded assets or the classification of the liabilities that might be necessary should we be unable to continue as a going concern. The report of our auditor includes a going concern paragraph. Our projections are subject to significant risks, assumptions, estimates and uncertainties. As a result, our actual revenues, expenses and profitability may differ materially from its expectations. The projected financial and operating information appearing elsewhere in this proxy statement/prospectus reflects estimates of future performance made in 2023. We operate in a rapidly changing and competitive industry and its projections are subject to the risks and assumptions made by management with respect to its industry and business. The projections may be incomplete and reflect