Company: GDSTR
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001213900-25-112608
Chunk: 54

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-11-19
Form: 10-Q
Item: Item 1
Chunk 54
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 the Company entered into a Business Combination Agreement as discussed above. The Company filed its initial Form S-4 Registrant
Statement on January 30, 2025 and filed four amendments to the Form S-4 on April 24, 2025, May 14, 2025, June 20, 2025, July 18, 2025,
and August 5, 2025, however, there is no assurance that the Registration Statement will be declared effective or that the Business Combination
will be completed. Pursuant to the terms of the Business Combination Agreement, as amended, the Business Combination Agreement could be
terminated by either the Company or Infintium if the transactions contemplated by the Business Combination Agreement were not consummated
by September 30, 2025. By letter dated October 1, 2025, Infintium informed the Company that it was exercising its right to terminate the
Business Combination Agreement.

For the three months ended September 30, 2025,
we incurred a net loss of $179,589, which consisted of formation and operating costs of $198,884, franchise tax expense of $8,400, and
income taxes provision of $26,539, partially offset by interest income on the Trust Account of $54,234. 

For the three months ended September 30, 2024,
we generated a net income of $58,624, which consisted of interest income on the trust account of $232,158, offset by formation and operating
costs of $113,854, franchise tax expense of $13,832 and income taxes provision of $45,848. 

For the six months ended September 30, 2025, we
incurred a net loss of $415,416, which consisted of formation and operating costs of $578,707, franchise tax expense of $21,000, and income
taxes provision of $64,816, partially offset by interest income on the Trust Account of $249,107. 

For the six months ended September 30, 2024, we
generated a net income of $81,219, which consisted of interest income on the trust account of $925,418, offset by formation and operating
costs of $629,217, franchise tax expense of $26,132 and income taxes provision of $188,850. 

Liquidity and Going Concern

As of September 30, 2025, we had $