Company: GDSTR
Filing Date: 2025-07-18
Form Type: S-4/A
Source: 0001213900-25-065671
Chunk: 343

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-07-18
Form: S-4/A
Chunk 343
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 consummation of its initial Business Combination. In the event the Company will not be the surviving company upon completion of its initial Business Combination, each holder of a right will be required to affirmatively convert his, her or its rights in order to receive the one -tenth(1/10) of a share underlying each right upon consummation of the Business Combination. The Company will not issue fractional shares in connection with an exchange of rights. Fractional shares will either be rounded down to the nearest whole share or otherwise addressed in accordance with the applicable provisions of the Delaware law. As a result, the holder must hold rights in multiples of 10 in order to receive shares for all of their rights upon closing of a Business Combination. If the Company is unable to complete an initial Business Combination within the required time period and the Company redeems the public shares for the funds held in the Trust Account, holders of rights will not receive any of such funds for their rights and the rights will expire worthless. The Company accounted for the 5,750,000rights issued with the IPO as equity instruments in accordance with ASC 480 and ASC 815. The Company accounted for the rights as an expense of the IPO resulting in a charge directly to stockholders’ equity. The Company estimates that the fair value of the rights is approximately $ 4.4million, or $ 0.76per Unit, using the Black -ScholesOption Pricing Model. The fair value of the rights is estimated as of the date of grant using the following assumptions: ( 1) expectedvolatility of 12.96%, (2) risk -freeinterest rate of 0.75%, (3) expected life of 1 year, (4) exercise price of $ 0.00and (5) stock price of $ 9.03. F-23 GOLDENSTONE ACQUISITION LIMITED
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
MARCH 31, 2025 NOTE 8 — STOCKHOLDERS’ DEFICIT (cont.) Warrants As of March 31, 2025 and 2024, there were 5,750,000Public Warrants and 351,250Private Warrants outstanding. Each redeemable warrant entitles the holder thereof to purchase one -half(1/2) of one share of common stock at a price of $ 11.50per full share, subject to adjustment as described in this prospectus. The warrants will become exercisable on