Company: GDSTR
Filing Date: 2025-08-05
Form Type: S-4/A
Source: 0001213900-25-071731
Chunk: 238

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-08-05
Form: S-4/A
Chunk 238
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 to the Company’s Amended and Restated Certificate of Incorporation to extend the date by which the Company has to consummate a business combination up to twelve (12) times (the “Fifth Extension”), each such extension for an additional one (1) month period, from June21, 2025 to June21, 2026. In connection with the stockholders’ vote at the special Meeting, 1,152,875shares of common stock were tendered for redemption. Pursuant to the Fifth Extension, the Company has deposited a total of two of $50,000 in the Trust Account, to initially extend the date by which the Company can complete an initial business combination to August 21, 2025. Results of Operations Our entire activity since inception up to March 31, 2025 was in connection with our search for a target for our initial business combination. We will not generate any operating revenues until the closing and completion of our initial business combination, at the earliest. On June 26, 2024, the Company entered into a Business Combination Agreement as discussed above. The Company filed its initial Form S -4Registrant Statement on January 30, 2025 and filed two amendments to the Form S -4on April 24, 2025 and May 14, 2025, however, there is no assurance that the Registration Statement will be declared effective or that the Business Combination will be completed. 124 For the year ended March 31, 2025, we generated a net income of $109,366, which consisted of interest income on the Trust Account of $1,330,551 and franchise tax credit of $37,275, partially offset by formation and operating costs of $971,217 and income taxes provision of $287,243. For the year ended March 31, 2024, we generated a net income of $1,596,567, which consisted of interest income on the Trust Account of $2,934,879, business combination income of $125,000 as our previous potential target did not move forward with the merger and we were able to keep the merger deposit funds, offset by formation and operating costs of $717,167, franchise tax expense of $129,953 and income taxes provision of $616,192. Liquidity and Going Concern As of March 31, 2025, we had $14,692 in cash in our operating account as compared to cash of $30,823 at March 31, 202