Company: GDSTR
Filing Date: 2025-05-14
Form Type: S-4/A
Source: 0001213900-25-043297
Chunk: 322

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-05-14
Form: S-4/A
Chunk 322
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:                                                       |     |   |            |   |
| Accretion of carrying value to redemption value             |     |   | 11,275,688 |   |
| Common stock subject to possible redemption, March 31, 2023 |     |   | 59,544,769 |   |
| Redemption of common stock                                  |     |   | (8,157,801 | ) |
| Plus:                                                       |     |   |            |   |
| Accretion of carrying value to redemption value             |     |   |  4,039,650 |   |
| Common stock subject to possible redemption, March 31, 2024 |     | $ | 55,426,618 |   |

F-18 GOLDENSTONE ACQUISITION LIMITED
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS NOTE 5 — PRIVATE PLACEMENT Simultaneously with the closing of the Initial Public Offering, the Company completed the private sale of 351,250units (the “Private Units”) to the Sponsor, Ray Chen, our former Chief Financial Officer, and Yongsheng Liu, our former Chief Operating Officer, each through their respective affiliated entities. Each Private Unit consists of oneshare of common stock, onewarrant (“Private Warrant”) and oneright (each, a “Private Right”). Each Private Warrant entitles the holder to purchase one -halfof one share of common stock at an exercise price of $ 11.50per whole share. Each Private Right entitles the holder to receive one -tenthof one share of common stock at the closing of a Business Combination. The Private Units were sold at a purchase price of $ 10.00per Private Unit, generating gross proceeds to the Company of $ 3,512,500. The Private Units are identical to the Public Units sold in the Initial Public Offering, except that the holders of the Private Units have agreed not to transfer, assign or sell any of the Private Units and the underlying securities (except to certain permitted transferees) until the completion of the Company’s initial Business Combination. NOTE 6 — RELATED PARTY TRANSACTIONS Insider Shares On March 23, 2021, the Company issued 1,437,500shares of the Company’s common stock (the “Insider Shares”), for an aggregate purchase price of $ 25,874, or approximately $ 0.018per share. As of March 31, 2024 and 2023