Company: GDSTR
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-014248
Chunk: 6

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-02-14
Form: 10-Q
Item: Item 1
Chunk 6
---
345) 
     (7,009,801)

    Net Change in Cash 
     (22,389) 
     (4,646)

    Cash at beginning of period 
     30,823  
     10,763 

    Cash at end of period 
    $8,434  
    $6,117 

    Supplemental Cash Flow Information 

    Cash paid for income taxes 
    $818,112  
    $443,497 

    Supplemental Disclosure of Non-cash Financing Activities 

    Excise tax payable attributable to redemption of common stock 
    $380,443  
    $81,578 
  
    Accretion of subsequent measurement of common stock subject to redemption value 
    $1,423,955  
    $3,277,975 

The accompanying notes are an integral part of
these unaudited condensed consolidated financial statements.

4

GOLDENSTONE ACQUISITION LIMITED

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL
STATEMENTS

DECEMBER 31, 2024

NOTE 1 — ORGANIZATION AND BUSINESS BACKGROUND

Goldenstone Acquisition Limited (the “Company”)
is a Delaware corporation incorporated as a blank check company on September 9, 2020. The Company was formed for the purpose of entering
into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with
one or more businesses or entities (the “Business Combination”). The Company is not limited to a particular industry or geographic
region for purposes of consummating a Business Combination.

On June 2, 2022, Goldenstone Merger Sub, Inc.
(“Merger Sub 1”) was incorporated in the state of Delaware as a corporation and is wholly-owned by the Company. Merger Sub
1 was formed in connection with the execution of a business combination agreement that was subsequently terminated. It has not conducted
any activities and is inactive.

On June 20, 2024, Pacifica Acquisition Corp
(“Merger Sub 2”) was incorporated in the state of Delaware as a corporation and is wholly-owned by the Company. Merger
Sub 2 was formed in connection with the execution of the June 26, 2024 Business Combination Agreement described below. It has not
conducted any activities and is inactive.

The Company has selected March 31 as its fiscal