Company: GDSTR
Filing Date: 2025-08-20
Form Type: 10-Q
Source: 0001213900-25-078650
Chunk: 111

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-08-20
Form: 10-Q
Item: Item 8
Chunk 111
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 taxes provision 
     (38,277) 
     (143,002)
  
    Net (loss) income 
    $(235,827) 
    $22,595 

The key measures of segment profit or loss reviewed
by the Company’s CODM are interest earned on investment in Trust Account and formation and operating expenses. The CODM reviews
interest earned on investment in Trust Account to measure and monitor stockholder value and determine the most effective strategy of investment
with the Trust Account funds while maintaining compliance with the trust agreement. Within formation and operating costs, the CODM specifically
reviews professional service fees in connection with the business combination, which are a significant segment expense, and include legal
fees, and advisory fees, as these represent significant costs affecting the Company’s consummation of the Business Combination.
Other formation and operating costs, including accounting expenses, printing expenses, and regulatory filing fees, are reviewed in aggregate
to ensure alignment with budget and contractual obligations. These expenses are monitored to manage and forecast cash available to complete
a business combination within the required period. 

NOTE 11 — SUBSEQUENT EVENTS

The Company evaluated subsequent events and transactions
that occurred after the balance sheet date through the date of this report when these unaudited condensed financial statements were issued.
Based on this review, except as disclosed below, the Company did not identify any other subsequent events that would require adjustment
or disclosure in the unaudited condensed consolidated financial statements.

In July 2025, the Company issued an unsecured
promissory note in the principal amount of $50,000 to the Sponsor. The proceeds of the promissory note were deposited into the Company’s
Trust Account for the public stockholders, which enables the Company to extend the period of time it has to consummate its initial Business
Combination from July 21, 2025 to August 21, 2025.

In July 2025, in connection with the stockholder’s vote at the
Special Meeting, 1,152,875 shares of common stock were tendered for redemption and $13,510,111 (approximately $11.72 per share)
was withdrawn from the Company’s Trust Account to pay such holders  with the balance of $207,991 to be paid upon settlement
of the income taxes refunds and the balance of $175,587 to be paid subsequent to this filing. 

In July 2025, the Company withdrew $324,396 from the