Company: GDSTR
Filing Date: 2025-08-05
Form Type: S-4/A
Source: 0001213900-25-071731
Chunk: 320

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-08-05
Form: S-4/A
Chunk 320
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 effective date of the registration statement related to the Initial Public Offering and the consummation of a Business Combination. The UPO may be exercised for cash or on a cashless basis, at the holder’s option, and expires five years from the effective date of the registration statement related to the Initial Public Offering. The Units issuable upon exercise of the option are identical to those offered in the Initial Public Offering. The Company accounted for the unit purchase option, inclusive of the receipt of the $ 100cash payment and the fair value of $ 208,093, or $ 7.67per Unit, as a cost of the Initial Public Offering resulting in a charge directly to stockholders’ equity. The fair value of the UPO granted to Maxim was estimated as of the date of grant using the following assumptions: (1) expected volatility of 12.96%, (2) risk -freeinterest rate of 1.61%, (3) expected life of 5years and (4) 85% probability of successful combination. Transaction costs amounted to $ 4,331,021, consisting of $ 1,150,000of underwriting discounts and commissions, $ 2,012,500of deferred underwriting discounts and commissions, $ 519,403of other offering costs, $ 441,025fair value of the 57,500representative shares and $ 208,093fair value of the UPO, and were considered as part of the transaction costs and were recognized during the three months ended March 31, 2022. Following the closing of the Initial Public Offering and the issuance and the sale of Private Units on March 21, 2022, $ 58,362,500($ 10.15per Public Unit) from the net proceeds of the sale of the Public Units in the Initial Public Offering and the sale of Private Units was placed in a Trust Account (the “Trust Account”) maintained by Continental Stock Transfer & Trust Company, LLC as a trustee and invested in U.S. government treasury bills, bonds or notes having a maturity of 185 days or less, or in money market funds meeting the applicable conditions under Rule 2a -7promulgated under the Investment Company Act of 1940 and that invest solely in United States government treasuries, so that we are not deemed to be an investment company under the Investment Company Act. The proceeds held in the Trust Account will not be released until the earlier of: (1) the completion of the Company’s initial