Company: GDSTR
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001213900-25-112608
Chunk: 100

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-11-19
Form: 10-Q
Item: Item 8
Chunk 100
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held in the Trust Account were comprised of $5,330,210 and $18,666,931, respectively, in cash and money market funds which are invested
in U.S. Treasury Securities.

The following table presents information about
the Company’s assets that are measured at fair value on a recurring basis at September 30, 2025 and March 31, 2025 and indicates
the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

    Description 
    Level  
    September 30, 2025  
    March 31, 2025 
  
    Assets: 

    Trust Account - U.S. Treasury Securities Money Market Fund 
     1  
    $5,330,210  
    $18,666,931 

16

NOTE 4 — INITIAL PUBLIC OFFERING

On March 21, 2022, the Company closed its Initial
Public Offering of 5,750,000 units, which includes the full exercise of the underwriters’ over-allotment option. The units were
sold at a price of $10.00 per unit, resulting in total gross proceeds of $57,500,000. Each unit consists of one share of common stock,
one redeemable warrant and one right to receive one-tenth (1/10) of one share of common stock. Each redeemable warrant entitles the holder
thereof to purchase one-half (1/2) of one share of common stock, and each ten (10) rights entitle the holder thereof to receive one share
of common stock at the closing of a Business Combination. The exercise price of the warrants is $11.50 per full share. The warrants will
become exercisable on the later of 30 days after the completion of the Company’s initial Business Combination or 12 months from
the closing of the Initial Public Offering, and will expire five years after the completion of the Company’s initial Business Combination
or earlier upon redemption or liquidation.

All of the 5,750,000 public shares sold as part
of the Public Units in the Initial Public Offering contain a redemption feature which allows for the redemption of such public shares
if there is a stockholder vote or tender offer in connection with the Business Combination and in connection with certain amendments to
the Company’s amended and restated certificate of incorporation, or in connection with the Company’s liquidation. In accordance
with the Securities and Exchange Commission (the “SEC