Company: GDSTR
Filing Date: 2025-07-18
Form Type: S-4/A
Source: 0001213900-25-065671
Chunk: 332

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-07-18
Form: S-4/A
Chunk 332
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 The Company then allocated the undistributed income (loss) ratably based on the weighted average number of shares outstanding between the redeemable and non-redeemable Common Stock. Any remeasurement of the accretion to redemption value of the Common Stock subject to possible redemption was considered to be dividends paid to the public stockholders. For the years ended March 31, 2025 and 2024, the Company has not considered the effect of a) the Public and Private Warrants sold in the Initial Public Offering to purchase an aggregate of shares, b) thePublic and Private Rights that will automatically convert into an aggregate of shares upon consummation of its initial Business Combination, c) the Unit Purchase Option (“UPO”) to purchase up to Units, which include option to purchase shares, option to purchase an aggregate of shares from the exercise of warrants, and shares automatically converted from the rights upon consummation of its initial Business Combination, and d) up to Private Units upon optional conversion of the Working Capital and Extension Loans, in the calculation of diluted net income (loss) per share, since the exercise of the Public and Private Warrants, the effect of the Public and Private Rights, the exercise of the UPO, and the conversion of the Working Capital and Extension Loans are contingent upon the occurrence of future events and the inclusion of these financial securities would be anti-dilutive. The Company did not have any other dilutive securities and other contracts that could, potentially, be exercised or converted into Common Stock and then share in the earnings of the Company. As a result, diluted income (loss) per share is the same as basic (income) loss per share for the periods presented.

The net income (loss) per share presented in the statement of operations is based on the following:

|                                                                             |     |   |    For the 
 Year Ended 
  March 31, 
       2025 |   |     |   |    For the 
 Year Ended 
  March 31, 
       2024 |   |
|:----------------------------------------------------------------------------|:----|:--|-----------:|:--|:----|:--|-----------:|:--|
| Net income                                                                  |     | $ |    109,366 |   |     | $ |  1,596,567 |   |
| Accretion of redeemable common stock to redemption value                    |     |   | (1,625,328 | ) |     |   | (4,039,650 |