Company: GDSTR
Filing Date: 2025-08-05
Form Type: S-4/A
Source: 0001213900-25-071731
Chunk: 341

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-08-05
Form: S-4/A
Chunk 341
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 will become redeemable, the Company has the option to either accrete changes in the redemption value over the period from the date of issuance (or from the date that it becomes probable that the instrument will become redeemable, if later) to the earliest redemption date of the instrument or to recognize changes in the redemption value immediately as they occur and adjust the carrying amount of the instrument to equal the redemption value at the end of each reporting period. The Company has elected to recognize the changes over the period from the date of issuance to the earliest redemption date of the instrument of twelve months. The accretion or remeasurement is treated as a deemed dividend (i.e., a reduction to retained earnings, or in absence of retained earnings, additional paid -incapital). Interest earned on investment held in Trust Account, net of applicable taxes, and the extension payments made by the Company are subject to subsequent accretion of carrying value to redemption value.

F-19

GOLDENSTONE ACQUISITION LIMITED
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
MARCH 31, 2025 NOTE 4 — INITIAL PUBLIC OFFERING (cont.)

As of March 31, 2025 and 2024, the common stock subject to possible redemption reflected on the balance sheet is reconciled in the following table:

| Common stock subject to possible redemption, March 31, 2023 |     | $ |  59,544,769 |   |
| Redemption of common stock                                  |     |   |  (8,157,801 | ) |
| Plus:                                                       |     |   |             |   |
| Subsequent accretion of carrying value to redemption value  |     |   |   4,039,650 |   |
| Common stock subject to possible redemption, March 31, 2024 |     |   |  55,426,618 |   |
| Redemption of common stock                                  |     |   | (38,044,345 | ) |
| Plus:                                                       |     |   |             |   |
| Subsequent accretion of carrying value to redemption value  |     |   |   1,625,328 |   |
| Common stock subject to possible redemption, March 31, 2025 |     | $ |  19,007,601 |   |

NOTE 5 — PRIVATE PLACEMENT Simultaneously with the closing of the Initial Public Offering, the Company completed the private sale of 351,250