Company: GDSTR
Filing Date: 2025-01-30
Form Type: S-4
Source: 0001213900-25-008051
Chunk: 361

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-01-30
Form: S-4
Chunk 361
---
ASB issued ASU 2022 -03, Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions,which amends ASC 820 (fair value measurement) to clarify that contractual sale restrictions are not considered in measuring the fair value of equity securities, therefore changing practice for certain entities. The ASU also indicates that a contractual sale restriction is not a separate unit of account and requires new disclosures for all entities with equity securities subject to a contractual sale restriction. The key impacts of the amendments to ASC 820 are i) to clarify that contractual sale restrictions are not considered in measuring an equity security at fair value, ii) to indicate that an entity cannot recognize a contractual sale restriction as a separate unit of account (i.e. as a contra -assetor separate liability), iii) to require new disclosures for all entities with equity securities subject to a contractual sale restriction and iv) to provide different transition requirements for investment companies compared to all other entities. This standard is effective for fiscal years beginning after December 15, 2024. The Company does not expect this standard to have a material impact on the Company’s financial statements. In September 2022, FASB issued ASU 2022 -04, Liabilities — Supplier Finance Programs (Subtopic 405 -50 ): Disclosure of Supplier Finance Program Obligations,which will enhance transparency of supplier finance programs to understand the effect of those programs on an entity’s working capital, liquidity and cash flows. It will apply to fiscal years beginning after December 15, 2022, except for rollforward disclosure, which is effective for fiscal years beginning after December 15, 2023. The Company does not expect this standard to have a material impact on the Company’s financial statements. In October 2023, the FASB issued ASU 2023 -06, Disclosure Improvements: Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative,which incorporates into the Codification several disclosures and presentation requirements currently residing in SEC Regulations S -Xand S -K. As a result, the ASU is not expected to significantly affect entities currently subject to these SEC requirements. However, certain disclosures currently presented outside the financial statements as a result of Regulation S -Kmay need to be relocated into the financial statements. Conversely, the ASU adds requirements for private and not -for-profitentities, including new disclosures about i) the accounting policy for presentation of derivative instruments and their related gains and losses in the statement