Company: GDSTR
Filing Date: 2025-06-20
Form Type: S-4/A
Source: 0001213900-25-055744
Chunk: 344

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-06-20
Form: S-4/A
Chunk 344
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cholesOption Pricing Model. The fair value of the warrants is estimated as of the date of grant using the following assumptions: (1) expected volatility of 12.96%, (2) risk -freeinterest rate of 1.16%, (3) expected life of 5years, (4) exercise price of $ 11.50and (5) stock price of $ 9.03.

NOTE 9 — INCOME TAXES

The Company’s taxable income primarily consists of interest earned on investment held in Trust Account.

The income tax provision (benefit) consists of the following:

|                      |     |   |    For the 
 Year Ended 
  March 31, 
       2025 |   |     |   |    For the 
 Year Ended 
  March 31, 
       2024 |
|:---------------------|:----|:--|-----------:|:--|:----|:--|-----------:|
| Current              |     |   |            |   |     |   |            |
| Federal              |     | $ |    324,395 |   |     | $ |    613,217 |
| State                |     |   |          — |   |     |   |          — |
| Deferred             |     |   |            |   |     |   |            |
| Federal              |     |   |    (37,152 | ) |     |   |      2,975 |
| State                |     |   |          — |   |     |   |          — |
| Income tax provision |     | $ |    287,243 |   |     | $ |    616,192 |

A reconciliation of the statutory federal income tax rate to the Company’s effective tax rate is as follows:

|                               |     |    For the 
 Year Ended 
  March 31, 
       2025 |   |     | For the    
 Year Ended 
 March 31,  
 2024       |      |   |
|:------------------------------|:----|-----------:|:--|:----|:-----------|-----:|:--|
| U.S. statutory rate           |     |       21.0 | % |     |            | 21.0 | % |
| Change in valuation allowance |     |       51.4 | % |     |            |  6.8 | % |
| Effective tax rate            |     |