Goldenstone Acquisition Ltd. Files Amendment 2 to Form 10-K for Fiscal Year Ended March 31, 2023

TL;DR

<b>Goldenstone Acquisition Ltd. has filed an amendment to its 2023 10-K report, providing updated information for its fiscal year ending March 31, 2023.</b>

AI Summary

Goldenstone Acquisition Ltd. (GDSTW) filed a Amended Annual Report (10-K/A) with the SEC on January 11, 2024. Goldenstone Acquisition Ltd. filed an amendment (No. 2) to its Form 10-K for the fiscal year ended March 31, 2023. The filing was made on January 11, 2024. The company is incorporated in Delaware and its principal executive offices are located in Aurora, IL. Securities registered include Common Stock (GDST), Redeemable Warrants (GDSTW), Rights (GDSTR), and Units (GDSTU), all trading on The Nasdaq Stock Market LLC. Goldenstone Acquisition Ltd. is classified as a non-accelerated filer, smaller reporting company, and emerging growth company.

Why It Matters

For investors and stakeholders tracking Goldenstone Acquisition Ltd., this filing contains several important signals. This amendment indicates that the company is providing updated or corrected information for its annual report, which could be material to investors reviewing its financial standing and disclosures. As a non-accelerated filer and smaller reporting company, the detailed financial disclosures and forward-looking statements in this amended 10-K are crucial for understanding its current operational status and strategic direction.

Risk Assessment

Risk Level: low — Goldenstone Acquisition Ltd. shows low risk based on this filing. The filing is an amendment to a previous 10-K, suggesting it's for clarification or correction rather than new material events, thus posing a low risk.

Analyst Insight

Investors should review the specific changes made in Amendment No. 2 to the 10-K filing to understand any updated disclosures or financial information provided by Goldenstone Acquisition Ltd.

Key Numbers

• 0331 — Fiscal Year End (Fiscal year end date)
• 2023 — Fiscal Year (Fiscal year for the report)
• 11.50 — Warrant Exercise Price (Exercise price for redeemable warrants)
• 0.0001 — Common Stock Par Value (Par value per share of common stock)

Key Players & Entities

• Goldenstone Acquisition Ltd. (company) — Registrant name
• GDST (company) — Trading symbol for Common Stock
• GDSTW (company) — Trading symbol for Redeemable Warrants
• GDSTR (company) — Trading symbol for Rights
• GDSTU (company) — Trading symbol for Units
• The Nasdaq Stock Market LLC (company) — Exchange where securities are registered
• March 31, 2023 (date) — Fiscal year end
• January 11, 2024 (date) — Filing date

FAQ

Risk Factors

• Filing Requirements [medium — regulatory]: The company must comply with Section 13 or 15(d) of the Securities Exchange Act of 1934, including filing all required reports.
• Financial Reporting [medium — financial]: As a smaller reporting company and emerging growth company, specific financial disclosure requirements may apply.

Key Dates

• 2024-01-11: Filing of 10-K/A Amendment No. 2 — Provides updated information for the fiscal year ended March 31, 2023.

Key Financial Figures

• $0.0001 — ich registered Common Stock, par value $0.0001 per share GDST The Nasdaq Stock Market
• $11.50 — of Common Stock at an exercise price of $11.50 per whole share GDSTW The Nasdaq Stock
• $10.00 — tock. The Units were sold at a price of $10.00 per Unit, generating gross proceeds to
• $57,500,000 — rating gross proceeds to the Company of $57,500,000. Simultaneously with the closing of t
• $3,512,500 — vate Unit, generating total proceeds of $3,512,500 (the "Private Placement"). The Private
• $58,362,500 — offering on March 21, 2022, a total of $58,362,500 of the net proceeds from the IPO, the O
• $2,012,500 — nt and the Private Placement (including $2,012,500 of the underwriter's deferred commissio
• $60,156,291 — lders. As of March 31, 2023, a total of $60,156,291 including the net proceeds from the IPO
• $4,331,021 — IPO transaction costs that amounted to $4,331,021, consisting of $1,150,000 of underwriti
• $1,150,000 — t amounted to $4,331,021, consisting of $1,150,000 of underwriting discounts and commissio
• $519,403 — business combination, if consummated), $519,403 of other offering costs, the $441,025 f
• $441,025 — , $519,403 of other offering costs, the $441,025 fair value of the 57,500 shares issued
• $208,093 — e (the "Representative Shares") and the $208,093 fair value of the Unit Purchase Option
• $1,045,061 — dered as part of the transaction costs, $1,045,061 of the net proceeds of the Public Offer
• $600,000 — , or, at the lender's discretion, up to $600,000 of the notes may be converted upon cons

Filing Documents

• f10k2023a2_goldenstone.htm (10-K/A) — 236KB
• f10k2023a2ex31-1_goldenstone.htm (EX-31.1) — 12KB
• f10k2023a2ex31-2_goldenstone.htm (EX-31.2) — 10KB
• f10k2023a2ex32-1_goldenstone.htm (EX-32.1) — 3KB
• f10k2023a2ex32-2_goldenstone.htm (EX-32.2) — 3KB
• 0001213900-24-003029.txt (&nbsp;) — 575KB
• gdst-20230331.xsd (EX-101.SCH) — 4KB
• gdst-20230331_def.xml (EX-101.DEF) — 21KB
• gdst-20230331_lab.xml (EX-101.LAB) — 44KB
• gdst-20230331_pre.xml (EX-101.PRE) — 21KB
• f10k2023a2_goldenstone_htm.xml (XML) — 9KB

BUSINESS

BUSINESS 1 ITEM 1A. RISK FACTORS 13 part IV ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES 17 i FORWARD LOOKING STATEMENTS Some or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intends," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements in this Form 10-K may include, for example, statements about: our ability to complete our initial business combination; our success in retaining or recruiting, or changes required in, our officers, key employees or directors following our initial business combination; our officers and directors allocating their time to other businesses and potentially having conflicts of interest with our business or in approving our initial business combination, as a result of which they would then receive expense reimbursements; our potential ability to obtain additional financing to complete our initial business combination; our pool of prospective target businesses; the ability of our officers and directors to generate a number of potential acquisition opportunities; our public securities' potential liquidity and trading; the lack of a market for our securities; the use of proceeds not held in the trust account or available to us from interest income on the trust account balance; or

View Full Filing

View this 10-K/A filing on SEC EDGAR