GDST
Goldenstone Acquisition Limited10.20
-0.30-2.86%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
23.35MP/E (TTM)
-Basic EPS (TTM)
-0.14Dividend Yield
0%Recent Filings
10-Q
8-K
Merger agreement terminated
Goldenstone Acquisition Limited's planned merger with Infintium Fuel Cell Systems collapsed on October 1, 2025, when Infintium terminated the Business Combination Agreement originally signed June 26, 2024, and amended January 28, 2025, due to the deal not closing by the September 30 deadline. This ends the proposed business combination with no disclosed financial impacts or next steps. Deal's dead.
10-Q
Q1 FY2026 results
Goldenstone Acquisition Limited posted a net loss of $235,827 for Q1 FY2026 ended June 30, 2025, a downturn from $22,595 income a year earlier, driven by lower interest income of $194,873 on the Trust Account versus $693,260 amid heavy redemptions. Operating loss widened to $392,423 from $527,663, with formation costs dropping to $379,823 yet offset by excise taxes on share buybacks. The Trust Account holds $19.0M, bolstered by $325,000 in related-party extension loans, while cash outside sits at a slim $4,224 and payables to redeeming stockholders top $13.9M. A merger with Infintium Fuel Cell Systems remains in play, with S-4 amendments filed through August 2025. Redemptions keep shrinking the shareholder base.
8-K
SPAC deadline extended amid redemptions
Goldenstone Acquisition Limited's stockholders approved amendments on June 18, 2025, extending the business combination deadline from June 21, 2025, to June 21, 2026, via up to 12 monthly one-month extensions, each requiring a $50,000 trust deposit. The company funded the first extension and saw 1,152,875 shares redeemed, leaving $5,275,412 in the trust and 442,996 public shares outstanding. Redemptions slashed trust assets by over $13.7 million.
10-K
FY2025 results
Goldenstone Acquisition Limited, a blank check company, reported net income of $109,366 for FY2025 ended March 31, 2025, driven by $1.33 million in trust account interest income offset by $971,217 in operating costs and $287,243 in taxes, while the trust balance stood at $18.67 million after significant redemptions. With no operational revenue, the focus remains on completing its pending merger with Infintium Fuel Cell Systems, valued at $130 million, extended to June 21, 2025 via monthly $50,000 deposits; Q4 saw $38 million redeemed in June 2024, shrinking shares outstanding to 3.44 million and highlighting liquidity pressures from $2.98 million in sponsor loans. Yet momentum builds as the S-4 registration advances, potentially unlocking earnouts tied to post-merger stock performance. No quarterly breakdowns disclosed. PRC regulatory shifts pose a key risk to deal closure.
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