Goldenstone Acquisition completes $57.5M IPO, funds trust with $58.4M

Goldenstone Acquisition Ltd.

IPO of 5.75M units at $10.00 each raised $57.5M; over-allotment fully exercised.
Private placement of 351,250 units to Sponsor and officers for $3.5M.
Net proceeds of $58.4M placed in trust; $10.15 per public unit.
Balance sheet: $59.4M assets, $48.0M temporary equity for redeemable shares.
12-month deadline (extendable to 21) to complete a business combination.

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