Company: SDHIU
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001213900-25-073707
Chunk: 10

Company: Siddhi Acquisition Corp (Cayman Islands)
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 10
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000 (see Note 5). As of
June 30, 2025, the Company had cash of $884,323 and a working capital of $889,756.

In order to fund working capital deficiencies
or finance transaction costs in connection with a Business Combination, the Sponsor or an affiliate of the Sponsor, or certain of the
Company’s officers and directors may, but are not obligated to, loan the Company funds as may be required (“Working Capital
Loans”). If the Company completes a Business Combination, the Company would repay such loaned amounts at that time. Up to $1,500,000
of such Working Capital Loans may be converted into units of the post-Business Combination entity at a price of $10.00 per unit. The units
would be identical to the Private Placement Units. As of June 30, 2025 (unaudited) and December 31, 2024, the Company had no borrowings
under such Working Capital Loans.

In connection with the Company’s assessment
of going concern considerations in accordance with Accounting Standards Codification (“ASC”) 205-40, “Presentation of
Financial Statements - Going Concern,” the Company does not believe it will need to raise additional funds in order to meet the
expenditures required for operating its business within one year from the date of issuance of the unaudited condensed financial statements.
However, if the estimate of the costs of identifying a target business, undertaking in-depth due diligence and negotiating a Business
Combination are less than the actual amount necessary to do so, the Company may have insufficient funds available to operate its business
prior to the initial Business Combination. Management has determined that after the Initial Public Offering close on April 2, 2025, the
Company has sufficient funds to finance the working capital needs of the Company within one year from the date of issuance of the unaudited
condensed financial statements.

6

SIDDHI ACQUISITION CORP

NOTES TO CONDENSED FINANCIAL STATEMENTS

JUNE 30, 2025

(Unaudited)

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The accompanying unaudited condensed financial
statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”)
for interim financial information and in accordance with the instructions to Form 10-Q and Article 8 of Regulation S-X of the U.S. Securities
and