Company: SDHIU
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001213900-25-042070
Chunk: 20

Company: Siddhi Acquisition Corp (Cayman Islands)
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 8
Chunk 20
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key decisions regarding resource allocation, the CODM reviews several key metrics included in net income (loss) and total assets, which
include the following:

    March 31, 

    2025 
  
    Cash 
    $3,156,843 

    For the
 Three Months 
Ended 
March 31,
2025 
  
    General and administrative costs 
    $43,850 

The key measures of segment profit or loss reviewed by the CODM are
general and administrative costs. General and administrative costs are reviewed and monitored by the CODM to manage and forecast cash
to ensure enough capital is available to complete the Initial Public Offering and eventually a business combination or similar transaction
within the Extension Period. The CODM also reviews general and administrative costs to manage, maintain and enforce all contractual agreements
to ensure costs are aligned with all agreements and budget. General and administrative costs, as reported on the unaudited condensed statement
of operations, are the significant segment expenses provided to the CODM on a regular basis.

All other segment items included in net income (loss) are reported
on the unaudited condensed statement of operations and described within their respective disclosures.

NOTE 9. SUBSEQUENT EVENTS 

The Company evaluated subsequent events and transactions that occurred
after the unaudited condensed balance sheet date up to the date that the unaudited condensed financial statements were issued. Based upon
this review, other than as described below, the Company did not identify any subsequent events that would have required adjustment or
disclosure in the condensed financial statements.

On April 2, 2025, the Company consummated the
Initial Public Offering of 27,600,000 Units at $10.00 per unit, which includes the full exercise of the underwriter’s over-allotment
option, generating gross proceeds of $276,000,000. Simultaneously with the closing of the Initial Public Offering, the Company consummated
the sale of an aggregate of 338,000 Private Placement Units to the Sponsor at a price of $10.00 per unit, generating gross proceeds of
$3,380,000.

On April 2, 2025, in connection with the closing
of the Initial Public Offering, the underwriter was paid a cash underwriting fee of $250,000. In addition, the underwriter will be entitled
to a deferred underwriting discount of $0.30 per Unit, or $8,280,000. The deferred