Company: SDHIU
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001213900-25-104714
Chunk: 27

Company: Siddhi Acquisition Corp (Cayman Islands)
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 1
Chunk 27
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 where
proxies are allowed, by proxy at the applicable general meeting of the Company is generally required to approve any matter voted on by
the Company’s shareholders. Approval of certain actions requires a special resolution under Cayman Islands law, which (except as
specified below) requires the affirmative vote of at least two-thirds of the votes cast by such shareholders as, being entitled to do
so, vote in person or, where proxies are allowed, by proxy at the applicable general meeting, and pursuant to the Company’s amended
and restated memorandum and articles of association, such actions include amending the amended and restated memorandum and articles of
association and approving a statutory merger or consolidation with another company. There is no cumulative voting with respect to the
appointment of directors, meaning, following the Company’s initial Business Combination, the holders of more than 50% of the ordinary
shares voted for the appointment of directors can elect all of the directors. Prior to the consummation of the initial Business Combination,
only holders of the Class B ordinary shares will (i) have the right to vote on the appointment and removal of directors. Holders
of the Class A ordinary shares will not be entitled to vote on these matters during such time. These provisions of the amended and
restated memorandum and articles of association may only be amended if approved by a special resolution passed by the affirmative vote
of at least 90% (or, where such amendment is proposed in respect of the consummation of the initial Business Combination, two-thirds)
of the votes cast by such shareholders as, being entitled to do so, vote in person or, where proxies are allowed, by proxy at the applicable
general meeting of the Company.

Rights

Except in cases where the Company is not the surviving
company in a Business Combination, each holder of a right will automatically receive one tenth (1/10) of one Class A ordinary
share upon consummation of the initial Business Combination, even if the holder of a Public Right redeemed all Class A ordinary shares
held by him, her or it in connection with the initial Business Combination or an amendment to the amended and restated memorandum and
articles of association with respect to pre-initial Business Combination activities. In the event the Company will not be the surviving
company upon completion of the initial Business Combination, each holder of a right will be required to affirmatively convert his, her
or its rights in order to receive the one tenth (1/10) of one