Company: SDHIU
Filing Date: 2025-03-07
Form Type: S-1
Source: 0001213900-25-021782
Chunk: 3

Company: Siddhi Acquisition Corp (Cayman Islands)
Filing Date: 2025-03-07
Form: S-1
Chunk 3
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 if we have executed a definitive agreement for an initial business combination within 21months from the closing of this offering) or until such earlier liquidation date as our board of directors may approve, to consummate our initial business combination. If we anticipate that we may be unable to consummate our initial business combination within such 21 -month(or 24 -month), we may seek shareholder approval to amend our amended and restated memorandum and articles of association to extend the date by which we must consummate our initial business combination. If we seek shareholder approval for an extension, holders of public shares will be offered an opportunity to redeem their shares at a per share price, payable in cash, equal to the aggregate amount then on deposit in the trust account, including interest earned thereon (net of permitted withdrawals), divided by the number of then issued and outstanding public shares, subject to applicable law. If we are unable to complete our initial business combination within 21months from the closing of this offering (or 24months from the closing of this offering if we have executed a definitive agreement for an initial business combination within 21months from the closing of this offering) or by such earlier liquidation date as our board of directors may approve, we will redeem 100% of the public shares at a per share price, payable in cash, equal to the aggregate amount then on deposit in the trust account, including interest earned thereon (net of permitted withdrawals and up to $100,000 of interest income to pay dissolution expenses), divided by the number of then issued and outstanding public shares, subject to applicable law and certain conditions as further described herein. Our sponsor, Siddhi Sponsor LLC, has committed to purchase an aggregate of 300,000 units (or 315,000 units if the underwriter’s over -allotmentoption is exercised in full), at $10.00 per private unit for a total purchase price of $3,000,000 (or $3,150,000 if the underwriter’s over -allotmentoption is exercised in full). Our sponsor currently owns an aggregate of 5,750,000 Class B ordinary shares, which were purchased for an aggregate of $25,000 (or approximately $0.004 per share), up to 750,000 of which will be surrendered to us for no consideration after the closing of this offering depending on the extent to which the underwriter’s over -allotmentoption is exercised, which will automatically convert into Class A ordinary shares concurrently with or immediately following the consum