Company: SDHIU
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001213900-25-104714
Chunk: 11

Company: Siddhi Acquisition Corp (Cayman Islands)
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 1
Chunk 11
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 less taxes payable, provided that such liability
will not apply to any claims by a third party or prospective target business who executed a waiver of any and all rights to the monies
held in the Trust Account (whether or not such waiver is enforceable) nor will it apply to any claims under the Company’s indemnity
of the underwriter of the Initial Public Offering against certain liabilities, including liabilities under the Securities Act of 1933,
as amended (the “Securities Act”). However, the Company has not asked the Sponsor to reserve for such indemnification obligations,
nor has the Company independently verified whether the Sponsor has sufficient funds to satisfy its indemnity obligations and the Company
believes that the Sponsor’s only assets are securities of the Company. Therefore, the Company cannot assure that the Sponsor would
be able to satisfy those obligations.

Liquidity and Capital Resources

The Company’s liquidity needs up to September
30, 2025 had been satisfied through the loan under an unsecured promissory note from the Sponsor of up to $300,000 (see Note 5), as well
as proceeds of the Initial Public Offering and private placement on April 2, 2025 . As of September 30, 2025, the Company had cash of
$759,129 and a working capital of $754,209.

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 September 30, 2025 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 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