Company: SDHIU
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001213900-25-073707
Chunk: 27

Company: Siddhi Acquisition Corp (Cayman Islands)
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 27
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 in active markets for identical assets or liabilities. An active market for an asset or liability is a market in which transactions for the asset or liability occur with sufficient frequency and volume to provide pricing information on an ongoing basis.

    Level 2:
    Observable inputs other than Level 1 inputs. Examples of Level 2 inputs include quoted prices in active markets for similar assets or liabilities and quoted prices for identical assets or liabilities in markets that are not active.

    Level 3:
    Unobservable inputs based on assessment of the assumptions that market participants would use in pricing the asset or liability.

The following table presents information about
the Company’s assets that are measured at fair value as of June 30, 2025 and December 31, 2024, and indicates the fair value hierarchy
of the valuation inputs the Company utilized to determine such fair value:

    June 30,  
    December 31, 

    Level  
    2025  
    2024 
  
    Assets: 

    Investments held in Trust Account 
    1  
    $280,247,491  
    $— 

The Public Rights have been classified within
shareholders’ deficit and will not require remeasurement after issuance. The Public Rights were classified within Level 3 of the
fair value hierarchy at the measurement dates due to the use of unobservable inputs inherent in assumptions related to the market adjustments
as noted below. The following table presents the quantitative information regarding market assumptions used in the valuation of the Public
Rights:

    April 2, 2025 
  
    Trade price of Unit 
    $10.03 
  
    Stock price 
    $9.88 
  
    Market adjustment(1) 
     15.0%
  
    Fair value per share right 
    $0.148 

(1)Market
adjustment reflects additional factors not fully captured by low volatility selection, which may include likelihood of business combination
occurring, market perception of lack of available or suitable targets, or possible post-acquisition decline of stock price prior to beginning
of the exercise period. The adjustment is determined by comparing traded warrant prices to simulated model outputs.

Public Rights are not remeasured subsequent to
the date of the initial recognition.

14

SIDDHI ACQUISITION CORP

NOTES TO CONDENSED FINANCIAL STATEMENTS

JUNE 30, 2025

(Unaudited)

NOTE 9 — SEGMENT INFORMATION

ASC