Company: SDHIU
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001213900-25-073707
Chunk: 4

Company: Siddhi Acquisition Corp (Cayman Islands)
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 4
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 SIX MONTHS ENDED JUNE 30, 2025

(UNAUDITED)

    Cash Flows from Operating Activities: 

    Net loss 
    $(5,649,702)
  
    Adjustments to reconcile net loss to net cash used in operating activities: 

    Interest earned on investments held in Trust Account 
     (2,867,491)
  
    Changes in operating assets and liabilities: 

    Prepaid expenses and other current assets 
     (121,324)
  
    Long Term prepaid insurance 
     (56,250)
  
    Accrued expenses 
     30,891 
  
    Advisory fee payable 
     8,280,000 
  
    Net cash used in operating activities 
     (383,876)

    Cash Flows from Investing Activities: 

    Investment of cash into Trust Account 
     (277,380,000)
  
    Net cash used in investing activities 
     (277,380,000)

    Cash Flows from Financing Activities: 

    Proceeds from sale of Units, net of underwriting discounts paid 
     275,750,000 
  
    Proceeds from sale of Private Placement Units 
     3,380,000 
  
    Proceeds from promissory note - related party 
     45,000 
  
    Repayment of promissory note - related party 
     (205,000)
  
    Payment of offering costs 
     (322,379)
  
    Net cash provided by financing activities 
     278,647,621 

    Net Change in Cash 
     883,745 
  
    Cash – Beginning of period 
     578 
  
    Cash – End of period 
    $884,323 

    Non-Cash investing and financing activities: 

    Offering costs included in accrued offering costs 
    $(138,300)
  
    Deferred underwriting fee payable 
    $8,280,000 

The accompanying notes are an integral part of
the unaudited condensed financial statements. 

4

SIDDHI ACQUISITION CORP

NOTES TO CONDENSED FINANCIAL STATEMENTS

JUNE 30, 2025

(Unaudited)

NOTE 1. DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS

Siddhi Acquisition Corp (the “Company”)
is a blank check company incorporated as a Cayman Islands exempted corporation on July 5