Company: SDHIU
Filing Date: 2025-03-07
Form Type: S-1
Source: 0001213900-25-021782
Chunk: 114

Company: Siddhi Acquisition Corp (Cayman Islands)
Filing Date: 2025-03-07
Form: S-1
Chunk 114
---
     | $ |        9.45 |

____________ (1)Total funds in trust available for initial business combination reduced by $0.30 per unit on all units sold ($6,000,000 in the aggregate or up to $6,900,000 in the aggregate if the underwriter’s over -allotmentoption is exercised in full) payable to the underwriter for deferred underwriting commissions and the 3.0% on the proceeds for the units sold, ($6,000,000 in the aggregate or up to $6,900,000 in the aggregate if the underwriter’s over -allotmentoption is exercised in full) advisory fee payable to Santander US Capital Markets LLC upon and subject to the closing of our initial business combination. (2)While the public shareholders’ investment is in both the public shares and the public rights, for purposes of this table the full investment amount is ascribed to the public shares only. (3)The total investment in the equity of the company by the sponsor is $3,025,000, consisting of (i) $25,000 paid by the sponsor for the founder shares and (ii) $3,000,000 paid by the sponsor for 300,000 private placement units. For purposes of this table, the full investment amount is ascribed to the founder shares only. (4)All founder shares would automatically convert into Class A ordinary shares upon completion of our initial business combination or earlier at the option of the holder. Based on these assumptions, each Class A ordinary share would have an implied value of $9.45 per share upon completion of our initial business combination, representing an approximately 21% increase from the initial implied value of $7.47 per public share. While the implied value of $9.45 per Class A ordinary share upon completion of our initial business combination would represent a dilution to our public shareholders, this would represent a significant increase in value for our sponsor relative to the price it paid for each founder share. At $10.00 per Class A ordinary share, the 5,000,000 Class A ordinary shares that the sponsor would own upon completion of our initial business combination (after automatic conversion of the 5,000,000 founder shares) would have an aggregate implied value of $50,000,000. As a result, even if the trading price of our Class A ordinary share significantly declines, the value of the founder shares held by our sponsor will be significantly greater than the amount our sponsor paid to