Company: SDHIU
Filing Date: 2025-03-07
Form Type: S-1
Source: 0001213900-25-021782
Chunk: 269

Company: Siddhi Acquisition Corp (Cayman Islands)
Filing Date: 2025-03-07
Form: S-1
Chunk 269
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 offering price for the units was determined by negotiations between us and the representative. The determination of our per unit offering price was more arbitrary than would typically be the case if we were an operating company. Among the factors considered in determining the initial public offering price were the history and prospects of companies whose principal business is the acquisition of other companies, prior offerings of those companies, our management, our capital structure, and currently prevailing general conditions in equity securities markets, including current market valuations of publicly traded companies considered comparable to our company. We cannot assure you, however, that the price at which the units, Class A ordinary shares or rights will sell in the public market after this offering will not be lower than the initial public offering price or that an active trading market in our units, Class A ordinary shares or rights will develop and continue after this offering. In connection with this offering, the underwriter may engage in stabilizing transactions, over -allotmenttransactions, syndicate covering transactions and penalty bids in accordance with Regulation M under the Exchange Act. •Stabilizing transactions permit bids to purchase the underlying security so long as the stabilizing bids do not exceed a specified maximum. •Over -allotmentinvolves sales by the underwriter of units in excess of the number of units the underwriter is obligated to purchase, which creates a syndicate short position. The short position may be either a covered short position or a naked short position. In a covered short position, the number of units over -allotted 167 by the underwriter is not greater than the number of units that they may purchase in the over -allotmentoption. In a naked short position, the number of units involved is greater than the number of units in the over -allotmentoption. The underwriter may close out any covered short position by either exercising their over -allotmentoption and/or purchasing units in the open market. •Syndicate covering transactions involve purchases of the units in the open market after the distribution has been completed in order to cover syndicate short positions. In determining the source of units to close out the short position, the underwriter will consider, among other things, the price of units available for purchase in the open market as compared to the price at which they may purchase units through the over -allotmentoption. If the underwriter sell more units than could be covered by the over -allotmentoption, a naked short position, the position can only be closed out by buying units in the open market. A