Company: SDHIU
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001213900-25-073707
Chunk: 15

Company: Siddhi Acquisition Corp (Cayman Islands)
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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 reconciled in the following table:

    Gross proceeds 
    $276,000,000 
  
    Less: 

    Proceeds allocated to Public Rights 
     (4,084,800)
  
    Class A ordinary shares issuance cost 
     (8,916,563)
  
    Plus: 

    Accretion of carrying value to redemption value 
     14,381,363 
  
    Class A Ordinary Shares subject to possible redemption, April 2, 2025 
     277,380,000 
  
    Plus: 

    Accretion of carrying value to redemption value 
     2,867,491 
  
    Class A Ordinary Shares subject to possible redemption, June 30, 2025 
    $280,247,491 

8

SIDDHI ACQUISITION CORP

NOTES TO CONDENSED FINANCIAL STATEMENTS

JUNE 30, 2025

(Unaudited)

Net Loss Per Ordinary Share

The Company complies with accounting and disclosure
requirements of FASB ASC Topic 260, “Earnings Per Share.” Income and losses are shared pro rata to the shares. Net loss per
Ordinary Share is computed by dividing net loss by the weighted average number of Ordinary Shares outstanding for the period. Accretion
associated with the redeemable Ordinary Shares is excluded from loss per Ordinary Share as the redemption value approximates fair value.

The calculation of diluted loss per Ordinary Share
does not consider the effect of the Warrants issued in connection with the (i) Initial Public Offering, (ii) the exercise of the over-allotment
option and (iii) Private Placement, since the average price of the Ordinary Shares for the three and six months ended June 30, 2025 was
less than the exercise price and therefore, the inclusion of such Warrants under the Treasury stock method would be anti-dilutive and
the exercise is contingent upon the occurrence of future events. The Warrants are exercisable to purchase 27,938,000 Class A Ordinary
Shares in the aggregate. As a result, diluted net income per Ordinary Share is the same as basic net loss per Ordinary Share for the periods
presented.

The following table reflects the calculation of
basic and diluted net loss per Ordinary Share:

    For the Three  Months Ended  June 30, 2025  
    For the Six  Months Ended  June 30, 2025