Company: SDHIU
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001213900-25-104714
Chunk: 131

Company: Siddhi Acquisition Corp (Cayman Islands)
Filing Date: 2025-10-31
Form: 10-Q
Item: Part II, Item 1
Chunk 131
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Item 1. Legal Proceedings

None

Item 1A. Risk Factors

Factors that could cause our actual results to
differ materially from those in this report include the risk factors described in our final prospectus for its Initial Public Offering
filed with the SEC. As of the date of this Report, there have been no material changes to the risk factors disclosed in our final prospectus
for its Initial Public Offering filed with the SEC.

Item 2. Unregistered Sales of Equity Securities
and Use of Proceeds.

On April 2, 2025, we consummated the Initial Public
Offering of 27,600,000 units at $10.00 per Unit, which includes the full exercise of the underwriter’s over-allotment option.
Santander acted as sole book-running manager of the Initial Public Offering. The securities in the offering were registered under the
Securities Act on registration statement on Form S-1 (No. 333-285648). The Securities and Exchange Commission declared the registration
statements effective on April 1, 2025.

Simultaneously with the closing of the Initial
Public Offering, the Company consummated the sale of an aggregate of 338,000 the Private Placement Units to the Sponsor at a price of
$10.00 per unit, generating gross proceeds of $3,380,000. Private Placement Units are identical to the Public Rights sold in the Initial
Public Offering except that, so long as they are held by the Sponsor or their permitted transferees, the Private Placement Units (i) may
not (including the Class A ordinary shares issuable upon exercise of these Private Placement Units), subject to certain limited exceptions,
be transferred, assigned or sold by the holders until 30 days after the completion of the initial Business Combination and (ii) will
be entitled to registration rights.

The Private Rights are identical to the rights
underlying the Units sold in the Initial Public Offering, except that the Private Rights are not transferable, assignable or salable until
after the completion of a Business Combination, subject to certain limited exceptions.

On April 2, 2025, the Company consummated the
Initial Public Offering of 27,600,000 units at $10.00 per unit, which includes the full exercise of the underwriter’s over-allotment
option. Each Unit consists of one Class A ordinary share and one right to receive one-tenth (1/