Company: SDHIU
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001213900-25-104714
Chunk: 14

Company: Siddhi Acquisition Corp (Cayman Islands)
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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 Company considers all short-term investments
with an original maturity of three months or less when purchased to be cash equivalents. The Company had $759,129 and $578 in cash and
no cash equivalents as of September 30, 2025 and December 31, 2024, respectively.

Investments Held in Trust Account

As of September 30, 2025, the assets held in the
Trust Account, amounting to $283,244,155, were held in U.S. Treasury Bills. The Company accounts for its investments held in the Trust
Account as trading securities under ASC 320, “Investments—Debt and Equity Securities,” where securities are presented
at fair value in the accompanying condensed balance sheets. Unrealized gains and losses resulting from the change in fair value of investments
held in the Trust Account are recorded as interest earned on investments held in the Trust Account in the Company’s condensed statement
of operations.

Concentration of Credit Risk

Financial instruments that potentially subject
the Company to concentrations of credit risk consist of a cash account in a financial institution, which, at times, may exceed the Federal
Deposit Insurance Corporation coverage limit of $250,000. Any loss incurred or a lack of access to such funds could have a significant
adverse impact on the Company’s financial condition, results of operations, and cash flows. 

7

SIDDHI ACQUISITION CORP

NOTES TO CONDENSED FINANCIAL STATEMENTS

SEPTEMBER 30, 2025

(Unaudited)

Offering Costs

The Company complies with the requirements of
the ASC 340-10-S99 and SEC Staff Accounting Bulletin Topic 5A, “Expenses of Offering.” Deferred offering costs
consist principally of professional and registration fees that are related to the Initial Public Offering. FASB ASC 470-20, “Debt
with Conversion and Other Options,” addresses the allocation of proceeds from the issuance of convertible debt into its equity and
debt components. The Company applies this guidance to allocate Initial Public Offering proceeds from the Units between Class A
ordinary shares and rights, using the residual method by allocating Initial Public Offering proceeds first to assigned value of the rights
and then to the Class A ordinary shares. Offering costs allocated to the Public Shares were charged to temporary equity, and offering
costs allocated to the Public Rights and Private Placement Units were charged to shareholders’ deficit based on the equity classification
of the underlying financial instruments