Company: SDHIU
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001213900-25-042070
Chunk: 127

Company: Siddhi Acquisition Corp (Cayman Islands)
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 127
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Item 1. Interim Financial Statements.

SIDDHI ACQUISITION CORP

CONDENSED BALANCE SHEETS

    March 31,
2025  
    December 31, 

    (Unaudited)  
    2024 
  
    ASSETS 

    Current assets 

    Cash 
    $3,156,843  
    $578 
  
    Total current assets 
     3,156,843  
     578 
  
    Deferred offering costs 
     425,223  
     342,805 
  
    TOTAL ASSETS 
    $3,582,066  
    $343,383 

    LIABILITIES AND SHAREHOLDER’S DEFICIT 

    Current liabilities 

    Accrued expenses 
    $48,850  
    $5,000 
  
    Accrued offering costs 
     261,983  
     218,300 
  
    Advance from Sponsor for Private Placement Units 
     3,150,000  
     – 
  
    Promissory note - related party 
     205,000  
     160,000 
  
    TOTAL LIABILITIES 
     3,665,833  
     383,300 

    COMMITMENTS AND CONTINGENCIES (Note 6) 

    SHAREHOLDER’S DEFICIT 

    Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding 
     —  
     — 
  
    Class A ordinary shares, $0.0001 par value; 200,000,000 shares authorized; none issued or outstanding 
     —  
     — 
  
    Class B ordinary shares, $0.0001 par value; 20,000,000 shares authorized; 6,900,000 shares issued and outstanding(1)(2) as of March 31, 2025 and December 31, 2024 
     690  
     690 
  
    Additional paid-in capital 
     24,310  
     24,310 
  
    Accumulated deficit 
     (108,767) 
     (64,917)
  
    TOTAL SHAREHOLDER’S DEFICIT 
     (83,767) 
     (39,917)
  
    TOTAL LIABILITIES AND SHAREHOLDER’S DEFIC