Company: SDHIU
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001213900-25-042070
Chunk: 130

Company: Siddhi Acquisition Corp (Cayman Islands)
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 130
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 the underwriter’s over-allotment is exercised (Note 5). 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, hence the 900,000 founder shares are no longer subject to forfeiture.

(2)On October 7, 2024, the Company, through a share capitalization, issued
the Sponsor an additional 1,437,500 Class B ordinary shares, as a result of which the Sponsor held an aggregate of 7,187,500 Class B ordinary
shares. On February 10, 2025, the Company, through a share recapitalization, surrendered 1,437,500 Class B ordinary shares, as a result
of which the Sponsor held an aggregate of 5,750,000 Class B ordinary shares. On March 31, 2025, the Company, through a share recapitalization,
issued the Sponsor an additional 1,150,000 Class B ordinary shares, as a result of which the Sponsor holds an aggregate of 6,900,000 Class
B ordinary shares. All share and per-share data have been retrospectively presented.

The accompanying notes are an integral part of
the unaudited condensed financial statements.

3

SIDDHI ACQUISITION CORP

CONDENSED STATEMENT OF CASH FLOWS

THREE MONTHS ENDED MARCH 31, 2025

(UNAUDITED)

    Cash Flows from Operating Activities: 

    Net loss 
    $(43,850)
  
    Adjustments to reconcile net loss to net cash provided by operating activities: 

    Changes in operating assets and liabilities: 

    Accrued expenses 
     43,850 
  
    Net cash provided by operating activities 
     — 

    Cash Flows from Financing Activities: 

    Proceeds from promissory note - related party 
     45,000 
  
    Advance from Sponsor for Private Placement Units 
     3,150,000 
  
    Payment of offering costs 
     (38,735)
  
    Net cash provided by financing activities 
     3,156,265 

    Net change in cash 
     3,156,265 
  
    Cash, beginning of the period 
     578 
  
    Cash, end of