Company: SDHIU
Filing Date: 2025-03-07
Form Type: S-1
Source: 0001213900-25-021782
Chunk: 17

Company: Siddhi Acquisition Corp (Cayman Islands)
Filing Date: 2025-03-07
Form: S-1
Chunk 17
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 completed its business combination with Sarcos Corp. (“Sarcos”). Originally spun -outof the University of Utah in 1983, Sarcos (now known as Palladyne AI Corp) is a pioneer in the robotic systems industry with a focus on developing artificial intelligence and machine learning technologies to support third -partystationary and mobile robotics systems. Mr. Selig also served as an independent director to Tuscan Holdings Corp. (“Tuscan”) which raised $240 million in March 2019. In July 2021, Tuscan completed its business combination with Microvast, a provider of battery technologies for commercial and specialty electric vehicles. See “ Proposed Business— Prior SPAC Experience” for further information. 5 Business Strategy We intend to focus on well run, high growth businesses with tailwinds from secular growth trends. We are particularly interested in mission -drivenmanagement teams who are committed to addressing real market needs and who are finding voids in the market through personal experiences. We believe that those who can leverage passion will drive the greatest success. Our business strategy is to leverage the unique insights of our management team as well as its network of high -qualityrelationships across industries in which our management team has experience to source and execute a business combination with a prospective private company. These networks have been developed over decades and include a diverse mix of financial sponsors, private investors, financial advisors, investment bankers, attorneys, consultants, commercial bankers, accountants, institutional investors, and founders of high -growthcompanies in various industries. We believe we will be able to capitalize on, and leverage, our management team’s breadth of deal flow and decades of operations and manufacturing expertise, as well as its venture capital, private equity, merger and acquisition and public markets expertise, to significantly increase the likelihood that we will be able to locate and invest in, or enter into a business combination with, a private company that is a later stage, high -growthcompany that has proven its ability to take advantage of the major secular trends driving growth and that we believe to have a real ability to scale and meet mass -marketdemand. Over their careers, our management team has demonstrated a distinct combination of capabilities including: •A track record of identifying long -termsecular trends and developing proprietary deal flow to find and partner with companies capitalizing on these tailwinds. •Significant experience in sourcing, screening and identifying unique companies with industry leading management teams and defensible market positions that can create substantial value. •Extensive experience executing deals through