Company: SDHIU
Filing Date: 2025-03-07
Form Type: S-1
Source: 0001213900-25-021782
Chunk: 155

Company: Siddhi Acquisition Corp (Cayman Islands)
Filing Date: 2025-03-07
Form: S-1
Chunk 155
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 in March 2019. In July 2021, Tuscan completed its business combination with Microvast, a provider of battery technologies for commercial and specialty electric vehicles. In connection with each of the foregoing SPACs, the following tables provides information about any extensions of time beyond the time provided in the applicable IPO prospectuses that were required to close a business combination and the aggregate redemption percentage at the close of the business combination:

| SPAC                                                 |     | Number of months     
 beyond original term 
 required to close a  
 business combination |     |  Aggregate 
 Redemption 
 Percentage |   |     |                              Closing Price on February 28, 
                                   2025 of post-transaction 
                                                    company |
|:-----------------------------------------------------|:----|:---------------------|:----|-----------:|:--|:----|-----------------------------------------------------------:|
| Rotor Acquisition Corp. (now Palladyne AI Corp.)     |     | 0 months             |     |       85.1 | % |     | $6.38 (after giving effect to 1-for-6 reverse stock split) |
| Tuscan Holdings Corp. (now Microvast Holdings, Inc.) |     | 8 months             |     |        0.4 | % |     |                                                      $1.63 |

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 -growth