Company: SDHIU
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001213900-25-104714
Chunk: 22

Company: Siddhi Acquisition Corp (Cayman Islands)
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 1
Chunk 22
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ative Support Fee

The Company entered into an agreement, commencing
on March 31, 2025, to pay a monthly technology, software, computer, systems, administrative support, secretarial services and infrastructure
fee of $15,000 to Siddhi Capital Holdings, until the earlier of an initial Business Combination or liquidation of the Company. For the
three and nine months ended September 30, 2025, the Company incurred $45,000 and $90,000 in fees for these services, of which $60,000
is included in accrued expenses in the accompanying condensed balance sheets. For the period from July 5, 2024 (inception) through September
30, 2024, the Company did not incur any fees for these services.

Consultant Services Agreement

A consulting firm affiliated with the Company’s
Chief Financial Officer provides accounting services to the Company. The consultant shall be paid a monthly fee of $3,500, commencing
on April 2, 2025 and a success fee should the Company complete an initial Business Combination of 40,000 shares. If the Company does not
complete an initial Business Combination, the success fee will not be due and payable. For the three and nine months ended September 30,
2025, the Company incurred $10,500 and $21,000 in fees for these services, respectiveky, of which $3,500 is included accrued expenses
in the accompanying condensed balance sheets.

Working Capital Loans

In order to finance transaction costs in connection
with a Business Combination, the Sponsor or an affiliate of the Sponsor or certain of the Company’s officers and directors may,
but are not obligated to, loan the Company funds as may be required (the “Working Capital Loans”). If the Company completes
a Business Combination, the Company would repay the Working Capital Loans. In the event that a Business Combination does not close, the
Company may use a portion of the working capital held outside the Trust Account to repay the Working Capital Loans but no proceeds from
the Trust Account would be used to repay the Working Capital Loans. Up to $1,500,000 of such Working Capital Loans may be convertible
into Private Placement Units of the post-Business Combination entity at a price of $10.00 per unit at the option of the lender. The units
would be identical to the Private Placement Units. As of September 30, 2025 and December 31, 2024, no such Working Capital Loans were
out