Company: SDHIU
Filing Date: 2025-03-07
Form Type: S-1
Source: 0001213900-25-021782
Chunk: 34

Company: Siddhi Acquisition Corp (Cayman Islands)
Filing Date: 2025-03-07
Form: S-1
Chunk 34
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 approving the business combination transaction). As a result, in addition to our initial shareholders’ founder shares, we would need 7,350,001, or 36.75%, of the 20,000,000 public shares sold in this offering to be voted in favor of an initial business combination in order to have our initial business combination approved, all of our outstanding shares are present at the meeting, the over-allotment option is not exercised and the parties to the letter agreement do not acquire any Class A ordinary shares. Assuming that only the holders of one-half of our issued and outstanding ordinary shares, representing a quorum under our amended and restated memorandum and articles of association, vote their shares at a general meeting of the company, we would need 1,025,001, or 5.13%, of the 20,000,000 public shares sold in this offering to be voted in favor of an initial business combination in order to have our initial business combination approved. |
| Private placement units: |     | Our sponsor, Siddhi Sponsor LLC, has committed to purchase an aggregate of 300,000 units (or 315,000 units if the underwriter’s over-allotment option is exercised in full), at $10.00 per private unit for a total purchase price of $3,000,000 (or $3,150,000 if the underwriter’s over-allotment option is exercised in full)., in a private placement that will close simultaneously with the closing of this offering. The private placement units will be worthless if we do not complete our initial business combination. A portion of the purchase price of the private placement units will be added to the proceeds from this offering to be held in the trust account such that at the time of closing of this offering $201,000,000 (or $231,150,000 if the underwriter exercises their over-allotment option in full) will be held in the trust account. The private placement units will be identical to the units sold in this offering except that, so long as they are held by our sponsor or its permitted transferees, the private placement units (i) may not (including the Class A ordinary shares issuable upon exercise of these units), subject to certain limited exceptions, be transferred, assigned or sold by the holders until 30 days after the completion of our initial business combination and (ii) will be entitled to registration rights. If we do not complete our initial business combination within the completion window, the private placement units