Company: SDHIU
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001213900-25-104714
Chunk: 58

Company: Siddhi Acquisition Corp (Cayman Islands)
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 8
Chunk 58
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 the Company’s condensed balance sheets. As of September 30, 2025,the
Class A ordinary shares subject to possible redemption reflected in the condensed balance sheets are reconciled in the following table:

    Gross proceeds 
    $276,000,000 
  
    Less: 

    Proceeds allocated to Public Rights 
     (4,084,800)
  
    Class A ordinary shares issuance cost 
     (8,916,563)
  
    Plus: 

    Accretion of carrying value to redemption value 
     14,381,363 
  
    Class A ordinary Shares subject to possible redemption, April 2, 2025 
     277,380,000 
  
    Plus: 

    Accretion of carrying value to redemption value 
     2,867,491 
  
    Class A ordinary Shares subject to possible redemption, June 30, 2025 
     280,247,491 
  
    Plus: 

    Accretion of carrying value to redemption value 
     2,996,664 
  
    Class A ordinary Shares subject to possible redemption, September 30, 2025 
    $283,244,155 

8

SIDDHI ACQUISITION CORP

NOTES TO CONDENSED FINANCIAL STATEMENTS

SEPTEMBER 30, 2025

(Unaudited)

Net Income (Loss) Per Ordinary Share

The Company complies with accounting and disclosure
requirements of FASB ASC Topic 260, “Earnings Per Share.” Income and losses are shared pro rata to the shares. Net income
(loss) per ordinary share is computed by dividing net income (loss) by the weighted average number of ordinary shares outstanding for
the period. Accretion associated with the redeemable ordinary shares is excluded from income (loss) per ordinary share as the redemption
value approximates fair value.

The calculation of diluted income (loss) per ordinary
share does not consider the effect of the Rights issued in connection with the (i) Initial Public Offering, (ii) the exercise of the over-allotment
option and (iii) Private Placement, since the average price of the ordinary shares for the three and nine months ended September 30, 2025
and for the period from July 5, 2024 (inception) through September 30, 2024 was less than the exercise price and therefore, the inclusion
of such Rights under the