Company: SDHIU
Filing Date: 2025-03-07
Form Type: S-1
Source: 0001213900-25-021782
Chunk: 295

Company: Siddhi Acquisition Corp (Cayman Islands)
Filing Date: 2025-03-07
Form: S-1
Chunk 295
---
 adversely affect the Company’s search for an initial Business Combination and any target business with which the Company may ultimately consummate an initial Business Combination. Registration Rights The holders of the founder shares, Private Placement Units and the Class A ordinary shares underlying such Private Placement Units and Private Placement Units that may be issued upon conversion of the Working Capital Loans will have registration rights to require the Company to register a sale of any of the Company’s securities held by them and any other securities of the Company acquired by them prior to the consummation of the initial Business Combination pursuant to a registration rights agreement to be signed prior to or on the effective date of the Proposed Public Offering. The holders of these securities are entitled to make up to three demands, excluding short form demands, that the Company registers such securities. In addition, the holders have certain piggyback registration rights with respect to registration statements filed subsequent to the completion of the initial Business Combination. The Company will bear the expenses incurred in connection with the filing of any such registration statements. Underwriter’s Agreement The underwriter has a 45 -dayoption from the date of the Proposed Public Offering to purchase up to an additional 3,000,000 units to cover over -allotments, if any. The underwriter will be entitled to a cash underwriting expenses of $250,000 payable to Santander US Capital Markets LLC (“Santander”) upon the closing of the Proposed Public Offering. Additionally, the underwriter will be entitled to a deferred underwriting discount of $0.30 per Unit, or $6,000,000 in the aggregate (or up to $6,900,000 in the aggregate if the underwriter’s over -allotmentoption is exercised in full). The deferred underwriting discount will become payable to the underwriter from the amounts held in the Trust Account solely in the event the Company completes its Initial Business Combination. In addition, Santander will be entitled to an advisory fee of 3% of gross proceeds (or $6,000,000 or up to $6,900,000 in the aggregate if the underwriter’s over -allotmentoption is exercised in full), upon and subject to the closing of the initial Business Combination. F-14 Siddhi Acquisition Corp
NOTES TO FINANCIAL STATEMENTS DECEMBER 31 , 2024 Note 7 — Shareholder’s Deficit Preference Shares— The Company is authorized to issue a total of 1,000,000 preference shares at par value of $0.0001 each