Company: SDHIU
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001213900-25-104714
Chunk: 28

Company: Siddhi Acquisition Corp (Cayman Islands)
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 1
Chunk 28
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 ordinary share underlying each right upon consummation of the
Business Combination. No additional consideration will be required to be paid by a holder of rights in order to receive his, her or its
additional Class A ordinary shares upon consummation of an initial Business Combination. The Class A ordinary shares issuable upon conversion
of the rights will be freely tradable (except to the extent held by affiliates of the Company). If the Company enters into a definitive
agreement for a Business Combination in which it will not be the surviving entity, the definitive agreement will provide for the holders
of rights to receive the same consideration per ordinary share the holders of the Class A ordinary shares will receive in the transaction
on an as-converted into Class A ordinary shares basis.

The Company will not issue fractional Class A
ordinary shares in connection with an exchange of rights. Fractional shares will either be rounded down to the nearest whole share or
otherwise addressed in accordance with Cayman Islands law. As a result, the holder must hold rights in multiples of 10 in order to receive
Class A ordinary shares for all of their rights upon closing of a Business Combination. If the Company is unable to complete an initial
Business Combination within the required time period and the Company liquidates the funds held in the Trust Account, holders of rights
will not receive any of such funds with respect to their rights, nor will they receive any distribution from assets held outside of the
Trust Account with respect to such rights. Further, there are no contractual penalties for failure to deliver securities to the holders
of the rights upon consummation of an initial Business Combination. Additionally, in no event will the Company be required to cash settle
the rights. Accordingly, the rights may expire worthless.

13

SIDDHI ACQUISITION CORP

NOTES TO CONDENSED FINANCIAL STATEMENTS

SEPTEMBER 30, 2025

(Unaudited)

NOTE 8. FAIR VALUE MEASUREMENTS 

The fair value of the Company’s financial
assets and liabilities reflects management’s estimate of amounts that the Company would have received in connection with the sale
of the assets or paid in connection with the transfer of the liabilities in an orderly transaction between market participants at the
measurement date. In connection with measuring the fair value of its assets and liabilities, the Company seeks to maximize the use of
observable inputs (market data obtained from independent sources) and to minimize the use of unobservable inputs (internal assumptions
about how market participants would