Company: SDHIU
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001213900-25-104714
Chunk: 48

Company: Siddhi Acquisition Corp (Cayman Islands)
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 8
Chunk 48
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SIDDHI ACQUISITION CORP

NOTES TO CONDENSED FINANCIAL STATEMENTS

SEPTEMBER 30, 2025

(Unaudited)

NOTE 1. DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS

Siddhi Acquisition Corp (the “Company”)
is a blank check company incorporated as a Cayman Islands exempted corporation on July 5, 2024. The Company was incorporated for
the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business
combination with one or more businesses (the “Business Combination”). The Company has not selected any specific Business Combination
target.

All activity for the period from July 5,
2024 (inception) through September 30, 2025 relates to the Company’s formation, the initial public offering (the “Initial
Public Offering”), which occurred on April 2, 2025 (see below), and subsequent to the Initial Public Offering, identifying a target
company for a Business Combination. The Company will not generate any operating revenues until after the completion of its initial Business
Combination, at the earliest. The Company will generate non-operating income in the form of interest income on investments from the proceeds
derived from the Initial Public Offering. The Company has selected December 31 as its fiscal year end.

The Company’s sponsor is Siddhi Sponsor
LLC (the “Sponsor”). The registration statement for the Company’s Initial Public Offering was declared effective on
March 31, 2025. On April 2, 2025, the Company consummated the Initial Public Offering of 27,600,000 units at $10.00 per unit (the
“Units”), which includes the full exercise of the underwriter’s over-allotment option, which is discussed in Note 3.
Each Unit consists of one Class A ordinary share (the “Public Share”) and one right to receive one-tenth (1/10) of one
Class A ordinary share upon the consummation of an initial business combination (the “Public Right”).

Simultaneously with the closing of the Initial
Public Offering, the Company consummated the sale of an aggregate of 338,000 private placement units (the “Private Placement Units”)
to the Sponsor at a price of $10.00 per unit, generating gross proceeds of $3,380,000. Each Private Placement Unit consists of one Class
A