Company: SDHIU
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001213900-25-073707
Chunk: 5

Company: Siddhi Acquisition Corp (Cayman Islands)
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 5
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, 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 and the Company has not, nor has anyone on its behalf, engaged in any substantive discussions, directly or indirectly, with any
Business Combination target with respect to an initial Business Combination with the Company.

As of June 30, 2025, the Company had not commenced
any operations. All activity for the period from July 5, 2024 (inception) through June 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 (1/10th)
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 ordinary share (each, a “Private Placement Share”) and one right entitling the holder thereof to receive