Company: SDHIU
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001213900-25-104714
Chunk: 53

Company: Siddhi Acquisition Corp (Cayman Islands)
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 8
Chunk 53
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 had been satisfied through the loan under an unsecured promissory note from the Sponsor of up to $300,000 (see Note 5), as well
as proceeds of the Initial Public Offering and private placement on April 2, 2025 . As of September 30, 2025, the Company had cash of
$759,129 and a working capital of $754,209.

In order to fund working capital deficiencies
or finance transaction costs in connection with a Business Combination, the Sponsor or an affiliate of the Sponsor, or certain of the
Company’s officers and directors may, but are not obligated to, loan the Company funds as may be required (“Working Capital
Loans”). If the Company completes a Business Combination, the Company would repay such loaned amounts at that time. Up to $1,500,000
of such Working Capital Loans may be converted into units of the post-Business Combination entity at a price of $10.00 per unit. The units
would be identical to the Private Placement Units. As of September 30, 2025 and December 31, 2024, the Company had no borrowings under
such Working Capital Loans.

In connection with the Company’s assessment
of going concern considerations in accordance with ASC 205-40, “Presentation of Financial Statements - Going Concern,” the
Company does not believe it will need to raise additional funds in order to meet the expenditures required for operating its business
within one year from the date of issuance of the unaudited condensed financial statements. However, if the estimate of the costs of identifying
a target business, undertaking in-depth due diligence and negotiating a Business Combination are less than the actual amount necessary
to do so, the Company may have insufficient funds available to operate its business prior to the initial Business Combination. Management
has determined that after the Initial Public Offering close on April 2, 2025, the Company has sufficient funds to finance the working
capital needs of the Company within one year from the date of issuance of the unaudited condensed financial statements.

6

SIDDHI ACQUISITION CORP

NOTES TO CONDENSED FINANCIAL STATEMENTS

SEPTEMBER 30, 2025

(Unaudited)

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The accompanying unaudited condensed financial
statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”)