Company: SDHIU
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001213900-25-073707
Chunk: 16

Company: Siddhi Acquisition Corp (Cayman Islands)
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 16
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    Class A  
    Class B  
    Class A  
    Class B 

    Ordinary Shares  
    Ordinary Shares  
    Ordinary Shares  
    Ordinary Shares 
  
    Basic and diluted net loss per Ordinary Share 

    Numerator: 

    Allocation of net loss, as adjusted 
    $(4,475,058) 
    $(1,130,794) 
    $(3,767,722) 
    $(1,881,980)

    Denominator: 

    Basic and diluted weighted average Ordinary Shares outstanding 
     27,306,374  
     6,900,000  
     13,813,789  
     6,900,000 
  
    Basic and diluted net loss per Ordinary Share 
    $(0.16) 
    $(0.16) 
    $(0.27) 
    $(0.27)

Recent Accounting Pronouncements

Management does not believe that there are any
recently issued, but not effective, accounting standards, if currently adopted, would have a material effect on the Company’s financial
statement.

NOTE 3. PUBLIC OFFERING

Pursuant to the Initial Public Offering on April
2, 2025, the Company sold 27,600,000 Units, which includes the full exercise by the underwriter of its over-allotment option in the amount
of 3,600,000 Units, at a purchase price of $10.00 per Unit. Each Unit that the Company is offering has a price of $10.00 and consists
of one Class A ordinary share, and one right to receive one-tenth (1/10th) of one Class A ordinary share upon the consummation of an initial
business combination.

NOTE 4. PRIVATE PLACEMENT

Simultaneously with the closing of the Initial
Public Offering, the Sponsor purchased an aggregate of 338,000 Private Placement Units, at a price of $10.00 per unit, or $3,380,000 in
the aggregate in a private placement.

The Private Placement Units are identical to the
Public Rights sold in the Initial Public Offering except that, so long as they are held by the Sponsor or their permitted transferees,
the Private Placement Units (i) may not (including the Class A ordinary shares issuable upon exercise of these Private Placement
Units), subject to certain limited exceptions, be transferred, assigned or sold by the holders until 30