Company: SDHIU
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001213900-25-073707
Chunk: 1

Company: Siddhi Acquisition Corp (Cayman Islands)
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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,600,000 and 0 shares subject to possible redemption as of June 30, 2025 and December 31, 2024, respectively 
     34  
     — 
  
    Class B ordinary shares, $0.0001 par value; 20,000,000 shares authorized; 6,900,000 shares issued and outstanding(1)(2) as of June 30, 2025 and December 31, 2024 
     690  
     690 
  
    Additional paid-in capital 
     —  
     24,310 
  
    Accumulated deficit 
     (15,614,718) 
     (64,917)
  
    TOTAL SHAREHOLDERS’ DEFICIT 
     (15,613,994) 
     (39,917)
  
    TOTAL LIABILITIES AND SHAREHOLDERS’ DEFICIT 
    $281,309,388  
    $343,383 

(1)As
of December 31, 2024, included up to 900,000 of the founder shares that might have been surrendered by the Sponsor for no consideration
depending on the extent to which the underwriter’s over-allotment were to be exercised (Note 5). On April 2, 2025, the Company
consummated the Initial Public Offering of 27,600,000 units at $10.00 per unit, which includes the full exercise of the underwriter’s
over-allotment option, hence the 900,000 founder shares are no longer subject to forfeiture.

(2)On
October 7, 2024, the Company, through a share recapitalization, issued the Sponsor an additional 1,437,500 Class B ordinary shares, as
a result of which the Sponsor held an aggregate of 7,187,500 Class B ordinary shares. On February 10, 2025, the Company, through a share
recapitalization, surrendered 1,437,500 Class B ordinary shares, as a result of which the Sponsor held an aggregate of 5,750,000 Class
B ordinary shares. On March 31, 2025, the Company, through a share recapitalization, issued the Sponsor an additional 1,150,000 Class
B ordinary shares, as a result of which the Sponsor holds an aggregate of 6,900,000 Class B ordinary