Company: SDHIU
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001213900-25-042070
Chunk: 129

Company: Siddhi Acquisition Corp (Cayman Islands)
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 129
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, 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 capitalization, 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 shares. All share and per-share data have been retrospectively presented. 

The accompanying notes are an integral part of
the unaudited condensed financial statements.

2

SIDDHI ACQUISITION CORP

CONDENSED STATEMENT OF CHANGES IN SHAREHOLDER’S
DEFICIT

THREE MONTHS ENDED MARCH 31, 2025

(UNAUDITED)

    Class B Ordinary Shares  
    Additional Paid-in  
    Accumulated  
    Total Shareholder’s 

    Shares  
    Amount  
    Capital  
    Deficit  
    Deficit 
  
    Balance – January 1, 2025 
     6,900,000  
    $690  
    $24,310  
    $(64,917) 
    $(39,917)

    Net loss 
     —  
     —  
     —  
     (43,850) 
     (43,850)

    Balance – March 31, 2025 
     6,900,000  
    $690  
    $24,310  
    $(108,767) 
    $(83,767)

(1)Includes up to 900,000 of the founder shares that may be surrendered by the Sponsor for no consideration depending on the extent to which