Company: SDHIU
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001213900-25-104714
Chunk: 91

Company: Siddhi Acquisition Corp (Cayman Islands)
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 2
Chunk 91
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 whether as a result of new information,
future events or otherwise.

Overview

We are a blank check company incorporated in the
Cayman Islands on July 5, 2024 formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase,
reorganization or similar business combination with one or more businesses We intend to effectuate our Business Combination using cash
derived from the proceeds of the Initial Public Offering and the sale of the Private Placement Units, our shares, debt or a combination
of cash, shares and debt.

We expect to continue to incur significant costs
in the pursuit of our acquisition plans. We cannot provide assurance that our plans to complete a Business Combination will be successful.

Results of Operations

We have neither engaged in any operations nor
generated any revenues to date. Our only activities from July 5, 2024 (inception) through September 30, 2025 were organizational
activities, those necessary to prepare for the Initial Public Offering, described below, and identifying a target company for a Business
Combination. We do not expect to generate any operating revenues until after the completion of our Business Combination. We generate non-operating
income in the form of interest income on marketable securities held in the Trust Account. We incur expenses as a result of being a public
company (for legal, financial reporting, accounting and auditing compliance), as well as for due diligence expenses.

For the three months ended September 30, 2025,
we had a net income of $2,842,367, which consisted of interest earned on investments held in Trust Account of $2,996,664, offset by general
and administrative costs of $154,297.

For the nine months ended September 30, 2025,
we had a net loss of $2,807,335, which consisted of general and administrative costs of $8,671,490, offset by interest earned on investments
held in Trust Account of $5,864,155.

For the period from July 5, 2024 (inception) through September 30, 2024, we had a net loss of $45,056, which consisted of general and
administrative costs.

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Liquidity and Capital Resources

On April 2, 2025, we 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-all