other material
confidence high
sentiment neutral
materiality 0.50
Siddhi Acquisition prices upsized $276M IPO; 27.6M units at $10, trust $277.38M
Siddhi Acquisition Corp (Cayman Islands)
- IPO of 27,600,000 units (including full over-allotment) at $10.00/unit, gross proceeds $276 million.
- Private placement of 338,000 units to Sponsor at $10 each; total trust account funded with $277.38 million.
- Units trade on Nasdaq under "SDHIU" starting April 1, 2025; separate trading of shares ("SDHI") and rights ("SDHIR") expected within 52 days.
- Santander US Capital Markets acted as sole book-running manager for the offering.