Siddhi Acquisition Corp closes $276M IPO and $3.38M private placement; trust funded with $277.38M

Siddhi Acquisition Corp (Cayman Islands)

IPO of 27.6M units at $10.00/each (including full over-allotment); gross proceeds $276M.
Private placement of 338,000 units to sponsor Siddhi Sponsor LLC; gross $3.38M.
$277.38M deposited in trust; per-share redemption value $10.05 as of April 2, 2025.
Balance sheet shows $278.85M total assets, $16.93M liabilities, and $277.38M temporary equity (Class A shares subject to redemption).
SPAC must complete initial business combination within 21 months (24 if definitive agreement signed by month 21) or liquidate.

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