secwatch.observer — SEC 8-K summary
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Issuer:     Siddhi Acquisition Corp (Cayman Islands) (SDHI)
CIK:        0002034037
Form:       8-K
Filed at:   2025-04-08T23:59:59+00:00
Accession:  0001213900-25-029974
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2034037/000121390025029974/0001213900-25-029974-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2034037/000121390025029974/ea0237160-8k_siddhiacq.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-029974

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