Siddhi Acquisition Corp Unit(SDHIU) - 2025 Q3 - Quarterly Report

Financial Performance - For the three months ended September 30, 2025, the company reported a net income of $2,842,367, primarily from interest earned on investments held in the Trust Account of $2,996,664, after deducting general and administrative costs of $154,297[110]. - For the nine months ended September 30, 2025, the company incurred a net loss of $2,807,335, with general and administrative costs amounting to $8,671,490, offset by interest income of $5,864,155 from investments held in the Trust Account[110]. Investments and Cash Position - As of September 30, 2025, the company had investments in the Trust Account totaling $283,244,155, which included approximately $5,864,155 of interest income[115]. - As of September 30, 2025, the company had cash of $759,129 outside the Trust Account, intended for identifying and evaluating target businesses and related due diligence[116]. Initial Public Offering - The company completed its Initial Public Offering on April 2, 2025, raising gross proceeds of $276,000,000 from the sale of 27,600,000 units at $10.00 per unit, including the full exercise of the underwriter's over-allotment option[112]. - The company incurred total offering costs of $9,056,885, which included a cash underwriting fee of $250,000 and a deferred underwriting fee of $8,280,000[113]. Debt and Financing - The company has no long-term debt or off-balance sheet arrangements as of September 30, 2025, and has a monthly fee obligation of $15,000 for administrative support services[119][120]. - The company does not anticipate needing to raise additional funds for operating expenditures but may require additional financing to complete a Business Combination or to address potential redemptions of Public Shares[118]. - The company may utilize up to $1,500,000 of Working Capital Loans, which may be convertible into Private Placement Units at the lender's option[117]. Revenue Generation - The company has not generated any operating revenues to date and does not expect to do so until after completing a Business Combination[109].