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AI brief of an SEC Form 8-K · Siddhi Acquisition Corp (Cayman Islands) (SDHI)

Siddhi Acquisition Corp closes $276 million IPO of 27.6 million units

Neutral Impact 4 of 5 financing Written later

Siddhi Acquisition Corp, a Cayman Islands blank check company, completed its initial public offering on April 2, 2025, selling 27,600,000 units at $10.00 each, including the over-allotment exercised in full. The filing states that $277,380,000 from the IPO and a private placement of units to the sponsor was placed in a U.S.-based trust account, with funds generally not released until a business combination is completed or public shares are redeemed.

Key points

  • IPO closed April 2, 2025: 27,600,000 units at $10.00 per unit, gross proceeds of $276,000,000
  • Each unit consists of one Class A ordinary share and one right to receive one-tenth of a Class A ordinary share
  • Private placement of 338,000 units sold to the sponsor at $10.00 per unit, closed alongside the IPO
  • $277,380,000 placed in trust account maintained by Continental Stock Transfer & Trust Company

The filing

CompanySiddhi Acquisition Corp (Cayman Islands) (SDHI)
Form8-K, current report
Filed with the SECApr 3, 2025, 4:10 PM ET
Accession number0001213900-25-028614

Items reported: 1.01 Material Definitive Agreement3.02 Unregistered Equity Sale5.03 Bylaw / Charter Amendment8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:46 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 03, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.