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

Siddhi Acquisition Corp completes $276 million IPO; $277.4 million placed in trust

Neutral Impact 3 of 5 financing Written later

Siddhi Acquisition Corp, a blank check company, closed its initial public offering of 27.6 million units at $10.00 each, including the full exercise of the underwriters' over-allotment option, for $276 million in gross proceeds. The filing says $277.38 million, or $10.05 per unit, was deposited in a trust account for public shareholders, and the company has not yet selected a business combination target.

Key points

  • 27,600,000 units sold at $10.00 per unit, including 3,600,000 units from the full over-allotment exercise, for $276,000,000 in gross proceeds; closed April 2, 2025
  • Sponsor Siddhi Sponsor LLC bought 338,000 private placement units at $10.00 each, for $3,380,000 in gross proceeds
  • $277,380,000 ($10.05 per unit) was deposited in the trust account as of April 2, 2025
  • The company has not selected a target and has 21 months from the IPO closing to complete a business combination, or 24 months if a definitive agreement is signed within 21 months

The filing

CompanySiddhi Acquisition Corp (Cayman Islands) (SDHI)
Form8-K, current report
Filed with the SECApr 8, 2025, 5:00 PM ET
Accession number0001213900-25-029974

Items reported: 8.01 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 08, 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.