Siddhi Acquisition Corp.

What they do

Siddhi Acquisition Corp is a Cayman Islands exempted company formed solely to effect a merger, share exchange, asset acquisition, or similar business combination with one or more targets. It has not yet selected a target. The company holds IPO and private placement proceeds in a trust account until a business combination is completed or redemption occurs.

Revenue drivers

• Trust Account Interest Income — Non-operating interest income on marketable securities held in the trust account; for the six months ended June 30, 2026, this was $5.14 million.

Recent performance

For the six months ended June 30, 2026, the company reported net income of $4.74 million, driven solely by trust account interest income of $5.14 million, offset by general and administrative costs of $0.40 million. For the full year 2025, the company had a net loss of $223,387 and operating cash flow of -$603,305. As of June 30, 2026, total assets were $291.4 million, total liabilities $16.6 million, and shareholder equity was -$16.3 million. Cash and equivalents were only $168,230, with the vast majority of assets held in trust.

Strategy

The company intends to use the trust account proceeds, its shares, debt, or a combination to complete a business combination with one or more high-growth businesses, leveraging management's investment and board experience. Management has evaluated several opportunities but has not selected a target. The Chairman, Brian Finn, brings over 40 years of investment experience, which may help source and evaluate targets.

Risks

• No target identified — The company has not selected any business combination target, and there is no assurance its plans will succeed.
• Limited operating history — The company was incorporated in July 2024 and has no operating revenues, relying solely on trust interest income.
• Completion deadline pressure — If the company fails to complete a business combination within the required window, public shareholders may force redemption, and the trust funds will be returned.
• Negative book value — As of June 30, 2026, shareholder equity was -$16.3 million, indicating liabilities exceed tangible assets outside the trust.

Outlook

Management expects to continue incurring significant costs in pursuit of a business combination. There is no expected operating revenue until after a combination is completed. The company cannot assure that any transaction will be completed.