Siddhi Acquisition Corp (Cayman Islands) (SDHIU) SEC Filings

Siddhi Acquisition Corp, a blank check company, reported net income of $2,239,468 for the quarter ended March 31, 2026, driven entirely by $2,457,854 of interest on U.S. Treasury investments in its Trust Account. General and administrative costs were $218,386, reflecting ongoing public-company and deal-search expenses.

The Trust Account held $288,439,296, backing 27,600,000 Class A shares subject to redemption at $10.45 per share, while cash outside the trust was $456,983 and working capital was $419,984. Management discloses that if no business combination is completed by January 2, 2027 (with a possible three‑month extension), the company must liquidate, and explicitly states that this mandatory liquidation timeline and potential liquidity shortfall raise substantial doubt about its ability to continue as a going concern.

Siddhi Acquisition Corp (SDHI) is a Cayman Islands-based blank check company formed in July 2024 to complete a merger or similar business combination and has not yet selected a target. On April 2, 2025, it completed an IPO of 27,600,000 units at $10.00 per unit, raising $276,000,000, and a simultaneous private placement of 338,000 units for $3,380,000. A total of $277,380,000 of net proceeds was placed into a trust account at JP Morgan, which grew to $285,981,442 as of December 31, 2025, including $8,601,442 of interest income invested in short-term U.S. Treasury Bills.

For 2025, Siddhi reported a net loss of $223,387, driven by $8,824,829 of operating costs, largely offset by trust interest. Cash held outside the trust was $664,894, while IPO-related offering costs totaled $9,056,885. The company notes substantial doubt about its ability to continue as a going concern because it must complete a business combination by January 2, 2027 (with a possible 6‑month extension) or liquidate and return funds to public shareholders. As of March 16, 2026, there were 27,938,000 Class A and 6,900,000 Class B ordinary shares outstanding, with the sponsor owning 6,900,000 Class B shares. Management and advisors bring extensive prior SPAC, investment banking, and consumer/food-tech experience, and the strategy focuses on high-growth, mission-driven businesses benefiting from secular trends.

Healthcare of Ontario Pension Plan Trust Fund (HOOPP) reported beneficial ownership of 775,000 Class A ordinary shares of Siddhi Acquisition Corp, representing 2.8% of the class. HOOPP has sole voting and dispositive power over these shares, which are ordinary shares with a $0.0001 par value.

The ownership percentage is based on 27,938,000 Class A shares outstanding as of October 31, 2025, as disclosed in Siddhi Acquisition Corp’s Form 10-Q for the quarter ended September 30, 2025. HOOPP states the shares were acquired and are held in the ordinary course of business and not for the purpose of influencing control of the company.

Bank of Montreal and its affiliates report that they beneficially own 0 Class A Ordinary Shares of Siddhi Acquisition Corp, representing 0% of that share class. The Schedule 13G/A (Amendment No. 1) lists Bank of Montreal, Bank of Montreal Holding Inc., and BMO Nesbitt Burns Inc. as Canadian reporting persons.

Each entity reports no sole or shared voting or dispositive power over Siddhi’s Class A Ordinary Shares and confirms ownership of 5 percent or less of the class. The filing states the securities were acquired and are held in the ordinary course of business and not for the purpose of influencing control of the issuer.

Sculptor-related entities report beneficial ownership of 1,500,000 units in Siddhi Acquisition Corp, representing 5.37% of the Class A ordinary shares. The Schedule 13G/A lists multiple reporting persons affiliated with Sculptor (Sculptor Capital LP; Sculptor Capital II LP; Sculptor Capital Holding Corp; Sculptor Capital Holding II LLC; Sculptor Capital Management, Inc.; Sculptor Master Fund, Ltd.; Sculptor Special Funding, LP) and states that the units/ordinary shares are held in accounts managed by Sculptor and Sculptor-II. The percentage is calculated using 27,938,000 Class A ordinary shares as reported in the issuer's 10-K. All reported shares reflect shared voting and dispositive power of 1,500,000 and sole powers of zero.

First Trust entities report beneficial ownership of 1,703,109 Class A Ordinary Shares of Siddhi Acquisition Corp, representing 6.10% of the outstanding Class A shares. The filing lists First Trust Capital Management L.P., First Trust Capital Solutions L.P. and FTCS Sub GP LLC as the reporting persons and shows they have sole voting and sole dispositive power over those shares.

The statement specifies the shares are held for client accounts in the ordinary course of business and were not acquired for the purpose of changing or influencing control, consistent with a passive Schedule 13G disclosure.

Aristeia Capital, L.L.C. reports beneficial ownership of 1,650,000 Class A ordinary shares of Siddhi Acquisition Corp, equal to approximately 5.91% of the outstanding shares based on 27,938,000 shares outstanding as of June 30, 2025 (CUSIP G8118C124).

The filing discloses that the Reporting Person has sole voting and dispositive power over these 1,650,000 shares and includes a certification that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Tenor Capital Management, Tenor Opportunity Master Fund and Robin Shah report beneficial ownership of 1,374,599 Units of Siddhi Acquisition Corp Unit. Those Units consist of one Class A ordinary share and one-half of a redeemable warrant per Unit, and based on the issuer's 10-Q showing 27,600,000 Units outstanding, the reported position represents 4.9% of the class. The Units are held directly by the Master Fund, Tenor Capital serves as its investment manager, and Robin Shah is the managing member of Tenor's general partner, resulting in shared voting and dispositive power over the reported Units. The filing states the holdings were not acquired to change or influence control of the issuer.

Siddhi Acquisition Corp is a blank-check company formed to complete a business combination. The company completed an initial public offering and sold private placement units to its Sponsor, depositing a total of $280,247,491 into a Trust Account invested in U.S. Treasury bills to fund a future merger or acquisition. The Trust proceeds are presented as Class A ordinary shares subject to possible redemption at roughly $10.15 per share.

The company reported a six-month net loss of $5,649,702, driven by operating costs including a recorded advisory fee and a deferred underwriting fee of $8,280,000 each, partially offset by $2,867,491 of interest income earned on the Trust. Cash outside the Trust was $884,323 with working capital of $889,756. Management has not commenced operating activities and has not selected a target for a business combination.