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.
Magnetar Financial LLC, together with Magnetar Capital Partners LP, Supernova Management LLC and David J. Snyderman, filed a Schedule 13G reporting passive ownership of 1,750,000 Class A ordinary shares of Siddhi Acquisition Corp. ("SDHIU") as of 30 Jun 2025. The stake equals 6.26 % of the issuer’s ~27.94 million shares outstanding, crossing the 5 % reporting threshold.
The position is entirely shared; the filers report 0 sole voting or dispositive power and 1,750,000 shared voting/dispositive power. Holdings are spread across eight Magnetar-managed funds, with the largest allocation (385,000 shares) in Constellation Master Fund. All reporting entities are organized in Delaware, and Snyderman is a U.S. citizen.
The certification states the shares were acquired in the ordinary course, not to influence control, qualifying the filing under Rule 13d-1(b). No additional transactions, financing terms or control intentions are disclosed.