Siddhi Acquisition Corp (SDHI) completed its IPO in April 2025, raising approximately $277 million, which it holds primarily in short-duration U.S. Treasury Bills within a Trust Account to finance a future business combination. Operating solely as a blank check company, Siddhi has no revenues and incurs net losses driven by administrative expenses partially offset by interest income. The company must complete a business combination by January 2, 2027 (subject to possible six-month extension) or liquidate. Capital allocation focuses on preserving the Trust Account principal for the transaction, while working capital needs are financed through cash on hand and potential sponsor loans.