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Company

Siddhi Acquisition Corp (Cayman Islands)

Ticker
SDHI
Sector
Industry
Report date
November 7, 2026
Valye AI Score

71

High visibility
Recent developments
Recent developments summary

No recent news coverage is available for Siddhi Acquisition Corp. The latest SEC filings provide the primary source of information on the company's status and financials.

Recent developments:
  • The company filed its latest 10-Q for the quarter ended September 30, 2026, reporting current assets of $93,924 and current liabilities of $309,844, resulting in a current ratio of 0.3 and cash ratio of 0 [S2].
  • Net income of $2,282,063 was reported for the quarter ended September 30, 2026, with basic and diluted EPS of -$0.16 as of June 30, 2025 [S2].
  • The company maintains effective internal control over financial reporting as of December 31, 2025 [S1].
  • No material changes to risk factors were reported in the latest 10-Q filing [S2].
Overview

Siddhi Acquisition Corp is a special purpose acquisition company (SPAC) incorporated in the Cayman Islands in mid-2024. Its business model centers on identifying and completing a Business Combination with one or more target companies using funds raised through its IPO and Private Placement. The company holds the majority of its capital in a Trust Account invested in short-term U.S. Treasury Bills. It has not commenced operations or generated revenues and incurs expenses related to its public company status and acquisition activities. The company faces a mandatory liquidation deadline if a Business Combination is not completed by early 2027, with management noting substantial doubt about its ability to continue as a going concern. The company has no long-term debt but has ongoing monthly fee obligations to an affiliated entity until a Business Combination or liquidation occurs.

Executive summary

Siddhi Acquisition Corp is a Cayman Islands-incorporated blank check company formed in July 2024 to pursue a Business Combination using proceeds from its IPO and Private Placement. The company has not generated operating revenues and incurs costs related to its public status and acquisition efforts. As of late 2025 and 2026 filings, it holds substantial funds in a Trust Account designated for the Business Combination and reports liquidity constraints outside the Trust Account. Management has expressed substantial doubt about going concern due to liquidity and mandatory liquidation timelines. The company maintains effective internal controls and is governed by experienced leadership. Financial figures (if any) are summarized from the latest available SEC filings and are provided for informational purposes only — not financial advice.

Scenarios for SDHI

Bull case model:

The company has raised significant capital through its IPO and Private Placement, held securely in a Trust Account, providing financial resources to pursue acquisition opportunities. The experienced management and board bring expertise in investment and corporate development, which may facilitate identifying suitable target businesses. The company maintains effective internal controls and has disclosed its financial position transparently through SEC filings.

Bear case model:

The company has not generated operating revenues and faces liquidity constraints outside the Trust Account, with a current ratio of 0.3 as of September 2026. There is substantial doubt about its ability to continue as a going concern due to potential liquidity shortfalls and the mandatory liquidation deadline in early 2027 if a Business Combination is not completed. The company depends on uncertain financing arrangements and must manage ongoing expenses without operational cash flow.

Moat:

As a blank check company, Siddhi Acquisition Corp's moat is primarily its capital pool held in trust and its ability to identify and consummate a Business Combination. Its competitive advantage depends on the management team's experience and network to source and execute acquisitions. The company does not have operating assets or revenues and relies on its financial resources and governance to pursue its acquisition strategy.

Risks overview
Risks summary
The primary risk is the company's ability to complete a Business Combination before the mandatory liquidation deadline, compounded by liquidity constraints and uncertainty about securing additional financing.
Risks details:

• Business Combination Risk: The company may not successfully identify or complete a Business Combination, which is critical to its business model and future operations [S1].
• Liquidity Risk: Liquidity outside the Trust Account is limited, with a current ratio of 0.3 as of September 30, 2026, raising concerns about the company's ability to fund operations and expenses [S2].
• Going Concern Risk: Management has expressed substantial doubt about the company's ability to continue as a going concern due to liquidity shortfalls and mandatory liquidation timelines [S1].
• Financing Risk: The company may rely on Working Capital Loans from the Sponsor or affiliates, but there is no certainty such financing will be available [S1].
• Regulatory and Compliance Risk: As a public company, Siddhi Acquisition Corp incurs ongoing costs and must maintain effective internal controls and disclosure controls [S1].
• Mandatory Liquidation Risk: If the company does not complete a Business Combination by January 2, 2027 (unless extended), it must cease operations and liquidate [S1].

FINAL FORECAST FOR SDHI

Final take one line
Siddhi Acquisition Corp is a Cayman Islands SPAC with detailed SEC disclosures, facing liquidity and going concern risks while pursuing a Business Combination before a mandatory liquidation deadline.
Final take 12 to 24 month view

Business trends: The company continues to hold IPO proceeds in trust and incurs costs related to acquisition efforts without operating revenues.
Execution milestones: Completion of a Business Combination before the January 2, 2027 deadline is critical to avoid liquidation.
Key risks: Liquidity constraints, uncertainty of financing, and the risk of failing to consummate a Business Combination pose significant challenges.

Valye AI Visibility Research Score

High visibility

Visibility score reflects the breadth and consistency of available disclosure across SEC filings, recent public reporting, and baseline business context (research-only; not investment advice).

71
LLM visibility overview
LLM Visibility known facts
  • Siddhi Acquisition Corp is a blank check company incorporated in the Cayman Islands on July 5, 2024, formed to effect a Business Combination with one or more businesses [S1].
  • The company completed its Initial Public Offering (IPO) on April 2, 2025, issuing 27,600,000 units at $10.00 per unit, including full exercise of the underwriter's over-allotment option, and sold 338,000 Private Placement Units to the Sponsor at $10.00 per unit, generating gross proceeds of $3,380,000 [S1].
  • Following the IPO and Private Placement, $277,380,000 was placed in a Trust Account to be used for the Business Combination [S1].
  • The company has not engaged in any operations or generated revenues to date and expects no operating revenues until after completing a Business Combination [S1].
  • The company incurs costs related to being public and due diligence expenses in pursuit of its acquisition plans [S1].
  • For the year ended December 31, 2025, the company reported a net loss of $223,387, which includes operating costs of $8,824,829 offset by interest income of $8,601,442 from marketable securities held in the Trust Account [S1].
  • As of December 31, 2025, the company held investments in the Trust Account totaling $285,981,442, consisting of U.S. Treasury Bills with maturities of 185 days or less [S1].
  • As of December 31, 2025, the company had cash of $664,894 outside the Trust Account, intended for identifying and evaluating target businesses and related expenses [S1].
  • The company may receive Working Capital Loans from the Sponsor or affiliates to fund working capital deficiencies or transaction costs, but there is no certainty of securing such financing [S1].
  • If the company does not complete a Business Combination by January 2, 2027 (unless extended), it will cease operations except for liquidation purposes [S1].
  • Management has determined there is substantial doubt about the company's ability to continue as a going concern due to potential liquidity shortfall and mandatory liquidation [S1].
  • The company has no long-term debt or capital lease obligations but has a monthly fee obligation of $15,000 to Siddhi Capital Holdings until the earlier of a Business Combination or liquidation [S1].
  • As of September 30, 2026, the company reported current assets of $93,924 and current liabilities of $309,844, resulting in a current ratio of 0.3 and a cash ratio of 0, indicating liquidity constraints [S2].
  • The company reported net income of $2,282,063 for the quarter ended September 30, 2026, and basic and diluted EPS of -$0.16 as of June 30, 2025 [S2].
  • The company maintains effective internal control over financial reporting as of December 31, 2025 [S1].
  • The board of directors and executive officers include experienced professionals with backgrounds in investment, corporate development, and finance [S1].
Sources
Sources - Context summary

Generated 2026-11-08

Sources - Earning calls
Sources - Other context
Sources - SEC Filings
  • S1 | 2026-03-16 | 10-K
  • S2 | 2026-11-05 | 10-Q
Sources - News headlines
Important legal disclaimer

This material is for informational purposes only and does not constitute investment, financial, legal or tax advice, or an offer or solicitation to buy or sell any security. The Valye AI Score is a model-based estimate derived from public information and is subject to change without notice. No representation or warranty, express or implied, is made as to the accuracy, completeness or fairness of the information herein. Past performance is not indicative of future results. Investors should conduct their own research and consult a qualified financial adviser before making any investment decisions.

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