Siddhi Acquisition Corp (Cayman Islands) reported net income of $2.24M for the first quarter of 2026, compared with a net loss of $(43.9)K in the year-ago quarter; diluted earnings per share were $0.06 for Q1 2026 versus $(0.01) in Q1 2025.
Financial Highlights
- Net income was $2.24M for Q1 2026, versus $(43.9)K in Q1 2025.
- Diluted EPS was $0.06 for Q1 2026 for Class A and B non-redeemable shares; $(0.01) for Q1 2025.
Business Highlights
- Formed as a Cayman Islands blank-check company, Siddhi Acquisition has not commenced operating business activities and is focused on completing an initial Business Combination.
- Proceeds from its IPO and related offerings are held in a Trust Account to finance target acquisitions; cash outside the trust is being used for deal sourcing, due diligence and related operating and platform service fees.
- The company completed its IPO, over-allotment and private unit sale and has begun incurring operating and due diligence costs, but has no operating revenues to date.
- Siddhi warns that it expects to generate revenue only after completing a Business Combination and may liquidate if a combination is not completed by Jan. 2, 2027.
Original SEC Filing:
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