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Appleby Advises on Siddhi Acquisition Corp USD240M Initial Public Offering

Business 09 Apr, 2025 Follow News

Alexandra Low

Simon Raftopoulos

Appleby are pleased to have acted as Cayman Islands counsel for Siddhi Acquisition Corp (NASDAQ: SDHIU) (the Company), alongside Loeb & Loeb LLP, in its initial public offering (IPO) of 24,000,000 units. The IPO was priced at US$10.00 per unit. The units are listed on The Nasdaq Global Market (Nasdaq) and commenced trading under the ticker symbol “SDHIU” on April 1, 2025. The Company has granted the underwriter a 45-day option to purchase up to an additional 3,600,000 units at the IPO price to cover over-allotments, if any.

Each unit consists of one Class A ordinary share and one right entitling the holder thereof to receive one tenth of one Class A ordinary share upon the consummation of an initial business combination. The Class A ordinary shares and rights comprising the units are expected to begin separate trading no later than the 52nd day following 1 April, 2025. Upon the securities constituting the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols “SDHI” and “SDHIR,” respectively.

The Appleby corporate team included Partner Simon Raftopoulos and Counsel Alexandra Low.


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