Appleby Advises on Siddhi Acquisition Corp USD240M Initial Public Offering
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.
