Siddhi Acquisition Corp

SDHI: 10-Q · periodic report

Siddhi Acquisition Corp, a Nasdaq-listed SPAC (SDHI), reported second-quarter 2026 net income of $2,499,699, a sharp swing from a $5,605,852 net loss in the year-ago quarter, driven by $2,680,967 of interest earned on its trust account, with basic and diluted EPS of $0.07. The dominant disclosure is going-concern doubt: management states that the potential liquidity shortfall and mandatory liquidation raise substantial doubt about the company's ability to continue, because it must complete a business combination by January 2, 2027 (extendable by three months) or cease operations and liquidate — and it has not yet selected any target. Liquidity outside the trust is thin, with just $168,230 in cash and $238,716 of working capital at June 30, 2026 against $291,120,263 held in trust (a $10.55 redemption value per public share), leaving sponsor support or a deadline extension as the likely paths forward.

SEC 10-Q•2mo ago