Siddhi Acquisition Corp (NASDAQ: SDHI) is a special purpose acquisition company (SPAC) incorporated in the Cayman Islands and headquartered in New York. The company was formed to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. Siddhi Acquisition Corp completed its upsized initial public offering in April 2025, raising $276 million (including the over-allotment option) to fund its search for a target company. As a pre-deal shell company, it does not currently have active business operations or generate operating revenue; its primary source of income is interest earned on the proceeds held in its trust account. While the SPAC is not restricted to a specific industry or geographic location, its management team—led by executives from growth equity firm Siddhi Holdings—intends to leverage its expertise to target high-growth private businesses. The company is particularly focused on identifying targets within the consumer brands, food and beverage, and food technology sectors that are well-positioned to benefit from major secular trends and transition to the public markets.
