For Q1 FY2026 ended March 31, 2026, Siddhi Acquisition Corp reported net income of $2,239,468, a significant increase of 5,207% year-over-year. Operating income was negative at -$218,386, worsening 398% from the prior year. The company had cash of $456,983 and negative equity of -$16,140,016.
•Net income surged to $2.24M from a very low base, up 5,207% YoY.
•Operating loss widened to -$218K, a 398% decline YoY.
•Cash stood at $457K, while equity was deeply negative at -$16.1M.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
Siddhi Acquisition focuses on effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was incorporated in 2024 and is based in New York, New York.
Siddhi Acquisition Corp. is a blank check company, also known as a special purpose acquisition company (SPAC), formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company does not have its own operations or revenue; instead, it raises capital through an initial public offering (IPO) to acquire or merge with an existing private company, thereby taking it public. As of now, Siddhi Acquisition has not announced a target business combination and is actively searching for a suitable candidate.
Where is Siddhi Acquisition Corp. (SDHI) listed and in which currency?
Siddhi Acquisition Corp. is listed on the Nasdaq Global Market (NasdaqGM) under the ticker symbol SDHI. Its securities trade in U.S. dollars (USD), which is the standard currency for stocks listed on U.S. exchanges. The company is headquartered in New York, New York, and its shares are available for trading to investors through brokerage accounts that have access to the Nasdaq exchange.
What sector and industry does Siddhi Acquisition Corp. (SDHI) belong to?
Siddhi Acquisition Corp. operates in the Financial Services sector and is classified under the Shell Companies industry. Shell companies are entities that have no significant business operations or assets, often created for the purpose of raising funds through an IPO to acquire or merge with another business. In this case, Siddhi Acquisition is a SPAC, which is a type of shell company specifically designed to facilitate a business combination. The company's primary activity is identifying and acquiring a private company, rather than conducting ongoing commercial operations.
Where is Siddhi Acquisition Corp. (SDHI) headquartered and when was it incorporated?
Siddhi Acquisition Corp. is based in New York, New York, United States. The company was incorporated in 2024, making it a relatively new entity. As a SPAC, its headquarters serves as the administrative base for its management team, which is responsible for evaluating potential acquisition targets. The incorporation in 2024 indicates that the company has recently been formed and is in the early stages of its lifecycle, likely having completed its IPO or currently in the process of raising capital to fund a future business combination.
What is the business model of Siddhi Acquisition Corp. (SDHI)?
Siddhi Acquisition Corp. operates as a blank check company, meaning its business model is centered on raising capital through an IPO and then using those funds to acquire or merge with one or more private businesses. The company does not generate revenue from operations; instead, it holds the proceeds from its IPO in a trust account until a target is identified. Once a business combination is completed, the company's shareholders typically vote on the acquisition, and if approved, the target company becomes a publicly traded entity. Siddhi Acquisition's management team focuses on identifying a promising business in an unspecified industry, as the company's description does not limit its search to a particular sector.