Siddhi Acquisition Corp. (NASDAQ:SDHIU) announced the pricing of its upsized $240 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “SDHIU”, Tuesday, April 1, 2025.
The new SPAC plans to mount a broad search for a target company leveraging its internal network of relationships.
Siddhi is to be led by Chairman Brian D. Finn, Chief Executive Officer Sam Porter and Chief Financial Officer Mike Rollins. In addition, the Board of Directors includes Alan H. Howard, Jessica Hoffman Brennan and Matthew Shigenobu Muta.
Total SPAC deal count for 2025 year-to-date is now 20. This offering is expected to close on Wednesday, April 2, 2025.
Santander is acting as sole book-running manager for the offering. Loeb & Loeb LLP is serving as Issuer’s Counsel with Skadden, Arps, Slate, Meagher & Flom LLP serving as Underwriter’s Counsel. WithumSmith+Brown PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
Terms Tracker for the Week Ending April 18, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. Six new SPACs filed to IPO this week. That’s not a typo. Six. Plus, another 13 amended S-1/A were filed. The total number of SPACs...
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