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.
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Emmis Acquisition Corporation (NASDAQ:EMISU) has filed for a $100 million SPAC to take a look at the manufacturing sector after a few unique wrinkles in their IPO process. Initial investors are set to receive one right to a 1/10 share in each unit purchased and the SPAC will have 18 months to complete a business...
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Terms Tracker for the Week Ending July 3, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. We’re heading into the July 4th holiday, so we’ll keep this week’s column short and to the point. But before you head to the beach,...