Siddhi Acquisition Corp. Announces Pricing of Upsized $240 Million Initial Public Offering
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Siddhi Acquisition Corp. has priced an upsized initial public offering of 24 million units at $10.00 per unit, raising $240 million. The SPAC will list on Nasdaq under ticker SDHIU, with plans to pursue mergers or acquisitions in high-growth industries. Santander is serving as the sole book-running manager, with an option to purchase additional units.
March 31, 2025 | 11:30 pm
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POSITIVE IMPACT
Siddhi Acquisition's IPO adds another listing to Nasdaq's platform, potentially generating listing fees and trading volume.
The listing provides incremental revenue and trading volume for Nasdaq, though the impact is relatively modest.
CONFIDENCE 75
IMPORTANCE 40
RELEVANCE 50