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Loeb & Loeb represented Siddhi Acquisition Corp., a special purpose acquisition company (SPAC) backed by consumer and food technology-focused private investors, in its upsized $240 million initial public offering.
The company offered 24,000,000 units at $10.00 each. The units began trading on the Nasdaq Global Market under the ticker symbol “SDHIU” on April 1, 2025. Once the securities comprising the units began separate trading, the Class A ordinary shares and rights were listed on Nasdaq under the symbols “SDHI” and “SDHIR,” respectively. Siddhi Acquisition also granted the underwriter a 45-day option to purchase up to an additional 3,600,000 units at the initial public offering price to cover over-allotments, if any.
The Loeb team was led by Capital Markets partner Giovanni Caruso, and associate Norly Jean-Charles, Tax partner Shahrooz Shahnavaz and Corporate associate Simoné Hovsepian.
For more information, please see the company’s press release.
The company offered 24,000,000 units at $10.00 each. The units began trading on the Nasdaq Global Market under the ticker symbol “SDHIU” on April 1, 2025. Once the securities comprising the units began separate trading, the Class A ordinary shares and rights were listed on Nasdaq under the symbols “SDHI” and “SDHIR,” respectively. Siddhi Acquisition also granted the underwriter a 45-day option to purchase up to an additional 3,600,000 units at the initial public offering price to cover over-allotments, if any.
The Loeb team was led by Capital Markets partner Giovanni Caruso, and associate Norly Jean-Charles, Tax partner Shahrooz Shahnavaz and Corporate associate Simoné Hovsepian.
For more information, please see the company’s press release.
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