Siddhi Acquisition registered wit the SEC to offer 20 million units at $10 each. A unit consists of one share of our Class A common stock and one-third of one redeemable warrant; whole warrants exercisable at $11.50.
The new SPAC will look for targets in the food and beverage industry.
The SPAC is led by Chairman Brian Finn, who is also CEO and director of Rotor Acquisition Corp. Finn also served as chairman and CEO of Asset Management Finance and as a senior advisor to Credit Suisse.
The SPAC plans to apply for a NYSE listing under SDHI.U. Read more.
