Siddhi Acquisition Corp. allows unit holders to trade shares and rights on Nasdaq.

Siddhi Acquisition Corp. announced that holders of units sold in its initial public offering can elect to trade the company's ordinary shares and rights separately starting June 4, 2025. Units will continue to trade under the symbol "SDHIU," while ordinary shares and rights will trade under "SDHI" and "SDHIR," respectively. Only whole rights will be issued, and brokers must contact Continental Stock Transfer & Trust Company to facilitate the separation.

Siddhi Acquisition Corp. (Nasdaq: SDHIU) has announced that starting June 4, 2025, holders of units sold in its initial public offering (IPO) will have the option to trade the company's ordinary shares and rights separately. This separation will allow investors to trade these securities independently under new symbols. The units will continue to trade under the symbol "SDHIU," while the ordinary shares and rights will trade under "SDHI" and "SDHIR," respectively.

According to the company's press release, only whole rights will be issued, and no fractional rights will be traded. To facilitate the separation of units, brokers must contact Continental Stock Transfer & Trust Company, the company's transfer agent. The IPO was conducted via a prospectus available through Santander US Capital Markets LLC, and the registration statement (333-285648) was effective as of March 31, 2025 [1].

This move allows investors to manage their portfolios more flexibly, as they can choose to trade either the ordinary shares or the rights separately, depending on their investment strategy. The company has stated that it will concentrate its efforts on identifying high-growth businesses positioned to take advantage of major secular trends in their industries [1].

This announcement follows a similar move by Digital Asset Acquisition Corp. (NASDAQ: DAAQU), which announced that holders of units from its IPO can begin trading Class A ordinary shares and warrants separately starting around June 2, 2025 [2].

Investors should be aware that this separation may result in increased transaction costs and potential market volatility. It is recommended that investors consult with their financial advisors before making any trading decisions.

References:
[1] https://finance.yahoo.com/news/siddhi-acquisition-corp-announces-separate-133000912.html
[2] https://www.stocktitan.net/news/DAAQU/digital-asset-acquisition-corp-announces-the-separate-trading-of-its-gz3k5w3av79u.html
[3] https://www.stocktitan.net/news/SDHIU/siddhi-acquisition-corp-announces-the-separate-trading-of-its-jd7osy57u7sn.html