Shreya Acquisition Group, organized as a special purpose acquisition company in the Cayman Islands, priced its initial public offering at $10.00 per unit on May 6, 2026, selling 10,000,000 units and raising $100 million.
Each unit issued in the offering comprises one Class A ordinary share, one redeemable warrant and one right to receive one-fourth of one Class A ordinary share upon the closing of a business combination. The attached warrants permit holders to buy Class A ordinary shares at a price of $11.50 per share.
The units are scheduled to begin trading on the New York Stock Exchange under the ticker symbol "SAGUU" on May 7, 2026. After the units begin trading separately, the Class A ordinary shares, the warrants and the rights will trade under the symbols "SAGU," "SAGUW" and "SAGUR," respectively.
D. Boral Capital, LLC acted as the sole book-running manager for the offering. As part of the underwriting arrangements, the company granted the underwriter a 45-day option to purchase up to 1,500,000 additional units to cover any over-allotments. The offering is expected to close on May 8, 2026.
The Securities and Exchange Commission declared the registration statement effective on May 6, 2026. According to the company, Shreya Acquisition Group intends to focus its search for a business combination on companies operating in health and wellness, hospitality, media and entertainment, shipping infrastructure and waterways tourism.
Summary of key transactional facts:
- Offering price: $10.00 per unit.
- Units sold: 10,000,000, generating gross proceeds of $100 million.
- Warrant exercise price: $11.50 per share.
- Trading commencement of units on NYSE: May 7, 2026; expected closing of offering: May 8, 2026.
This transaction establishes the public listing and the capital base for Shreya Acquisition Group as it pursues a business combination in the sectors identified in its filings.