8-K
filed May 11, 2026, 7:59 PM ET
ticker SAGU
CIK 0002083452
other material
confidence high
sentiment neutral
materiality 0.70
Shreya Acquisition Group closes $110M IPO, 11M units at $10 each on NYSE
Shreya Acquisition Group
- Gross proceeds $110M from 11M units sold at $10/unit (incl. 1M over-allotment); $110M placed in trust.
- Each unit: 1 Class A share, 1 warrant (exercise $11.50/share), 1 right (1/4 share upon business combination).
- Sponsor Thews (Mauritius) Ltd purchased 191,750 Private Units at $10 each for $1.9M; no additional units from over-allotment.
- Board expanded with three independent directors: Sanjeev Sharma, Sagar Ravi Bhavsar, Andre Chung Shui.
- Target sectors: health & wellness, hospitality, media & entertainment, shipping infrastructure, waterways tourism.
Key facts
Extracted from this filing and checked against the source text.
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
Shreya Acquisition Group issued 191,750 units of unit to the Sponsor for $10.00 per Private Unit, generating total proceeds of $1,917,500.
- Security
- unit
- Shares
- 191,750 units
- Purchaser
- the Sponsor
- Consideration
- $10.00 per Private Unit, generating total proceeds of $1,917,500
Exact text from the filing
Simultaneously with the closing of the IPO, the Company consummated a private placement (the “Private Placement”) of an aggregate of 191,750 units (the “Private Units”) to the Sponsor, at a price of $10.00 per Private Unit, generating total proceeds of $1,917,500.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Sanjeev Sharma was appointed as Director at Shreya Acquisition Group.
- Action
- appointed
- Role
- Director
Exact text from the filing
On May 8, 2026, in connection with the IPO, Sanjeev Sharma, Sagar Ravi Bhavsar and Andre Chung Shui were appointed to the board of directors of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Sagar Ravi Bhavsar was appointed as Director at Shreya Acquisition Group.
- Action
- appointed
- Role
- Director
Exact text from the filing
On May 8, 2026, in connection with the IPO, Sanjeev Sharma, Sagar Ravi Bhavsar and Andre Chung Shui were appointed to the board of directors of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Andre Chung Shui was appointed as Director at Shreya Acquisition Group.
- Action
- appointed
- Role
- Director
Exact text from the filing
On May 8, 2026, in connection with the IPO, Sanjeev Sharma, Sagar Ravi Bhavsar and Andre Chung Shui were appointed to the board of directors of the Company.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Shreya Acquisition Group: Adopted Amended and Restated Memorandum and Articles of Association in connection with IPO (effective 2026-05-06).
- Effective
- 2026-05-06
Exact text from the filing
On May 6, 2026, and in connection with the IPO, the Company adopted its Amended and Restated Memorandum and Articles of Association.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Shreya Acquisition Group entered into Private Units Subscription Agreement with the Sponsor (effective 2026-05-06).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- the Sponsor
- Effective
- 2026-05-06
Exact text from the filing
Private Units Subscription Agreement, dated May 6, 2026, by and between the Company and the Sponsor, a copy of which is attached as Exhibit 10.4 and incorporated herein by reference
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Shreya Acquisition Group entered into Underwriting Agreement with D. Boral Capital LLC, as representative of the underwriters (effective 2026-05-06).
- Action
- entry
- Agreement
- underwriting
- Counterparty
- D. Boral Capital LLC, as representative of the underwriters
- Effective
- 2026-05-06
Exact text from the filing
Underwriting Agreement, dated May 6, 2026, by and between the Company and D. Boral Capital LLC, as representative of the underwriters (“DBC”), a copy of which is attached as Exhibit 1.1 hereto and incorporated herein by reference
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Shreya Acquisition Group entered into Letter Agreement with D. Boral Capital LLC (effective 2026-05-08).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- D. Boral Capital LLC
- Effective
- 2026-05-08
Exact text from the filing
In connection with the Partial OA, the Company and DBC entered into a Letter Agreement, dated as of May 8, 2026 (the “Letter Agreement”) pursuant to which the parties agreed that no incremental underwriting fee would be due and no additional private placement units would be in issued in connection with the Partial OA.
View on SEC.gov
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