--- schema_version: "secwatch.filing_event.v1" accession: "0001829126-26-004879" form_type: "8-K" ticker: "SAGU" cik: "0002083452" company_name: "Shreya Acquisition Group" filed_at: "2026-05-11T23:59:59+00:00" generated_at: "2026-05-14T19:13:42.475432+00:00" event_type: "other_material" sentiment: "neutral" materiality_score: 0.7 calibrated_materiality_score: 0.7 confidence: "high" source: SEC EDGAR --- # Shreya Acquisition Group closes $110M IPO, 11M units at $10 each on NYSE ## Summary - 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. ## SEC filing metadata - accession: 0001829126-26-004879 - form_type: 8-K - ticker: SAGU - cik: 0002083452 - company_name: Shreya Acquisition Group - filed_at: 2026-05-11T23:59:59+00:00 - event_type: other_material - sentiment: neutral - materiality_score: 0.7 - calibrated_materiality_score: 0.7 - confidence: high - sec_items: 1.01, 3.02, 5.02, 5.03, 8.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/2083452/000182912626004879/0001829126-26-004879-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2083452/000182912626004879/shreyaacq_8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001829126-26-004879 - JSON: https://secwatch.observer/filing/0001829126-26-004879.json - Plain text: https://secwatch.observer/filing/0001829126-26-004879.txt ## Source-grounded claims - claim_id: eaf6e45b35eab6985286a619a5c7b3179d9b7c91 claim: 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. evidence_excerpt: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/2083452/000182912626004879/0001829126-26-004879-index.htm - claim_id: 85fcd4038f claim: Sanjeev Sharma was appointed as Director at Shreya Acquisition Group. evidence_excerpt: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/2083452/000182912626004879/0001829126-26-004879-index.htm - claim_id: c1c1ab8495 claim: Sagar Ravi Bhavsar was appointed as Director at Shreya Acquisition Group. evidence_excerpt: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/2083452/000182912626004879/0001829126-26-004879-index.htm - claim_id: d4cff5736a claim: Andre Chung Shui was appointed as Director at Shreya Acquisition Group. evidence_excerpt: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/2083452/000182912626004879/0001829126-26-004879-index.htm - claim_id: f64a53e3e534f8484bf56520390cf742dd92c5ba claim: Shreya Acquisition Group: Adopted Amended and Restated Memorandum and Articles of Association in connection with IPO (effective 2026-05-06). evidence_excerpt: On May 6, 2026, and in connection with the IPO, the Company adopted its Amended and Restated Memorandum and Articles of Association. evidence_url: https://www.sec.gov/Archives/edgar/data/2083452/000182912626004879/0001829126-26-004879-index.htm - claim_id: 435b0eb938921ebdac4e9adcfd6c15fbc4150b03 claim: Shreya Acquisition Group entered into Private Units Subscription Agreement with the Sponsor (effective 2026-05-06). evidence_excerpt: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/2083452/000182912626004879/0001829126-26-004879-index.htm - claim_id: 451c80ac0338a7356b6737458c8e65fd796fbedc claim: Shreya Acquisition Group entered into Underwriting Agreement with D. Boral Capital LLC, as representative of the underwriters (effective 2026-05-06). evidence_excerpt: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/2083452/000182912626004879/0001829126-26-004879-index.htm - claim_id: e0dc925a3e76e98127c024f94834541446fde491 claim: Shreya Acquisition Group entered into Letter Agreement with D. Boral Capital LLC (effective 2026-05-08). evidence_excerpt: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/2083452/000182912626004879/0001829126-26-004879-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.