Shreya Acquisition Group prices $100 million IPO at $10 per unit

Shreya Acquisition Group, a special purpose acquisition company incorporated in the Cayman Islands, priced its initial public offering at $10.00 per unit on May 6, 2026. The company sold 10,000,000 units, raising $100 million.

Each unit consists of one Class A ordinary share, one redeemable warrant, and one right to receive one-fourth of one Class A ordinary share upon completion of a business combination. The warrants allow holders to purchase Class A ordinary shares at $11.50 per share.

The units will trade on the New York Stock Exchange under ticker symbol "SAGUU" beginning May 7, 2026. Once the securities begin separate trading, the Class A ordinary shares, warrants, and rights will trade under symbols "SAGU," "SAGUW," and "SAGUR" respectively.

D. Boral Capital, LLC served as sole book-running manager for the offering. The company granted the underwriter a 45-day option to purchase up to 1,500,000 additional units to cover over-allotments. The offering is expected to close May 8, 2026.

The Securities and Exchange Commission declared the registration statement effective on May 6, 2026. Shreya Acquisition Group stated it intends to focus on companies in health and wellness, hospitality, media and entertainment, shipping infrastructure, and waterways tourism sectors, according to the press release.

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