Shreya Acquisition Group Announces Closing of $110 Million Initial Public Offering (Including Partial Exercise of Over-Allotment Option)

NEW YORK, May 08, 2026 (GLOBE NEWSWIRE) -- Shreya Acquisition Group (the “Company”), a newly organized special purpose acquisition company formed as a Cayman Islands exempted company, today announced the closing (the “Closing”) of its initial public offering of 11,000,000 units, including 1,000,000 units pursuant to the partial exercise of the over-allotment option, at an offering price of $10.00 per unit. The units began trading on the New York Stock Exchange (“NYSE”) under the ticker symbol “SAGUU” on May 7, 2026. Each unit consists of one Class A ordinary share, one redeemable warrant and one right to receive one-fourth (1/4th) of one Class A ordinary share upon the consummation of an initial business combination. Each warrant will entitle the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share. In connection with the partial exercise of the over-allotment option, the parties agreed that no incremental underwriting fee would be due and no additional private placement units were issued.  Once the securities comprising the units begin separate trading, the Class A ordinary shares, the warrants and the rights are expected to be traded on the NYSE under the symbols “SAGU” “SAGUW” and “SAGUR,” respectively.

May 08, 2026 | www.globenewswire.com