Shreya Acquisition Group (SAGU.U) Prices $100M IPO

Shreya Acquisition Group (NYSE:SAGU.U) announced the pricing of its $100 million IPO and its units are expected to begin trading on the NYSE under the symbol “SAGU.U” on Thursday, May 7, 2026.

The new SPAC intends to target a company in the health and wellness, hospitality, media and entertainment, shipping infrastructure and waterways tourism sectors.

Shreya Acquisition Group is to be led by Chief Executive Officer Anuj Goyal and Chief Financial Officer Arvind Singh Kiran Gokhool. Mahendra Mayaram, Sanjeev Sharma, Sagar Ravi Bhavsar, and Andre Chung Shui will serve on its Board of Directors.

Total SPAC deal count for 2026 year-to-date is now 82. This offering is expected to close on Friday, May 8, 2026.

D. Boral Capital, LLC is acting as sole book-running manager for the offering. Loeb & Loeb LLP is serving as Issuer’s Counsel with Lucosky Brookman LLP serving as Underwriter’s Counsel. Kreit & Chiu CPA LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.