Shreya Acquisition Group (NYSE: SAGU) announced the closing of its $100 million initial public offering. The units began trading on the NYSE under the symbol “SAGU.U” on May 7, 2026, and the offering closed on May 8, 2026, subject to customary closing conditions.
The SPAC intends to focus its business combination search on companies operating in the health and wellness, hospitality, media and entertainment, shipping infrastructure, and waterways tourism sectors.
Shreya Acquisition Group is led by Chief Executive Officer Anuj Goyal and Chief Financial Officer Arvind Singh Kiran Gokhool. The Board of Directors includes Mahendra Mayaram, Sanjeev Sharma, Sagar Ravi Bhavsar, and Andre Chung Shui.
D. Boral Capital, LLC acted as sole book-running manager for the offering. Lucosky Brookman LLP served as underwriter’s counsel in connection with the initial public offering.
