Shreya Acquisition Group completed its initial public offering of 11,000,000 units at $10.00 per unit, raising gross proceeds of $110,000,000, and placed this amount in a U.S. Treasury-backed trust account. Each unit includes one Class A ordinary share, one redeemable warrant exercisable at $11.50, and one right to receive one-fourth of a Class A share after a business combination.
The sponsor also bought 191,750 private units for $1,917,500, with identical economics but lock-up and transfer restrictions. The audited balance sheet as of May 8, 2026 shows total assets of $110,847,007, including $110,000,000 in the trust and $819,520 in cash outside the trust, against $649,042 of liabilities and $110,000,000 of Class A shares classified as redeemable. The company is a Cayman Islands blank check company formed to pursue a business combination within a 12‑month completion window, with shareholders given redemption rights and management concluding there is no substantial doubt about its ability to continue as a going concern.
Shreya Acquisition Group: Linden Capital affiliates reported beneficial ownership stakes in the issuer. As of May 11, 2026, Linden Advisors and Siu Min (Joe) Wong are each reported as beneficial owners of 750,000 shares of Class A Ordinary Shares, representing approximately 6.7% of the outstanding shares. Linden Capital and Linden GP are reported as beneficial owners of 721,513 shares, approximately 6.4% of the class, held by Linden Capital and certain Managed Accounts.
The filing discloses shared voting and dispositive power for the reported amounts and lists principal business addresses for the reporting entities.
Shreya Acquisition Group reports that Feis Equities LLC and Lawrence M. Feis beneficially own 828,476 Class A ordinary shares (7.53%) as shown in a Schedule 13G filed May 11, 2026. The filing cites May 8, 2026 outstanding share count of 11,000,000 Class A ordinary shares per an 8-K.
The Schedule 13G lists sole voting and sole dispositive power over all 828,476 shares for both the reporting LLC and the individual, and is accompanied by a Joint Filing Agreement signed May 11, 2026.
Thews (Mauritius) Ltd, the sponsor of Shreya Acquisition Group, reported buying 191,750 private units on May 8, 2026. Each private unit includes one Class A ordinary share, one warrant and one right, and was purchased at $10.00 per unit for a total of $1,917,500.
Each warrant entitles the holder to buy one Class A ordinary share at $11.50, and each right converts into one-fourth of one Class A ordinary share upon completion of the initial business combination. Following these purchases, the sponsor holds 5,120,321 ordinary shares, 191,750 warrants and 47,937 rights.
Shreya Acquisition Group, a Cayman Islands-based special purpose acquisition company, completed its initial public offering of 11,000,000 units at $10.00 per unit, raising gross proceeds of $110,000,000. Each unit includes one Class A ordinary share, one redeemable warrant exercisable at $11.50 per share, and one right to receive one-fourth of a Class A ordinary share upon a future business combination.
The company also completed a private placement of 191,750 units to its sponsor at $10.00 per unit, generating $1,917,500. A total of $110,000,000, including $600,000 of deferred underwriting commissions, was deposited into a trust account for the benefit of public shareholders. In connection with the IPO, Shreya appointed three independent directors, adopted amended and restated governing documents, and put in place standard SPAC agreements covering underwriting, trust management, registration rights, indemnification, and administrative services.
Shreya Acquisition Group reported its sponsor’s existing ownership in a Form 3 filing. Thews (Mauritius) Ltd, identified as a ten percent owner, holds 4,928,571 ordinary shares of the company. This filing records the sponsor’s stake but does not show any new share purchases or sales.
Shreya Acquisition Group director and Chief Executive Officer Anuj Goyal filed an initial Form 3 reporting indirect ownership of 4,928,571 ordinary shares. These shares are held by Thews (Mauritius) Limited, the company’s sponsor, which is governed by Mind Growth Matrix Private Limited, an entity approximately 99.9% owned by Goyal.
Goyal has voting and dispositive power over the shares held by Mind Growth Matrix and the sponsor but disclaims beneficial ownership of these shares except to the extent of any pecuniary interest he may have, directly or indirectly. The filing reflects existing holdings rather than a new purchase or sale.
Shreya Acquisition Group director Shui Andre Chung has filed an initial Form 3, which is a required statement of beneficial ownership for company insiders. This filing lists Chung as a director but does not report any transactions or option exercises in the disclosed data.
Shreya Acquisition Group director files initial ownership report with no transactions
Shreya Acquisition Group director Mayaram Mahendra has filed an initial Form 3 reporting beneficial ownership status in the company. The filing shows no reported transactions, no derivative positions, and no share holdings detailed in the transaction or derivative summaries.