NEW YORK, May  06, 2026  (GLOBE NEWSWIRE) -- Shreya Acquisition Group (the &#34;Company&#34;), a newly organized special purpose acquisition company formed as a Cayman Islands exempted company, today announced the pricing of its

SAGU

Shreya Acquisition Group Prices $100 Million Initial Public Offering

Shreya Acquisition Group Sets IPO Date and Price for Units

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>NEW YORK, May  06, 2026  (GLOBE NEWSWIRE) -- Shreya Acquisition Group (the &amp;#34;Company&amp;#34;), a newly organized special purpose acquisition company formed as a Cayman Islands exempted company, today announced the pricing of its</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Shreya Acquisition Group has priced its IPO at $10.00 for 10 million units, which will begin trading on May 7, 2026. The SPAC targets acquisition opportunities in various sectors, potentially enhancing its market position and attracting investor interest.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>SAGU prices IPO at $10.00 per unit, offering 10 million units.</li><li>Each unit contains a share, warrant, and fractional share right.</li><li>Trading starts May 7, 2026, under ticker symbol SAGUU.</li><li>Shreya Acquisition Group is focused on health and wellness sectors.</li><li>Underwriter granted 45-day option for additional unit purchases.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>D. Boral Capital, LLC (N/A)</strong>: Serves as the sole book-running manager, indicating strong market support.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>The category fits under Corporate Developments as it involves a significant IPO. This is essential news for potential investors and indicates strategic direction for the SPAC.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Initial unit pricing could attract significant investor interest in SPACs.</li><li>Focus areas for acquisitions like health and wellness may increase valuation.</li><li>Underwriter&#039;s option to purchase additional units indicates confidence in demand.</li><li>SPAC market dynamics may amplify volatility in the initial trading phase.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>IPO priced at $10.00 per unit, totaling 10 million units.</li><li>Units include one share, one warrant, and fractions of shares.</li><li>Starting trading date is May 7, 2026, under SAGUU.</li><li>Underwriters have 45-day over-allotment option for 1.5 million units.</li><li>SAGU focuses on health, wellness, and various sectors.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Buy SAGU as it enters trading with a solid IPO structure, targeting growth sectors over the next 6-12 months.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="justify">NEW YORK, May  06, 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 pricing of its initial public offering of 10,000,000 units at an offering price of $10.00 per unit, with each unit consisting 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. The units are expected to trade on the New York Stock Exchange ("NYSE") under the ticker symbol "SAGUU" beginning May 7, 2026. 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.</p>  <p>D. Boral Capital, LLC is acting as sole book-running manager for the offering.</p>  <p>The Company has granted the underwriter a 45-day option to purchase up to an additional 1,500,000 units at the initial public offering price to cover over-allotments, if any. The offering is expected to close on May 8, 2026, subject to customary closing conditions.</p>  <p>A registration statement relating to the securities sold in the initial public offering was declared effective by the U.S. Securities and Exchange Commission (the "SEC") on May 6, 2026. The offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from: D. Boral Capital LLC, 590 Madison Avenue, 39th Floor, New York, NY 10022, by email to <a href="mailto:dbccapitalmarkets@dboralcapital.com">dbccapitalmarkets@dboralcapital.com</a> or by calling +1 (212) 970-5150, or by accessing the SEC's website at <em>www.sec.gov</em>.</p>  <p>This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.</p>  <p><strong>Shreya Acquisition Group</strong></p>  <p align="justify">Shreya Acquisition Group is a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. While the Company may pursue an acquisition opportunity in any business, industry, sector or geographical location, the Company intends to focus on companies engaged in the health and wellness, hospitality, media and entertainment, shipping infrastructure and waterways tourism sectors.</p>  <p><strong><em>Forward-Looking Statements</em></strong></p>  <p>This press release contains statements that constitute "forward-looking statements," including with respect to the Company's initial public offering ("IPO") and search for an initial business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and preliminary prospectus for the IPO filed with the SEC. Copies are available on the SEC's website, <em>www.sec.gov</em>. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.</p>  <p>Contacts:<br></br>Shreya Acquisition Group<br></br>Cassia Court, Suite 716, 10 Market Street.<br></br>Camana Bay, Grand Cayman, Cayman Islands<br></br>Contact number: 230 5942 0130</p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTcxNDkwOSM3NTg3MDg2IzUwMDE2MjIyMA=="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/ODhhMGI2ODUtODdmMC00ZTA4LWFkYjQtNmE2MDZkOGU3YTY4LTUwMDE2MjIyMC0yMDI2LTA1LTA2LWVu/tiny/Shreya-Acquisition-Group.png" referrerpolicy="no-referrer-when-downgrade"></img>

Shreya Acquisition Group has priced its IPO at $10.00 for 10 million units, which will begin trading on May 7, 2026. The SPAC targets acquisition opportunities in various sectors, potentially enhancing its market position and attracting investor interest.

Shreya Acquisition Group Prices $100 Million Initial Public Offering

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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