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 IPO Launch on NYSE Sets Positive Outlook

<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 (SAGU) is set to debut on the NYSE with an IPO priced at $10 per unit, comprising shares and warrants. The anticipated launch on May 7 could attract investor interest, particularly due to focuses on sectors like health and wellness.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>SAGU IPO priced at $10.00 per unit, launching on May 7, 2026.</li><li>The offering includes Class A shares, warrants, and rights.</li><li>Underwriter gets a 45-day option for 1.5 million additional units.</li><li>Principal focus areas for acquisitions include health, hospitality, and media.</li><li>Units to trade on NYSE under symbols SAGUU, SAGU, SAGUW, and SAGUR.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>D. Boral Capital, LLC (N/A)</strong>: Serves as sole book-running manager for SAGU&#039;s IPO, showing significant investment banking involvement.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This falls into &#039;Corporate Developments&#039; as it involves the IPO of a newly formed SPAC. Investors may find this relevant given the SPAC&#039;s focus on sectors like health and wellness, which are trending upwards.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>SAGU&#039;s successful IPO could signal investor confidence in its merger potential.</li><li>Demand for shares could lead to higher valuations if acquisition targets are appealing.</li><li>Market sentiment in healthy sectors may boost early trading performance for SAGU.</li><li>Increased trading volume expected as units separate on the NYSE.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>SAGU offered 10 million units at $10.00 each.</li><li>Units consist of one Class A share, one redeemable warrant, and rights.</li><li>The IPO pricing announcement was made on May 6, 2026.</li><li>Trading begins on May 7, 2026, on the NYSE.</li><li>The option for underwriters includes 1.5 million additional units.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Consider buying SAGU as it enters the market, potentially benefiting from investor interest.</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 (SAGU) is set to debut on the NYSE with an IPO priced at $10 per unit, comprising shares and warrants. The anticipated launch on May 7 could attract investor interest, particularly due to focuses on sectors like health and wellness.

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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