SAGU SEC filings, in plain English
Everything Shreya Acquisition Group has filed with the SEC that we hold — 29 filings, newest first, 27 with a plain-English summary of what changed and why it matters. Every row links to the primary document on EDGAR, so you can check the source rather than trust us.
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What changed: FIRST, this document IS a Joint Filing Agreement (Exhibit A) attached to a Schedule 13G/A amendment, executed on August 14, 2026, by Harraden Circle Investments, LLC and Frederick V. Fortmiller, Jr., which establishes that Mr. Fortmiller, in his capacity as Managing Member, will sign on behalf of both parties to satisfy Rule 13d-1(k) requirements for a single beneficial ownership report on Shreya Acquisition Group. THEN, nothing bearing on redemption deadlines, trust value, extensions, deal progress, or sponsor conduct has changed. This exhibit contains no amendments to share counts, percentages, voting rights, or business combination timelines. It is a purely procedural instrument allowing co-beneficial owners to file one schedule rather than separate ones. Why it matters: THEN, whatever else of substance the document contains is limited to party identification and regulatory compliance mechanics. The undersigned explicitly agree that the Schedule 13G statement and any future amendments, including potential Schedule 13D filings, shall be filed on behalf of each party collectively. For investors tracking SAGU, this confirms a unified reporting relationship between Harraden Circle Investments, LLC and Frederick V. Fortmiller, Jr., but discloses no information regarding founder allocations, lock-up statuses, warrant exercises, or target acquisition efforts. Consequently, it does not advance or delay the redemption clock, alter trust distribution assumptions, or reflect sponsor negotiations, rendering it procedurally complete but substantively neutral for portfolio positioning.
What changed: Schedule 13G beneficial ownership report. The filing, submitted by Highbridge Capital Management, LLC, designates the holder of certain equity interests in SAGU. The provided excerpt contains no share quantities, ownership percentages, transaction dates, or purpose statements. Accordingly, there is no reported alteration to voting blocs, redemption threshold calculations, or trust accounting mechanics. Why it matters: The submission does not advance, delay, or modify the 2027-05-07 business combination deadline, adjust the $10 trust per share balance, create triggers for extension votes, indicate movement in the SPAC’s target search, or reveal sponsor governance shifts. The document contains no claims regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel.
What changed: Routine compliance exhibit (Joint Filing Agreement to a Schedule 13G). This document is a Joint Filing Agreement (Exhibit 99.1) to a Schedule 13G beneficial ownership report. It bears no impact on your redemption calendar, trust value, extension schedule, deal progress, or sponsor conduct, as those variables are entirely absent from the text. Beyond tracking mechanics, the filing contains no substantive operational disclosures—zero mentions of customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel. Its sole substance is the execution of Rule 13d-1(k) coordination among Magnetar Financial LLC, Magnetar Capital Partners LP, Supernova Management LLC, and David J. Snyderman, signed August 13, 2026 by Hayley Stein as attorney-in-fact, capturing positions held as of June 30, 2026. Why it matters: While mechanically inert for your redemption calendar, this notice flags that Magnetar-affiliated vehicles established a coordinated reporting group position by late June 2026. In pre-deal SPACs, institutional accumulation at this stage often precedes intensified scrutiny of management timelines as the stated liquidation window nears.
What changed: Quarterly report (Form 10-Q) for the period ended March 31, 2026, filed by Shreya Acquisition Group, a blank-check company still searching for a target. This is the first 10-Q filed after the company's IPO (consummated on May 8, 2026, subsequent to the balance sheet date). The report reflects the pre-IPO state of the company: no cash, a working capital deficit of $232,990, and no Class A shares outstanding. All material changes to the trust and capital structure occurred after the balance sheet date and are disclosed as subsequent events. The IPO raised $110,000,000 ($10.00 per unit) in trust, with an additional $1,917,500 from a private placement to the sponsor. A partial overallotment of 1,000,000 units was exercised, leaving 500,000 units available. The completion window is 12 months (extendable) from the IPO closing. The company also changed its unit structure in April 2026 to include one redeemable warrant and one right (to receive 1/4th of a share) per unit. The sponsor's founder shares increased from 2,957,143 to 4,928,571 via a stock dividend in February 2026. Why it matters: This report establishes the baseline for the trust value ($10.00 per unit) and the deadline for a business combination (within 12 months, or by approximately May 8, 2027). It confirms the sponsor's significant stake (30% on an as-converted basis) and the potential for 214,286 founder shares to be forfeited if the remaining overallotment is not exercised. The report also notes material weaknesses in internal controls due to limited personnel, which is a red flag for investors.
What changed: Joint Filing Agreement. Feis Equities LLC and Lawrence M. Feis agree to file their Schedule 13G/A amendments jointly under Rule 13d-1(k) of the Securities Exchange Act of 1934. Regarding SPAC mechanics, the agreement contains no changes to redemption deadlines, trust account values, extension proposals, target deal progress, or sponsor conduct. Beyond confirming this procedural reporting arrangement, the document makes no claims about customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel. Why it matters: Because it is a routine administrative instrument for combined SEC disclosures, it does not trigger, delay, or modify any redemption window, adjust trust balances, propose an extension, indicate merger advancement, or reflect altered sponsor behavior. This filing indicates only that Feis Equities LLC and Lawrence M. Feis have consolidated their beneficial ownership reporting obligations without altering the SPAC’s structural or operational parameters.
What changed: This document is Exhibit A to a Schedule 13G filing: a Joint Filing Agreement. According to the text, it formally links eight Harraden Circle investment vehicles and Frederick V. Fortmiller, Jr. as a single reporting group to submit beneficial ownership statements regarding Shreya Acquisition Group under SEC Rule 13d-1(k). Nothing changed regarding the SPAC’s mechanics, redemption calendar, trust value, extensions, or sponsor conduct. The filing contains no share quantities, percentages, voting agreements, or conditional rights. It does not alter the 2027-05-07 business combination deadline, does not announce an extension request, and reports no movement in public or private placement shares that would affect redemption pricing or dilution. The document is purely procedural and cites no target searches, merger progress, or sponsor commitments. Why it matters: For investors tracking redemption deadlines and trust distributions, this is routine administrative paperwork that consolidates compliance filings without signaling activist positioning, warrant conversions, or trust account adjustments. Because the underlying 13G schedule—which would hold ownership percentages, purpose of transaction, and potential tender intentions—is not included, the filing alone offers no predictive value for shareholder redemption behavior, trust account maintenance, or sponsor extension timelines. All entity linkages and the joint-filing designation originate solely from the agreement executed by Mr. Fortmiller on May 29, 2026.
What changed: An SEC Form 8-K Current Report and attached press release. According to a press release attached as Exhibit 99.1 and executed by Chief Executive Officer Anuj Goyal on May 19, 2026, the registrant announced that holders of its initial public offering units may elect to separately trade the underlying Class A ordinary shares, warrants, and rights starting May 22, 2026. The press release details that each unit contains one Class A ordinary share with a $0.0001 par value, one redeemable warrant exercisable at $11.50 per share, and one right granting one-fourth (1/4th) of a share upon consummation of an initial business combination. Separate listing symbols will be SAGU, SAGU WS, and SAGU RT, while unseparated units retain the SAGUU symbol. The filing discloses no adjustments to the trust account, no redemption timeline changes, no extension proposals, no merger or acquisition deal progress, and no deviations from standard sponsor conduct. Why it matters: The security separation creates immediate post-IPO liquidity and allows investors to isolate equity, warrant, and rights exposure prior to any business combination vote. The attached exhibit confirms the shell continues its searching phase, with the company explicitly targeting health and wellness, hospitality, media and entertainment, shipping infrastructure, and waterways tourism sectors. No personnel changes, litigation, customer contracts, revenue projections, market size estimates, or strategic pivots are reported. Because the Form S-1 registration statement was declared effective on May 6, 2026, this mechanical separation represents the first structural upgrade to the IPO product, materially affecting holder optionality and secondary market tradability for the blank-check entity.
What changed: Schedule 13G joint filing agreement (Rule 13d-1(k) compliance exhibit). This filing establishes that Linden Capital L.P., Linden GP LLC, Linden Advisors LP, and Siu Min Wong will submit their beneficial ownership reports together, referencing a base statement dated May 11, 2026 and executed May 12, 2026. It discloses no share transactions, voting agreements, lock-up terms, or price/liquidity restrictions. Bearing on your tracked mechanics—redemption calendars, trust valuations, extension motions, target pipeline status, and sponsor behavior—the document contains zero relevant updates. It does not modify the May 7, 2027 termination deadline, address the stated $10.00 trust/share balance, propose a shareholder meeting for continuation, reveal any target screening activity, or note executive resignations or compensation changes. The only factual content is administrative: signature delegation by Saul Ahn and the explicit incorporation by reference of a June 10, 2019 power of attorney originally filed with a Haymaker Acquisition Corp II submission. Why it matters: For investors monitoring the search phase against the approaching deadline, this filing functions as a regulatory maintenance item rather than a strategic signal. Because it is entirely procedural, it provides no data on liquidity drains, trust interest accrual, target negotiation velocity, or sponsor commitment levels. The agreement’s reliance on legacy authority and shared compliance protocols confirms ongoing institutional affiliation tracking but leaves the SPAC’s operational trajectory unchanged. Substantive catalysts will remain absent until a subsequent amendment discloses percentage threshold crossings, a business combination notice, or trustee correspondence detailing trust preservation tactics ahead of the 2027 sunset.
What changed: Form 8-K Current Report and accompanying Exhibit 99.1 Audited Balance Sheet. Per the filing dated May 14, 2026, and signed by Chief Executive Officer Anuj Goyal, Shreya Acquisition Group consummated its IPO on May 8, 2026, selling 11,000,000 units (including a 1,000,000-unit partial over-allotment) at $10.00 per unit for $110,000,000 in gross proceeds, alongside a private placement of 191,750 units to Sponsor Thews (Mauritius) Limited for $1,917,500. The financials place $110,000,000 into a trust account with Continental Stock Transfer & Trust Company. The underwriting arrangement includes a $600,000 cash discount, a $600,000 deferred underwriting fee, and the issuance of 40,000 representative shares. Each unit contains one Class A ordinary share, a warrant at a $11.50 exercise price, and a right entitling holders to one-fourth of a Class A ordinary share upon a business combination. The Sponsor holds 4,928,571 Class B founder shares at approximately $0.005 per share, with up to 214,286 subject to forfeiture if the remaining over-allotment option is not fully exercised. Why it matters: The audit confirms the precise starting capitalization for all investor redemption math, locking in the $110,000,000 trust value against transaction costs totaling $1,731,694. The filing establishes the 12-month Completion Window starting May 8, 2026, setting the hard liquidation timeline without invoking any extensions. Management, via its going concern assessment, claims it possesses sufficient liquidity—citing $819,520 in non-trust cash and a $797,965 working capital surplus—to fund operations through the mandatory deadline or one year from the statement’s issuance. Additionally, the company discloses a $5,000 monthly administrative services agreement with the Sponsor, available Working Capital Loans up to $1,500,000 convertible to units, and confirms that no prospective target businesses have been contacted or discussed, cementing its status as a newly public shell awaiting a merger.
What changed: JOINT FILING AGREEMENT attached to a Schedule 13G. The agreement states that Feis Equities LLC and Lawrence M. Feis consent to file a single Schedule 13G for Class A ordinary shares of Shreya Acquisition Group dated May 11, 2026, and any future amendments, pursuant to Rule 13d-1(k). It does not modify redemption deadlines, trust share value, extension timelines, business combination progress, or sponsor conduct. Why it matters: As a procedural disclosure instrument, it consolidates SEC reporting obligations for the two named parties without altering SPAC mechanics or shareholder economics. The document contains no forward-looking targets, partnership announcements, litigation claims, or personnel shifts beyond the required signatory blocks, meaning it reflects routine ownership monitoring rather than strategic or structural movement.
What changed: 8-K reporting completion of initial public offering. SPAC completed IPO of 11,000,000 units at $10.00 per unit, raising $110,000,000 in gross proceeds, deposited in trust; partial over-allotment exercise; appointed independent directors; adopted amended charter; entered into standard IPO agreements. Why it matters: Establishes trust value of $10.00 per share and sets the initial business combination deadline of 12 months from closing (May 8, 2027); provides baseline for future redemptions and deal timeline.
What changed: Form 4 – Insider Ownership Report (a routine compliance exhibit detailing changes in beneficial ownership of equity securities). According to the filing, reporting person Goyal Anuj (director, Chief Executive Officer, 10% owner) acquired 191,750 shares via an open-market purchase on 2026-05-08, bringing his reported cumulative holding to 5,120,321 shares. Why it matters: This entry captures sponsor conduct through a direct market purchase by the CEO, which does not mechanically impact the trust account, trigger any vote regarding the 2027-05-07 redemption deadline, or indicate movement toward a business combination. Beyond the explicitly stated share quantities and transaction date, the document attributes no claims to executives or representatives regarding customer relationships, revenue streams, market size projections, strategic direction, technology development, commercial partnerships, ongoing litigation, or operational staffing.
What changed: SEC Form 4, classified in the filing header as an "insider ownership report". This document identifies itself as an insider ownership report filed for Shreya Acquisition Group on 2026-05-11. Per the filing, Thews (Mauritius) Ltd—which characterizes itself as a 10% owner—conducted an open-market purchase on 2026-05-08 adding 191,750 shares to its portfolio, leaving the reporting person with 5,120,321 shares. Regarding the tracked mechanics: the text makes no reference to the SPAC’s 2027-05-07 liquidation deadline, proposes no extension of that date, contains no language modifying the reported $10 trust value, provides no update on business combination search progress, and discloses no changes to sponsor conduct or executive oversight. The only mechanical alteration is the insider’s expanded open-market equity position. Why it matters: For investors monitoring SAGU’s redemption calendar and trust composition, this filing does not shift the 2027-05-07 deadline, recalibrate the trust allocation, or alter deal progression pathways. The document contains no claims regarding customer relationships, revenue metrics, total addressable market sizing, strategic roadmaps, technology validation, partnership formations, active litigation, or key personnel appointments. All reported figures—the 10% ownership tier, the 2026-05-08 transaction date, the 191,750-share acquisition, and the 5,120,321-share post-transaction balance—are attributed exclusively to Thews (Mauritius) Ltd as submitted in this regulatory report. While secondary-market accumulation may reflect stakeholder positioning, the absence of deal-specific disclosures means investors must look to forthcoming 8-K notices, preliminary proxy sheets, or amended registration statements for material updates to the redemption schedule, extension voting mechanics, or trust distribution terms.
What changed: A Form 3 initial statement of beneficial ownership of securities, operating as an insider ownership report filed as a routine compliance exhibit. Director Shui Andre Chung submitted the filing explicitly stating 'No non-derivative transactions or holdings reported,' indicating the director has not disclosed purchasing, selling, or maintaining any initial equity or derivative position in the issuer. Why it matters: This submission does not shift redemption deadlines, modify trust share accounting, trigger extension discussions, advance deal progression, or reflect changes in sponsor conduct. It is a standard regulatory acknowledgment of board service. The recorded absence of holdings aligns with conventional search-phase structuring, where founding directors typically receive sponsor shares through separate subscription agreements or hold no personal stake until active target evaluation commences. No assertions regarding customer demographics, revenue projections, market sizing, strategic pivots, technological roadmaps, partnership announcements, litigation exposure, or leadership transitions appear in the text beyond the identification fields and the director's declaration of zero reported positions.
What changed: This document IS a Form 3, a routine SEC compliance exhibit classified as an insider ownership report used to disclose initial equity holdings by directors, officers, or beneficial owners of more than ten percent of a registered class. Thews (Mauritius) Ltd, identified in the filing as a 10% owner, holds 4,928,571 shares directly in Shreya Acquisition Group. The submission contains no alterations to redemption deadlines, trust value per share, extension voting procedures, business combination progress, or sponsor conduct. It also makes zero claims regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel. Why it matters: Investors tracking SAGU’s mechanics should treat this Form 3 as a static compliance baseline that confirms a major insider allocation without adjusting the 2027-05-07 search deadline or touching the documented trust value per share. Because the report discloses uncompensated initial possession rather than open-market purchases, sales, pledging events, or board-directed corporate actions, it leaves the redemption calendar, extension timeline, and target-acquisition trajectory mechanically unchanged. The filing provides no signals on sponsorship liquidity needs, management tenure commitments, or deal execution milestones, meaning public shareholders’ redemption calculus and distribution expectations remain entirely unmodified by this record.
What changed: A Form 3, the Securities and Exchange Commission’s initial beneficial ownership report mandated when an officer, director, or greater-than-10% shareholder first becomes subject to Section 16 insider reporting requirements. The exhibit discloses that Goyal Anuj, identified in the report as director, Chief Executive Officer, and 10% owner, holds 4,928,571 shares indirectly. The filing records no transaction execution date, acquisition price, or settlement mechanism. It contains zero references to target validation, merger agreement execution, extension proposals, trust account distributions, or shareholder redemption windows. Why it matters: Form 3 documents serve as administrative disclosure triggers that establish or confirm reporting baselines rather than execute financing or deal events. According to the filer, Anuj’s disclosed position constitutes a 10% equity stake, but because the form presents a static snapshot without accompanying Form 4 transaction logs, it provides no incremental signal regarding sponsor liquidity commitments, pipeline velocity, or control dynamics. Investors tracking the 2027-05-07 liquidation deadline, trust value preservation, or extension voting will find no mechanical adjustments; the submission merely satisfies statutory insider reporting obligations without altering the SPAC’s operational or redemption calendar.
What changed: A Rule 424(b)(4) registration statement prospectus filed by Shreya Acquisition Group to finalize the sale of 10,000,000 initial public offering units. The prospectus establishes a 12-month business combination window from the May 8, 2026 unit delivery date, locking in the referenced 2027-05-07 deadline. If the company elects a shareholder vote instead of a tender offer, Shreya Acquisition Group restricts any single public shareholder from redeeming more than a 15% aggregate stake without prior consent. Why it matters: Investors tracking redemption mechanics must account for the 15% voting-period restriction, which alters standard tender-offer liquidity parameters. The exact $100,000,000 trust deposit anchors per-share cash-out values to the published dollar total rather than a predetermined per-share trust convention.
What changed: SEC Form 3 – Initial Statement of Beneficial Ownership. Director Bhavsar Sagar Ravi submitted an insider ownership report declaring he disclosed no non-derivative transactions or holdings. It contains no amendments to trust valuation, redemption scheduling, extension voting procedures, target identification progress, or sponsor governance practices. Why it matters: Because the filing attributes zero share acquisitions or dispositions to the director, it leaves the SPAC’s capital structure and redemption parameters unaltered. Investors monitoring the searching-phase timeline receive no signal of increased sponsor capital commitment or defensive positioning against redemptions, meaning the existing operating clock and trust mechanics proceed unchanged. The document makes no substantiated claims about commercial operations, technology developments, partnership agreements, or legal proceedings beyond the routine corporate disclosure.
What changed: Routine Section 16(a) insider ownership report (Form 3). The filing identifies itself as a routine compliance exhibit tracking insider ownership for Shreya Acquisition Group. Director Mayaram Mahendra, listed as the reporting person, submitted the form and explicitly attested that no non-derivative transactions or holdings were reported for the issuer. Why it matters: Because the reporting director confirmed flat direct equity positions, the document delivers no new signals regarding sponsor alignment, transaction timing, or capital commitment. For investors monitoring redemption deadlines, trust value dynamics, extension voting triggers, or deal progress, this standardized acknowledgment of zero insider trading alters none of those mechanical parameters. The filing contains no substantiated claims regarding customers, revenue, market size, corporate strategy, technology developments, partnerships, litigation exposure, or personnel changes. As a procedural attestation of unchanged positions, it temporarily restricts the set of insider-driven indicators available to shareholders during the SEARCHING phase, but does not independently shift the redemption calendar or capital structure.
What changed: A Form 8-A filing served under Section 12(b)/(g) of the Securities Exchange Act of 1934, functioning as a routine compliance exhibit to register additional classes of securities for listing on the New York Stock Exchange LLC. The filing formally incorporates by reference the security descriptions originally detailed in the Registrant’s initial Form S-1 Registration Statement (File No. 333-290228), first submitted to the SEC on September 12, 2025. Why it matters: While mechanical tracking parameters remain unchanged relative to the stated May 7, 2027 deadline, the filing substantively codifies the precise contractual architecture governing the SPAC’s capital stack. Per the company’s representations, each registered Unit bundles one Class A Ordinary Share (par value $0.0001 per share), one right entitling the holder to one-fourth of one Ordinary Share post-business combination, and one redeemable warrant permitting the acquisition of one Ordinary Share at $11.50 per share.
What changed: SEC Form 3 — Initial Statement of Beneficial Ownership of Securities. Filed on May 6, 2026, on behalf of Chief Financial Officer Gokhool Arvind, this Form 3 discloses zero reported non-derivative transactions or holdings in Shreya Acquisition Group securities. It bears on redemption deadlines, trust value, extensions, deal progress, and sponsor conduct by confirming the reporting executive maintained an untracked equity position at filing, which leaves the SPAC’s redemption calendar, trust account balances, extension voting thresholds, and merger negotiation pathways mechanically unaffected. Why it matters: While the filing contains no substantive data on customer contracts, revenue projections, market sizing, corporate strategy, technology platforms, partnership arrangements, active litigation, or personnel changes beyond the CFO designation, it establishes a regulatory baseline for insider transparency. For shareholders monitoring SAGU’s SEARCHING phase, the submission indicates that management has not yet personally accumulated shares ahead of potential business combination announcements, which investors typically track to gauge sponsor-aligned capital deployment and diligence pacing prior to a merger vote.
What changed: Form 3 — insider ownership report. Per the submission by director Sharma Sanjeev, there were zero non-derivative transactions or holdings adjustments. Consequently, the SPAC’s SEARCHING status remains unaltered, with no shifts to shareholder redemption windows, trust capital deployment, extension mechanisms, or target due-diligence progress. Why it matters: For investors monitoring sponsor behavior and capital preservation, the filer’s declaration of empty transaction logs supplies a static snapshot of director equity positioning but introduces no mechanical triggers or timeline deviations. The document carries no substantive assertions concerning customer bases, revenue generation, total addressable market scope, corporate strategy, technological infrastructure, partnership networks, legal proceedings, or leadership appointments. It stands purely as a procedural attestation confirming administrative inactivity rather than a vehicle for structural updates or valuation inflection points.
What changed: Amendment No. 4 to Form S-1, a registration statement for Shreya Acquisition Group's initial public offering of 10,000,000 units at $10.00 per unit. It is a blank-check company IPO prospectus, not a merger agreement or business combination filing. The company has no target selected and states it has not initiated substantive discussions with any target. This amendment updates the S-1 with a preliminary prospectus dated April 24, 2026 and incorporates revised offering terms reflected in the financial statements: units now consist of one Class A share, one redeemable warrant ($11.50 exercise price), and one right to receive 1/4 Class A share upon a business combination; the offering was increased to 10,000,000 units ($100,000,000), plus underwriters' over-allotment option of 1,500,000 units; the sponsor will purchase 191,750 private units at $10.00 per unit; rights were changed from an earlier 1/5-share right to a 1/4-share right; the business combination completion window is set at 12 months from closing, extendable by shareholder approval, with the company stating it does not expect to extend beyond 36 months; and the sponsor promissory note maturity was extended to June 30, 2026. The trust account is to hold $10.00 per unit, or 100% of gross proceeds, initially $100,000,000 or $115,000,000 if the over-allotment is exercised. Why it matters: This establishes the core mechanics investors will track: $10.00 per-share trust value, redemption at trust value plus interest net of taxes, a 12-month initial deadline from IPO closing with possible extension votes, 15% redemption cap if a shareholder vote is used, warrants exercisable 30 days after a business combination and expiring five years later, rights expiring worthless if no deal, and sponsor/insider waivers of redemption and liquidation rights on founder and private shares. It also confirms the sponsor, Thews (Mauritius) Limited, controlled by CEO Anuj Goyal, holds 4,928,571 Class B founder shares at a nominal price, with up to 642,857 subject to forfeiture depending on over-allotment exercise, creating substantial dilution risk for public holders. The company intends to search globally but initially focus on health and wellness, hospitality, media and entertainment, shipping infrastructure, and waterways tourism; it excludes targets with PCAOB non-inspectable auditors for two consecutive years beginning 2021 and China VIE-structured companies. Management has no prior SPAC experience, no revenue or operations to date, and there is no pending litigation disclosed.
What changed: Amendment No. 3 to Form S-1 registration statement for Shreya Acquisition Group's initial public offering of up to 11,500,000 units (10,000,000 base plus 1,500,000 overallotment) at $10.00 per unit, each unit consisting of one Class A ordinary share and one right to receive one-fifth of one Class A ordinary share upon a business combination. Offering size increased to 10,000,000 units (11,500,000 with overallotment); rights changed from one-tenth to one-fifth of a share; underwriter compensation includes 40,000 representative shares and deferred underwriting commission; updated audited financials through June 30, 2025 and unaudited through December 31, 2025; founder shares increased to 4,928,571 via stock dividend; various prospectus updates reflecting these changes. Why it matters: This filing sets the final IPO terms before effectiveness. Investors should note the larger offering size and modified rights structure, which affect dilution and potential value. The trust will hold $10.00 per share ($100 million initially) with an 18-month deadline to close a business combination (extendable to 36 months). No target has been identified. The sponsor's low-cost founder shares create potential conflicts.
What changed: Amendment No. 2 to Form S-1 registration statement for the initial public offering of Shreya Acquisition Group, a blank check company (SPAC), containing the preliminary prospectus with terms of the IPO, business strategy, risk factors, financial statements, and corporate governance details. This amendment includes updated unaudited financial statements as of September 30, 2025 (previous filed financials were as of June 30, 2025), expanded risk factor disclosures, and additional details on the sponsor's background, management team, and conflicts of interest. The offering terms remain unchanged: 6,000,000 units at $10.00 per unit with a trust of $60,000,000. Why it matters: This is the first comprehensive public filing for SAGU's IPO, providing investors with critical information on trust mechanics ($10.00 per share), redemption rights (public shareholders can redeem at business combination), deadline (18 months from closing, extendable to 36 months), sponsor incentives (founder shares purchased at $0.008 per share), and target search criteria (health & wellness, hospitality, media & entertainment, shipping, infrastructure, waterways tourism). The SPAC has no operating history and no target identified; proceeds are held in trust. The filing also discloses a working capital deficit and going concern risk prior to the offering.
What changed: Amendment No. 1 to a Registration Statement on Form S-1 (S-1/A) for a proposed initial public offering of 6,000,000 units at $10.00/unit by a blank-check company, Shreya Acquisition Group, which is still in the searching/pre-IPO stage. This is the first amendment to the S-1, filed as a preliminary prospectus with an effective date still to be determined. It updates the prospectus to include unaudited financial statements as of September 30, 2025 (showing a $169,638 working capital deficit), adds details about the board of director nominees, updates the registration fee, and attaches nearly all exhibits (underwriting agreement, trust agreement, rights agreement, indemnity agreement, etc.) that were previously marked 'to be filed'. The IPO is now dated December 9, 2025, and the underwriter is named as D. Boral Capital LLC, with a 45-day over-allotment option of 900,000 units. Why it matters: This filing is material because it is the near-final registration for a SPAC that is about to go public with a $60 million trust ($10.00/share). It provides the first look at the sponsor economics: the sponsor paid $25,000 for 2.96 million founder shares (with up to 385,714 subject to forfeiture if over-allotment not fully exercised), will buy 191,750 private units at $10.00 each, and the trust will hold $60 million. The company is searching without a target, has an 18-month deadline to complete a business combination, and has a going concern qualification in the audit report. The document also names the target sectors (health & wellness, hospitality, media/entertainment, shipping infrastructure, waterways tourism) and excludes China-based VIE targets. The filing confirms the trust amount and redemption mechanics for investors tracking possible redemptions.
What changed: Registration statement on Form S-1 for an initial public offering of up to 6,000,000 units (plus an over-allotment option of 900,000 units) by Shreya Acquisition Group, a blank-check company that has not yet selected a business-combination target. This is a new filing; the SPAC is offering 6,000,000 units at $10.00 per unit. Trust proceeds will be $60,000,000 ($69,000,000 if the over-allotment option is exercised in full), implying a trust value per share of $10.00. The deadline to complete an initial business combination is 18 months from the closing of the offering (i.e., by approximately March 2027, subject to possible extension). The sponsor, Thews (Mauritius) Limited, holds 2,957,143 Class B founder shares purchased for $25,000 ($0.008/share) and will purchase 191,750 private units (up to 200,750 if the over-allotment option is exercised in full) for $1,917,500 ($10.00/unit). The SPAC has identified no specific target and has not initiated any substantive discussions with any potential business-combination target. Why it matters: For investors tracking redemption deadlines, trust value, and sponsor conduct, this filing establishes the baseline: trust value of $10.00 per public share, an 18-month deadline, and a sponsor with a nominal cost basis in founder shares. Key risk factors include potential material dilution from the founder shares' anti-dilution rights, sponsor conflicts of interest (sponsor paid $0.008/share while public shareholders pay $10.00/unit), and the risk that the SPAC may be deemed an investment company under the Investment Company Act. The filing also includes an explanatory paragraph regarding the company's ability to continue as a going concern due to a working capital deficit of $31,665 as of June 30, 2025.
In plain English
Redemption deadlinethe last day to hand shares back for cash
Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.
Cash in trust / trust per sharethe cash the company is holding for each public share
Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.
Accession numberthe SEC's unique id for one filing
Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.