Shreya Acquisition Group director and CEO Anuj Goyal reported indirect purchases of 191,750 private units through the company’s sponsor, Thews (Mauritius) Limited. Each private unit was bought at $10.00, for an aggregate cost of $1,917,500, and consists of one Class A ordinary share, one warrant, and one right.
The warrants in these units entitle the holder to buy one Class A ordinary share at $11.50 per share after the initial business combination, and the rights entitle the holder to receive one-fourth of one Class A ordinary share upon that combination. Following these transactions, indirect holdings reported include 5,120,321 ordinary shares, 191,750 warrants, and 47,937 rights. Mr. Goyal has voting and dispositive power over the sponsor entities but disclaims beneficial ownership beyond his pecuniary interest.
Shreya Acquisition Group director Bhavsar Sagar Ravi filed an initial Form 3 reporting his status as a director of the company. The filing lists no purchases, sales, option exercises, gifts, or other transactions, serving only as a baseline disclosure of beneficial ownership under SEC rules.
Shreya Acquisition Group is conducting an initial public offering of 10,000,000 units at $10.00 per unit, representing $100,000,000 of gross proceeds; underwriters have a 45-day option to purchase up to an additional 1,500,000 units. Each unit contains one Class A ordinary share, one warrant (exercise price $11.50) and one right to receive one-fourth of a Class A share upon consummation of an initial business combination.
Of the proceeds, $100,000,000 (or $115,000,000 if the over-allotment is exercised) will be placed in a U.S.-based trust account pending an initial business combination. The sponsor purchased 4,928,571 Class B ordinary shares for $25,000, and committed to buy 191,750 private units (up to 200,750 if over-allotment exercised). The sponsor’s nominal founder share price and anti-dilution protections may cause immediate dilution to public shareholders.
Shreya Acquisition Group director Sanjeev Sharma filed an initial Form 3, which is a statement of beneficial ownership for company insiders. This filing does not report any stock purchases, sales, or option exercises and shows no transactions or derivative positions at this time.
Shreya Acquisition Group’s Chief Financial Officer, Arvind Gokhool, has filed an initial ownership report on Form 3. This filing establishes him as a reporting insider of the company but does not list any stock or option holdings and shows no buy, sell, or other transactions. It is an administrative step that brings his insider status on record with regulators and investors.