Shreya Acquisition Group (SAGU-UN) sponsor buys 191,750 private units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Net Buy
3 txns
Insider
Goyal Anuj
Role
Chief Executive Officer
Bought
575,250 shs ($0.00)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Warrants to purchase Class A ordinary Shares | 191,750 | $0.00 | -- |
| Purchase | Rights | 191,750 | $0.00 | -- |
| Purchase | Ordinary Shares | 191,750 | $0.00 | -- |
Holdings After Transaction:
Warrants to purchase Class A ordinary Shares — 191,750 shares (Indirect, See Footnote);
Rights — 47,937 shares (Indirect, See Footnote);
Ordinary Shares — 5,120,321 shares (Indirect, See Footnote)
Footnotes (1)
- Such shares are held by Thews (Mauritius) Limited, the Issuer's sponsor (the "Sponsor"). The Sponsor is governed by its sole managing member, Mind Growth Matrix Private Limited ("Mind Growth Matrix"), which is approximately 99.9% owned by Anuj Goyal. Mr. Goyal has voting and dispositive power over the shares owned by Mind Growth Matrix and the Sponsor. Mr. Goyal disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly. Reflects 191,750 private units owned by the Sponsor. Each private unit consists of one Class A ordinary share, one warrant, with each whole warrant entitling the holder thereof to purchase one Class A ordinary share for $11.50 per share, subject to adjustment, and one right to receive one-fourth (1/4th) of one Class A ordinary share upon the consummation of the Issuer's initial business combination. The private units were purchased at $10.00 per unit for an aggregate purchase price of $1,917,500. The Sponsor is governed by its sole managing member, Mind Growth Matrix, which is approximately 99.9% owned by Anuj Goyal. Mr. Goyal has voting and dispositive power over the shares owned by Mind Growth Matrix and the Sponsor. Mr. Goyal disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly. The warrants included in the private units will become exercisable 30 days after the completion of the Issuer's initial business combination and will expire five years after the completion of the Issuer's initial business combination or earlier upon redemption or liquidation. The rights included in the private units entitle the holder to receive one-fourth (1/4th) of one Class A ordinary share upon the consummation of the Issuer's initial business combination.
Key Figures
Private units purchased: 191,750 units
Aggregate purchase price: $1,917,500
Warrant exercise price: $11.50 per share
+4 more
7 metrics
Private units purchased
191,750 units
Indirectly acquired by sponsor at $10.00 per unit
Aggregate purchase price
$1,917,500
Cost of 191,750 private units at $10.00 each
Warrant exercise price
$11.50 per share
Each warrant buys one Class A ordinary share
Ordinary shares after transaction
5,120,321 shares
Indirect holdings following reported transactions
Warrants after transaction
191,750 warrants
Included in private units held indirectly
Rights after transaction
47,937 rights
Each right for one-fourth of one Class A share
Net shares and derivatives bought
575,250 securities
Net buy across three reported transactions
Key Terms
private units, warrants, rights, initial business combination, +1 more
5 terms
private units financial
"Reflects 191,750 private units owned by the Sponsor."
warrants financial
"Each private unit consists of one Class A ordinary share, one warrant,"
Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.
rights financial
"and one right to receive one-fourth (1/4th) of one Class A ordinary share"
Rights are special privileges that give existing shareholders the opportunity to buy additional shares of a company's stock before they are offered to the public. They help investors maintain their ownership percentage and can be seen as a way to protect their investment stake. Think of rights like a VIP pass allowing current investors to purchase new shares first, ensuring they can preserve their influence in the company.
initial business combination financial
"upon the consummation of the Issuer's initial business combination."
An initial business combination is the deal in which a special-purpose acquisition company (SPAC) merges with or acquires an operating business to bring that business onto public markets. Think of the SPAC as an empty shell that raises money from investors, then uses that cash to buy a private company—this transaction turns the private company into a public one and often changes its ownership, valuation, and access to capital, so investors should watch for shifts in risk, future growth prospects, and shareholder rights.
beneficial ownership financial
"Mr. Goyal disclaims any beneficial ownership of the reported shares"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
What insider transaction did Shreya Acquisition Group (SAGU-UN) report?
Shreya Acquisition Group reported that an entity associated with CEO Anuj Goyal purchased 191,750 private units for $1,917,500. The units were acquired indirectly through the sponsor, reflecting a net buy of 575,250 securities across ordinary shares, warrants, and rights on May 8, 2026.
What are the terms of the private units bought in Shreya Acquisition Group (SAGU-UN)?
Each private unit includes one Class A ordinary share, one warrant, and one right, purchased for $10.00 per unit. The warrants allow buying one share at $11.50, and the rights provide one-fourth of one Class A ordinary share upon completion of the initial business combination.
What is the exercise price and timing for Shreya Acquisition Group’s private unit warrants?
The warrants in the private units are exercisable to buy one Class A ordinary share at $11.50 per share. They become exercisable 30 days after completion of the issuer’s initial business combination and expire five years after that business combination or upon earlier redemption or liquidation.
How do the rights in Shreya Acquisition Group (SAGU-UN) private units work?
Each right included in the private units entitles the holder to receive one-fourth of one Class A ordinary share. This entitlement is realized upon consummation of the issuer’s initial business combination, effectively providing additional equity exposure tied to that future transaction milestone.
Does Anuj Goyal directly own the Shreya Acquisition Group securities reported in this Form 4?
The securities are held by Thews (Mauritius) Limited, the sponsor, and Mind Growth Matrix. Anuj Goyal has voting and dispositive power over these entities but disclaims beneficial ownership of the reported securities except to the extent of his direct or indirect pecuniary interest.