Shreya Acquisition Group, a blank check company targeting the hospitality, wellness, media, and other sectors, raised the proposed deal size for its upcoming IPO on Tuesday.
The New York, NY-based company now plans to raise $100 million by offering 10 million units at a price of $10. The company had previously filed to offer 6 million units. Each unit consists of one share of common stock and one right to receive one-fifth of one ordinary share upon the consummation of an initial business combination. The SPAC had previously filed to offer one right to receive one-eighth of one ordinary share.
Shreya Acquisition Group is led by CEO and Director Anuj Goyal, the founder of RBI-registered non-banking financial company Mudraksh Investfin. The SPAC plans to target a variety of sectors, including health and wellness, hospitality, media and entertainment, shipping, infrastructure, and waterways tourism.
Shreya Acquisition Group was founded in 2025 and plans to list on the NYSE under the symbol SAGUU. D. Boral Capital is the sole bookrunner on the deal.
