Shreya Acquisition Group, a blank check company targeting the hospitality, wellness, media, and other sectors, raised $100 million by offering 10 million units at $10. Each unit consists of one share of common stock, one warrant exercisable at $11.50, and one right to receive a one-fourth of one share at the time of the business combination.
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.
The New York, NY-based company will trade on the NYSE under the symbol SAGUU. D. Boral Capital acted as sole bookrunner on the deal.
