Shreya Acquisition Group Form 10-K — Oct 13, 2026
Shreya Acquisition Group, a Cayman Islands SPAC that listed units on the NYSE on May 7, 2026, filed its first annual 10-K for fiscal year ended June 30, 2026. The company completed an $110 million IPO of 11 million units at $10.00, with all proceeds held in trust (balance $110,546,713 including $546,613 of interest income). Management disclosed substantial doubt about the company's ability to continue as a going concern if it does not complete a business combination within its 12-month completion window. The company had only $840,520 in its operating account against roughly $695,000 in expected expenses, though it reported net income of $372,145 for the year.
Key figures
- Net Income
- 372145
- Cash Position
- 840520
- Gross Proceeds
- 110000000
- Ipo units
- 11000000
- Interest income trust
- 546613
- Warrant exercise price
- 11.5
- Completion window months
- 12
- Working capital available
- 760773
- Class a shares outstanding
- 11231750
- Class b shares outstanding
- 4714285
- Private placement proceeds
- 1917500
- General administrative costs
- 214968
- Trust account balance june 30 2026
- 110546713
- Estimated expenses through completion window
- 695000
AI analysis
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