| Line Item | 2026-03-31 | Q/Q | Y/Y |
|---|---|---|---|
| Net Income | -$98K | -163.9% | — |
| Line Item | 2026-03-31 | Q/Q | Y/Y |
|---|---|---|---|
| Cash & Equivalents | $0 | — | — |
| Total Assets | $156K | — | — |
| Current Liabilities | $236K | — | — |
| Stockholders' Equity | -$79K | +17.1% | — |
Business Overview
Shreya Acquisition Group is a blank check company incorporated in the Cayman Islands on June 25, 2025, formed to effect a merger, amalgamation, share exchange, asset acquisition, or similar business combination with one or more target businesses. The Company consummated its Initial Public Offering on May 8, 2026, generating gross proceeds of $110,000,000 from the sale of 11,000,000 units at $10.00 per unit, with an additional $1,917,500 from a concurrent private placement. The Company has not yet commenced operations and has no specific target business under consideration.
Forward Guidance
"Management plans to complete a Business Combination before the mandatory liquidation date and anticipates that the Company will have sufficient liquidity to fund its operations until then or one year from the date of issuance of these financial statements, whichever is earlier." However, the filing explicitly states "there can be no assurance that the Company will be able to consummate a Business Combination within the Completion Window or that liquidity will be sufficient to fund operations."
Key Risk Factors
Key risks include: (1) inability to complete a business combination within the 12-month completion window (extendable), which would trigger mandatory liquidation and return of funds to public shareholders; (2) substantial doubt about the Company's ability to continue as a going concern if a business combination is not completed before the mandatory liquidation date; (3) geopolitical and economic uncertainties from the Russia-Ukraine war, Israel-Hamas conflict, and related sanctions that could adversely affect the search for and valuation of target businesses; (4) potential claims by creditors that could have priority over public shareholders' claims on trust account proceeds; and (5) liquidity constraints if the Company cannot locate a suitable target business or if redemptions by public shareholders reduce available capital for the business combination.