---
title: "Shreya Acquisition Group 1Q 2026: Net income $16397 EPS $0— 10-Q Summary"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/290249266.md"
description: "Shreya Acquisition Group reported a net income of $16,397 for Q1 2026, reversing a prior quarter loss. As a blank-check shell with no operating revenues, the company raised $111.9M via IPO to fund target acquisitions. Management prioritizes closing a business combination by the statutory deadline to address liquidity and sustain operations amid rising public company expenses."
datetime: "2026-06-18T21:31:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/290249266.md)
  - [en](https://longbridge.com/en/news/290249266.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/290249266.md)
generator: "portal-rs"
---

# Shreya Acquisition Group 1Q 2026: Net income $16397 EPS $0— 10-Q Summary

Shreya Acquisition Group reported net income of $16397 for the quarter ended March 31, 2026, versus a net loss of $37065 in the prior quarter; the company remains a blank‑check acquisition vehicle with no operating revenues.

**Financial Highlights**

-   Net income was $16,397 for the three months ended March 31, 2026, compared with a net loss of $37,065 in the prior quarter (nine‑month total loss $97,808).
-   Diluted earnings per share was $0.00 for the three months ended March 31, 2026; basic and diluted net loss per Class B share was $(0.02) for the nine months ended March 31, 2026.
-   Revenue: No operating revenues reported for the periods ended March 31, 2026; company is a blank‑check shell and generates only interest income after IPO.

**Business Highlights**

-   IPO and capital raise: Completed an IPO on May 8, 2026, raising $110.0M plus a $1.9M private placement to fund target search and operations.
-   No operating revenues yet: The company will generate operating income only after completing an initial business combination.
-   Use of proceeds: Net proceeds are earmarked for acquiring target(s) and for working capital to support post‑combination operations and growth initiatives.
-   Operational readiness and costs: Management expects higher public company expenses (legal, reporting, due diligence, NYSE fees) and has allocated about $695K for near‑term search and administrative activities.
-   Going concern focus: Management is prioritizing closing a business combination within the statutory deadline to address liquidity and sustain operations.

Original SEC Filing: Shreya Acquisition Group \[ SAGU \] - 10-Q - Jun. 18, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**