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