Goyal Anuj 4
Research Summary
AI-generated summary
Shreya Acquisition (SAGU) CEO Anuj Goyal Buys 191,750 Private Units
What Happened
Anuj Goyal, identified as CEO, is reported as the controlling person of the sponsor that acquired 191,750 private units of Shreya Acquisition Group on 2026-05-08. Each private unit was purchased at $10.00 for an aggregate purchase price of $1,917,500. The Form 4 lists three related acquisitions reflecting the unit components: 191,750 Class A ordinary shares, 191,750 warrants, and 191,750 rights (each right entitling the holder to 1/4 of a Class A share upon the issuer’s initial business combination). This is a purchase (not a sale) and represents sponsor-level holdings rather than an open-market investment by Goyal personally.
Key Details
- Transaction date: 2026-05-08; Form 4 filed 2026-05-11 (filed within the SEC’s reporting window).
- Price/consideration: $10.00 per private unit; total = $1,917,500.
- Reported holdings after transaction: Sponsor holds 191,750 private units = 191,750 Class A shares, 191,750 warrants, and 191,750 rights (each right = 0.25 Class A share upon combination).
- Notable footnotes:
- The reported units are held by Thews (Mauritius) Limited (the Sponsor), governed by Mind Growth Matrix Private Limited, ~99.9% owned by Anuj Goyal. Goyal has voting and dispositive power over these shares but disclaims direct beneficial ownership except for any pecuniary interest.
- Warrants become exercisable 30 days after the issuer’s initial business combination and expire five years after that combination. Rights convert to one-fourth (1/4) of a Class A share upon the initial business combination.
- Transaction codes: P = Purchase (including the unit components recorded as derivatives/warrants/rights).
Context
These are sponsor-level private units typical of blank-check/SPAC structures: sponsor units normally consist of a share, a warrant, and a right that converts on a business combination. The reported entries separate the unit components (share, warrant, right) for SEC reporting. Because the units are held by the Sponsor and controlled via an entity majority-owned by Goyal, the filing notes his control/pecuniary interest rather than direct personal ownership. This acquisition increases the Sponsor’s pre-combination equity exposure but is not the same as a personal open-market buy by the named executive.