Quarterly ResultJun 18, 2026, 05:31 PM
Shreya Acquisition Group Reports Q3 Loss of $97,808; IPO Completed Post-Period
AI Summary
Shreya Acquisition Group filed its 10-Q for the period ending March 31, 2026, reporting a net loss of $97,808 for the nine-month period. The company's total assets grew to $156,405 from $51,150, primarily due to an increase in deferred offering costs. However, current liabilities also saw a substantial rise to $235,878. As of the reporting date, the company had no cash and a significant working capital deficit. Notably, the company consummated its Initial Public Offering on May 8, 2026, subsequent to the balance sheet date, which is expected to improve its financial position.
Key Highlights
- Shreya Acquisition Group reported a net loss of $97,808 for the nine months ended March 31, 2026.
- The company had total assets of $156,405 as of March 31, 2026, an increase from $51,150 as of June 30, 2025.
- Total current liabilities increased significantly to $235,878 as of March 31, 2026, from $32,815 as of June 30, 2025.
- Deferred offering costs increased from $50,000 to $153,517 between June 30, 2025, and March 31, 2026.
- The company had no cash and a working capital deficit of $232,990 as of March 31, 2026.
- Subsequent to the balance sheet date, the company consummated its Initial Public Offering on May 8, 2026.
Price Impact
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