SharonAI Holdings Inc. (SHAZ): debt financing — SharonAI issues $350M 6% Convertible Senior Notes due 2031 for GPU procurement

SharonAI Holdings Inc.

Issued $350M of 6.00% Convertible Senior Notes due 2031, convertible at ~$48.24 per share (20% premium to Nasdaq minimum price).
Offering led by Oaktree Capital Management with participation from Two Seas Capital and other institutional investors.
Net proceeds to fund GPU and network procurement and working capital for revenue-generating AI cloud deployments.
Founders agreed to lock-up shares until March 31, 2027, subject to exceptions.
Notes guaranteed by subsidiary guarantors; initial conversion rate 20.7292 shares per $1,000 of principal.

item 1.01 item 2.03 item 3.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

SharonAI Holdings Inc. incurred convertible notes of $350 million aggregate principal amount with qualified institutional buyers at 6.00% per year maturing May 1, 2031.

Instrument: convertible notes
Principal: $350 million aggregate principal amount
Counterparty: qualified institutional buyers
Rate: 6.00% per year
Maturity: May 1, 2031
Event: incurrence

Exact text from the filing

April 26, 2026, SharonAI Holdings Inc. (the “Company”) entered into a Securities Purchase Agreement (the “Purchase Agreement”) with certain qualified institutional buyers relating to the private offering (the “Offering”) of $350 million aggregate principal amount of the Company’s 6.00% Convertible Senior Notes due 2031

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

SharonAI Holdings Inc. entered into Securities Purchase Agreement with certain qualified institutional buyers valued at $350 million (effective 2026-04-26).

Action: entry
Agreement: notes offering
Counterparty: certain qualified institutional buyers
Value: $350 million
Effective: 2026-04-26

Exact text from the filing

On April 26, 2026, SharonAI Holdings Inc. (the “Company”) entered into a Securities Purchase Agreement (the “Purchase Agreement”) with certain qualified institutional buyers relating to the private offering (the “Offering”) of $350 million aggregate principal amount of the Company’s 6.00% Convertible Senior Notes due 2031 (the “Notes”).

View on SEC.gov

101 debt financings filed in the last 30 days. Browse all debt financings →

SharonAI Holdings Inc. filing history →

Source: SEC EDGAR

accession 0001493152-26-019260

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