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

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