---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-019260"
form_type: "8-K"
ticker: "SHAZ"
cik: "0002068385"
company_name: "SharonAI Holdings Inc."
filed_at: "2026-04-28T23:59:59+00:00"
generated_at: "2026-05-15T03:19:59.162123+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# SharonAI issues $350M 6% Convertible Senior Notes due 2031 for GPU procurement

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-26-019260
- form_type: 8-K
- ticker: SHAZ
- cik: 0002068385
- company_name: SharonAI Holdings Inc.
- filed_at: 2026-04-28T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2068385/000149315226019260/0001493152-26-019260-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2068385/000149315226019260/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-019260
- JSON: https://secwatch.observer/filing/0001493152-26-019260.json
- Plain text: https://secwatch.observer/filing/0001493152-26-019260.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.