---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-024865"
form_type: "8-K"
ticker: "SHAZ"
cik: "0002068385"
company_name: "SharonAI Holdings Inc."
filed_at: "2026-05-21T21:17:44+00:00"
generated_at: "2026-05-21T21:47:07.373704+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# SharonAI closes $350M 6% convertible notes due 2031; Oaktree leads; proceeds fund GPU procurement

## Summary
- Issued $350M aggregate principal of 6.00% Convertible Senior Notes due May 1, 2031; conversion price ~$48.24/share (20% premium over Nasdaq min).
- Initial conversion rate 20.7292 shares/$1,000; maximum 8,706,250 shares issuable (11,292,009 including accrued interest).
- Proceeds to fund GPU/network procurement and working capital for previously announced $950M cloud contract with Asia-Pacific tech firm.
- Offering led by Oaktree Capital Management Value Opportunities strategy; Lucid Capital Markets acted as sole placement agent.

## SEC filing metadata
- accession: 0001493152-26-024865
- form_type: 8-K
- ticker: SHAZ
- cik: 0002068385
- company_name: SharonAI Holdings Inc.
- filed_at: 2026-05-21T21:17:44+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2068385/000149315226024865/0001493152-26-024865-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2068385/000149315226024865/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-024865
- JSON: https://secwatch.observer/filing/0001493152-26-024865.json
- Plain text: https://secwatch.observer/filing/0001493152-26-024865.txt

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