secwatch.observer — SEC 8-K summary
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Issuer:     SharonAI Holdings Inc. (SHAZ)
CIK:        0002068385
Form:       8-K
Filed at:   2026-05-21T21:17:44+00:00
Accession:  0001493152-26-024865
Event type: debt
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2068385/000149315226024865/0001493152-26-024865-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2068385/000149315226024865/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-024865

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