SharonAI issues 7.6M shares upon conversion of $97.5M notes at $12.53/share

SharonAI Holdings Inc.

Issued 7,649,523 Class A shares on conversion of $97,475,184 principal plus $1,954,845 accrued interest of convertible notes.
Conversion price per share was $12.53, calculated per the December 2025 Note Agreement.
Notes originally issued Dec 19, 2025; obligations assumed after the Jan 28, 2025 business combination.
Shares unregistered; company agreed to file an S-1 registration statement for resale.
Exemptions relied on: Section 4(a)(2), Rule 506(b) of Regulation D, and Regulation S.

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

SharonAI Holdings Inc. issued 7,649,523 shares of its Class A Ordinary Common Stock of common stock to the Noteholders for conversion of an aggregate principal amount of approximately US$97,475,184 of unsecured, redeemable, convertible notes (the "Notes"), together with US$1,954,845.

Security: common stock
Shares: 7,649,523 shares of its Class A Ordinary Common Stock
Purchaser: the Noteholders
Consideration: conversion of an aggregate principal amount of approximately US$97,475,184 of unsecured, redeemable, convertible notes (the "Notes"), together with US$1,954,845

Exact text from the filing

On June 11, 2026, SharonAI Holdings Inc. (the “Company”) issued 7,649,523 shares of its Class A Ordinary Common Stock, par value $0.0001 per share (the “Conversion Shares”) upon conversion of an aggregate principal amount of approximately US$97,475,184 of unsecured, redeemable, convertible notes (the “Notes”), together with US$1,954,845 of accrued and unpaid interest thereon pursuant to the terms of that certain Convertible Note Agreement (the “Agreement”), dated December 19, 2025, by and among SharonAI, Inc., SharonAI Pty Ltd and certain investors (the “Noteholders”)

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SharonAI Holdings Inc. filing history →

Source: SEC EDGAR

accession 0001493152-26-028362

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