secwatch.observer — SEC 8-K summary
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Issuer:     SharonAI Holdings Inc. (SHAZ)
CIK:        0002068385
Form:       8-K
Filed at:   2026-06-12T11:00:37+00:00
Accession:  0001493152-26-028362
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2068385/000149315226028362/0001493152-26-028362-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2068385/000149315226028362/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-028362

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