secwatch.observer — SEC 8-K summary
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Issuer:     SharonAI Holdings Inc. (SHAZ)
CIK:        0002068385
Form:       8-K
Filed at:   2026-06-17T13:17:52+00:00
Accession:  0001493152-26-029005
Event type: debt
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 2.03, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sharon AI raises $1.6B via equity and convertible notes for NVIDIA AI factory expansion
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- Raised ~$900M equity (6.7M shares at $68.73 + pre-funded warrants for 6.4M shares) and $700M 4.75% convertible notes due 2032.
- Proceeds to fund six-year NVIDIA collaboration: deploy up to 40,000 Grace Blackwell GB300 GPUs in Australia.
- Total AI factory capacity 132MW, 102MW contracted; >55,000 NVIDIA GPUs expected by mid-2027.
- Convertible notes have initial conversion price ~$99.66 (45% premium to equity placement price of $68.73).
- Financing anchored by Situational Awareness and Oaktree; expected close June 22, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2068385/000149315226029005/0001493152-26-029005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2068385/000149315226029005/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-029005

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer