SharonAI Holdings Inc. (SHAZ): debt financing — SharonAI raises $1.6B via equity and convertible notes for NVIDIA AI factory expansion

SharonAI Holdings Inc.

$900M equity offering: ~6.72M shares at $68.73 and pre-funded warrants for 6.37M shares.
$700M 4.75% Convertible Senior Notes due 2032 with initial conversion price ~$99.66 per share (45% premium).
Proceeds to fund six-year strategic compute collaboration with NVIDIA, deploying up to 40,000 Grace Blackwell GB300 GPUs.
Filing amends prior 8-K: Notes principal corrected to $700M (from $600M) and conversion price to $99.66 (from $95.66).
Expected closing on or about June 22, 2026, subject to customary conditions.

item 1.01 item 2.03 item 3.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

SharonAI Holdings Inc. incurred convertible notes of $700 million.

Instrument: convertible notes
Principal: $700 million
Event: incurrence

Exact text from the filing

to correct under (A) “Item 1.01 Entry into a Material Definitive Agreement - Securities Purchase Agreement - Convertible Notes” (i) the aggregate principal amount of Notes to $700 million from $600 million

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SharonAI Holdings Inc. filing history →

Source: SEC EDGAR

accession 0001493152-26-029052

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