SharonAI completes US$100M convertible note raise at 12-15% interest, proceeds for NVIDIA GPU deployment

SharonAI Holdings Inc.

$100M convertible note raise (up to $200M oversubscription) closed Dec 19, 2025; Canaccord Genuity Australia lead manager.
Notes bear 12% interest from Apr-Dec 2026, then 15% from Dec 2026 to maturity on Dec 19, 2027.
Proceeds primarily to accelerate deployment of high-density NVIDIA GPUs (B200, B300, GB300).
Conversion shares calculated using discounted price or valuation cap; subject to Nasdaq rules or stockholder approval.
Participation from new and existing institutional investors and strategic corporates.

item 1.01 item 2.03 item 3.02 item 7.01 item 9.01

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