secwatch.observer — SEC 8-K summary
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Issuer:     SharonAI Holdings Inc. (SHAZ)
CIK:        0002068385
Form:       8-K
Filed at:   2025-12-22T23:59:59+00:00
Accession:  0001829126-25-010201
Event type: debt
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 2.03, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2068385/000182912625010201/0001829126-25-010201-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2068385/000182912625010201/sharonaiholdings_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-25-010201

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