other_material
confidence high
sentiment positive
materiality 0.90
Sharon AI prices IPO at $30/sh, raises $125M gross; begins trading on Nasdaq under SHAZ
SharonAI Holdings Inc.
- Priced 4,166,666 shares at $30.00 each for $125M gross; net proceeds ~$118.9M.
- Net proceeds to be used for additional GPU equipment and working capital.
- Common stock began trading on Nasdaq Capital Market on Feb 18, 2026 under ticker 'SHAZ'.
- Offering led by Oaktree Capital Management and Two Seas Capital; Lucid Capital Markets sole book-runner.
- Underwriters have 45-day option for up to 625,000 additional shares; 60-day company lock-up, 90-day officer/director lock-up.