Sharon AI Closes US$1.6 Billion Strategic Financing

SharonAI Holdings Inc. announced the closing of its oversubscribed US$1.6 billion strategic financing. The financing comprised a US$900 million private placement of Class A Ordinary Common Stock and pre-funded warrants, and a US$700 million private placement of 4.75% Convertible Senior Notes due 2032. The transaction was anchored by Situational Awareness L.P. and Oaktree Capital Management, L.P., with proceeds intended to fund Sharon AI's six-year strategic compute collaboration with NVIDIA, including the deployment of an AI Factory with up to 40,000 Grace Blackwell GB300 GPUs.