DealsJun 17, 2026, 09:21 AM
Sharon AI Raises $1.6B in Strategic Financing
AI Summary
SharonAI Holdings Inc. announced a $1.6 billion private placement financing, comprising approximately $900 million in equity (common stock and pre-funded warrants) and $700 million in convertible senior notes. The funds will accelerate the deployment of AI Factories across Australia and the Asia-Pacific region, supporting a strategic compute collaboration with NVIDIA. This financing will enable the company to deploy up to 40,000 Grace Blackwell GB300 GPUs and expand its AI Factory capacity.
Key Highlights
- Sharon AI secures $1.6 billion in private placement financing, split between equity and convertible notes.
- Approximately $900 million raised from sale of common stock and pre-funded warrants.
- An additional $700 million raised through 4.75% Convertible Senior Notes due 2032.
- Proceeds to fund strategic compute collaboration with NVIDIA, deploying up to 40,000 Grace Blackwell GB300 GPUs.
- Company plans to build one of Australia's largest AI Factories and expand in Asia-Pacific.
- Total AI Factory capacity expands to 132MW, with 102MW contracted.
- Goldman Sachs & Co. LLC and Lucid Capital Markets served as placement agents.
Price Impact
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