SharonAI Holdings Inc.

SharonAI Holdings Inc. announced its 2026 Annual Meeting of Stockholders will be held virtually on August 27, 2026. Stockholders will vote on four key proposals, including the ratification of auditors, election of two Class I directors, approval of an amendment to the Omnibus Equity Incentive Plan, and the issuance of shares related to pre-funded warrants. The Board of Directors unanimously recommends voting in favor of all proposals. The record date for voting is July 2, 2026.

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.

SharonAI Holdings Inc. completed a private equity offering, raising approximately $900 million through the sale of Class A Ordinary Common Stock and pre-funded warrants. Concurrently, the company also issued $700 million in 4.75% Convertible Senior Notes due 2032 through a private offering. These capital raises aim to strengthen the company's financial position.

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.

SharonAI Holdings Inc. announced an expanded strategic partnership with VAST Data to power AI factories across Australia and Asia-Pacific. The company will deploy 600PB of the VAST AI Operating System as the foundational data layer for its AI cloud infrastructure. This significant deployment positions Sharon AI at the forefront of Australia's independent AI capability, supporting sovereign and regulated environments with high-performance, secure data management.

SharonAI Holdings Inc. announced a six-year strategic compute collaboration with NVIDIA Corporation, valued at up to $4.88 billion. This partnership will enable the deployment of 72 megawatts of new data center capacity in Australia, featuring up to 40,000 Grace Blackwell GB300 GPUs, expanding Sharon AI's total AI factory capacity to 132MW. The agreement includes a revenue-sharing and credit-support model, providing Sharon AI with a capital-efficient path to scale. However, the company highlighted significant risks, including challenges in procurement, delivery, and operational requirements, the need to secure substantial financing, and its limited experience in managing such large-scale contracts, which could lead to reduced revenue, increased costs, and potential termination.

SharonAI Holdings Inc. announced the issuance of 7,649,523 shares of its Class A Ordinary Common Stock on June 11, 2026. These shares were issued upon the conversion of approximately $97.48 million in unsecured, redeemable, convertible notes, along with $1.95 million in accrued interest. The conversion occurred at a price of $12.53 per share, as per the Convertible Note Agreement from December 2025. The company plans to register these shares for resale via an S-1 registration statement.

SharonAI Holdings Inc. (SHAZ) has filed an S-1 registration statement with the SEC, detailing the resale of up to 11,292,009 shares of Class A Ordinary Common Stock issuable upon conversion of its $350 million aggregate principal amount of 6.00% Convertible Senior Notes due 2031. The notes bear interest at 6.00% and are convertible into common stock at an initial price of approximately $48.24 per share. The company, an Australian neocloud operator specializing in AI and HPC infrastructure, is not selling any securities itself and will not receive proceeds from the resale by selling securityholders. The filing also highlights recent business developments, including a significant AI infrastructure agreement and the closing of the convertible note offering.

Sharon AI Holdings Inc. appointed Mr. Andrew Penn as non-executive Chairman of its Board of Directors, effective May 21, 2026. Mr. Penn, a global business and technology leader with deep experience across financial services, technology, and telecommunications, will also serve on the Corporate Governance and Nominating, Compensation, and Audit and Risk Management Committees. His compensation package includes an initial grant of 40,000 restricted stock units, an annual grant of 6,944 restricted stock units, and $165,000 in annual cash compensation.

SharonAI Holdings Inc. announced the closing of its private offering of $350 million aggregate principal amount of 6.00% Convertible Senior Notes due 2031. The offering, led by Oaktree Capital Management, L.P., will fund GPU and network procurement and provide working capital for AI cloud deployments. These funds are intended to support a previously announced $950 million cloud computing infrastructure agreement, with revenue expected to commence by the end of the third and fourth quarters of 2026.