{"success":true,"data":{"pressRelease":{"id":"41413","rtpr_id":"nBwb2FVGNa","ticker":"SHAZ","exchange":"NASDAQ","all_tickers":["SHAZ"],"title":"Sharon AI Announces Closing of Private Offering of Convertible Senior Notes With Aggregate Gross Proceeds of US$350 Million","author":"Business Wire","published_at":"2026-05-20T22:23:00.074Z","article_body":"Sharon AI Announces Closing of Private Offering of Convertible Senior Notes\nWith Aggregate Gross Proceeds of US$350 Million\n\nToday, SharonAI Holdings Inc. (NASDAQ:SHAZ) and its subsidiaries (“Sharon\nAI” or “the Company”), a leading Australian Neocloud, announced the\nclosing of its previously announced offering of Convertible Senior Notes due\nin 2031 (the “Notes”) in a private offering to qualified institutional\nbuyers pursuant to Rule 144A under the Securities Act of 1933, as amended. The\nfinancing was led by Oaktree Capital Management, L.P. (“Oaktree”),\nincluding funds and accounts within Oaktree’s Value Opportunities investment\nstrategy, with participation from Two Seas Capital LP and other new and\nexisting institutional investors.\n\nAs previously stated, the Company intends to use the proceeds from the\noffering to fund GPU and network procurement, along with working capital to\nsupport revenue-generating AI cloud deployments. This includes the previously\nannounced cloud computing infrastructure agreement with a global technology\ncompany with a major Asia-Pacific presence, valued at approximately US$950\nmillion over five years, from which revenue is expected to commence by the end\nof the third and fourth quarters of 2026.\n\nInformation about the terms of the Notes can be found in the Company’s\nreport on Form 8-K filed with the Securities and Exchange Commission\n(“SEC”) on April 28, 2026.\n\nLucid Capital Markets acted as sole placement agent for this transaction.\n\nSheppard Mullin Richter & Hampon served as counsel for Sharon AI for this\ntransaction. Ellenoff Grossman & Schole LLP served as counsel for the\nplacement agent for this transaction. Latham & Watkins LLP served as\ncounsel to Oaktree for this transaction.\n\nThis press release does not constitute an offer to sell, or the solicitation\nof an offer to buy, any securities, nor shall there be any sale of securities\nin any state or jurisdiction in which such offer, solicitation or sale would\nbe unlawful prior to registration or qualification under the securities laws\nof any state or jurisdiction.\n\nDisclosure Information\n\nSharon AI primarily uses its Investor Relations page\n(https://sharonai.com/investors/\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fsharonai.com%2Finvestors%2F&esheet=54539647&newsitemid=20260520866328&lan=en-US&anchor=https%3A%2F%2Fsharonai.com%2Finvestors%2F&index=1&md5=0c945b2d14c6a70fbf33e5648b35dd32)\n) to disclose material non-public information and to comply with its\ndisclosure obligations under Regulation FD. The Company also notes that, at\ntimes, it uses other communication mediums including, but not limited to, its\nX account (sharon__ai) and/or LinkedIn account (sharon-AI) to disseminate\ninformation about the Company, and can be additional sources of information\noutside press releases, regulatory filings with the SEC and any other\nconference calls, webcasts, investor days, etc. that the company may hold.\n\nAbout Sharon AI\n\nSharon AI, a leading Australian Neocloud, is a High-Performance Computing\ncompany focused on Artificial Intelligence and Cloud GPU Compute\nInfrastructure. Our cloud GPU platform and compute infrastructure is\naccelerating the build of AI factories and sovereign AI solutions, powering\nthe next wave of accelerated computing adoption. For more information, visit\nwww.sharonai.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sharonai.com&esheet=54539647&newsitemid=20260520866328&lan=en-US&anchor=www.sharonai.com&index=2&md5=17eedd7a8558b47ff06a0d94f33428d3)\n.\n\nForward-Looking Statements\n\nThis press release may contain, and our officers and representatives may from\ntime to time make, “forward-looking statements” within the meaning of the\nsafe harbor provisions of the U.S. Private Securities Litigation Reform Act of\n1995, which are not historical facts and which are not assurances of future\nperformance. Forward-looking statements are based only on our current beliefs,\nexpectations and assumptions regarding the future of our business, future\nplans and strategies, projections, anticipated events and trends, the economy\nand other future conditions. In some cases you can identify these statements\nby forward-looking words such as “believe,” “may,” “will,”\n“estimate,” “continue,” “anticipate,” “intend,” “could,”\n“should,” “would,” “project,” “strategy,” “plan,”\n“expect,” “goal,” “seek,” “future,” “likely” or the\nnegative or plural of these words or similar expressions or references to\nfuture periods. Forward-looking statements in this release include specific\nstatements regarding the completion of the offering and the intended use of\nproceeds. Examples of such forward-looking statements include but are not\nlimited to express or implied statements regarding Sharon AI’s management\nteam’s expectations, hopes, beliefs, intentions or strategies regarding the\nfuture including, without limitation, statements regarding:\n\n\n * Service and product offerings;\n\n * Use of proceeds;\n\n * Acceleration of the deployment of assets;\n\n * Acceleration of Sharon AI’s ability to engage with additional potential\ncustomers;\n\n * Expansion of Sharon AI’s data center footprint;\n\n * The firming of Sharon AI’s ability to formally lease additional capacity;\nand\n\n * The strengthening of Sharon AI’s partner network.\n\nIn addition, any statements that refer to projections, forecasts or other\ncharacterizations of future events or circumstances, including any underlying\nassumptions, are forward-looking statements. Because forward-looking\nstatements relate to the future, they are subject to inherent uncertainties,\nrisks and changes in circumstances that are difficult to predict and many of\nwhich are outside of our control. You are cautioned that such statements are\nnot guarantees of future performance and that actual results or developments\nmay differ materially from those set forth in these forward-looking\nstatements. Therefore, you should not rely on any of these forward-looking\nstatements. Important factors that could cause actual results to differ\nmaterially from these forward-looking statements include, among others, all of\nthe risks described in the “Risk Factors” section of the Company’s most\nrecent Annual Report on Form 10-K filed with the SEC. Additional assumptions,\nrisks and uncertainties are described in detail in our registration\nstatements, reports and other filings with the SEC, which are available at\nwww.sec.gov\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sec.gov&esheet=54539647&newsitemid=20260520866328&lan=en-US&anchor=www.sec.gov&index=3&md5=5809e4d521f16c15dbbea7d39564cd48)\n.\n\nThe forward-looking statements and other information contained in this news\nrelease are made as of the date hereof and Sharon AI does not undertake any\nobligation to update publicly or revise any forward-looking statements or\ninformation, whether as a result of new information, future events or\notherwise, unless so required by applicable securities laws.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260520866328/en/\n(https://www.businesswire.com/news/home/20260520866328/en/)\n\nSharon AI Media Enquiries:\n\nZachary Nevas\n\nIMS Investor Relations\n\n+1 203.972.9200\n\nsharonai@imsinvestorrelations.com (mailto:sharonai@imsinvestorrelations.com)\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBwb2FVGNa","title":"Sharon AI Announces Closing of Private Offering of Convertible Senior Notes With Aggregate Gross Proceeds of US$350 Million","author":"Business Wire","ticker":"SHAZ","created":"2026-05-20T22:23:00.074Z","tickers":["SHAZ"],"exchange":"NASDAQ","article_body":"Sharon AI Announces Closing of Private Offering of Convertible Senior Notes\nWith Aggregate Gross Proceeds of US$350 Million\n\nToday, SharonAI Holdings Inc. (NASDAQ:SHAZ) and its subsidiaries (“Sharon\nAI” or “the Company”), a leading Australian Neocloud, announced the\nclosing of its previously announced offering of Convertible Senior Notes due\nin 2031 (the “Notes”) in a private offering to qualified institutional\nbuyers pursuant to Rule 144A under the Securities Act of 1933, as amended. The\nfinancing was led by Oaktree Capital Management, L.P. (“Oaktree”),\nincluding funds and accounts within Oaktree’s Value Opportunities investment\nstrategy, with participation from Two Seas Capital LP and other new and\nexisting institutional investors.\n\nAs previously stated, the Company intends to use the proceeds from the\noffering to fund GPU and network procurement, along with working capital to\nsupport revenue-generating AI cloud deployments. This includes the previously\nannounced cloud computing infrastructure agreement with a global technology\ncompany with a major Asia-Pacific presence, valued at approximately US$950\nmillion over five years, from which revenue is expected to commence by the end\nof the third and fourth quarters of 2026.\n\nInformation about the terms of the Notes can be found in the Company’s\nreport on Form 8-K filed with the Securities and Exchange Commission\n(“SEC”) on April 28, 2026.\n\nLucid Capital Markets acted as sole placement agent for this transaction.\n\nSheppard Mullin Richter & Hampon served as counsel for Sharon AI for this\ntransaction. Ellenoff Grossman & Schole LLP served as counsel for the\nplacement agent for this transaction. Latham & Watkins LLP served as\ncounsel to Oaktree for this transaction.\n\nThis press release does not constitute an offer to sell, or the solicitation\nof an offer to buy, any securities, nor shall there be any sale of securities\nin any state or jurisdiction in which such offer, solicitation or sale would\nbe unlawful prior to registration or qualification under the securities laws\nof any state or jurisdiction.\n\nDisclosure Information\n\nSharon AI primarily uses its Investor Relations page\n(https://sharonai.com/investors/\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fsharonai.com%2Finvestors%2F&esheet=54539647&newsitemid=20260520866328&lan=en-US&anchor=https%3A%2F%2Fsharonai.com%2Finvestors%2F&index=1&md5=0c945b2d14c6a70fbf33e5648b35dd32)\n) to disclose material non-public information and to comply with its\ndisclosure obligations under Regulation FD. The Company also notes that, at\ntimes, it uses other communication mediums including, but not limited to, its\nX account (sharon__ai) and/or LinkedIn account (sharon-AI) to disseminate\ninformation about the Company, and can be additional sources of information\noutside press releases, regulatory filings with the SEC and any other\nconference calls, webcasts, investor days, etc. that the company may hold.\n\nAbout Sharon AI\n\nSharon AI, a leading Australian Neocloud, is a High-Performance Computing\ncompany focused on Artificial Intelligence and Cloud GPU Compute\nInfrastructure. Our cloud GPU platform and compute infrastructure is\naccelerating the build of AI factories and sovereign AI solutions, powering\nthe next wave of accelerated computing adoption. For more information, visit\nwww.sharonai.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sharonai.com&esheet=54539647&newsitemid=20260520866328&lan=en-US&anchor=www.sharonai.com&index=2&md5=17eedd7a8558b47ff06a0d94f33428d3)\n.\n\nForward-Looking Statements\n\nThis press release may contain, and our officers and representatives may from\ntime to time make, “forward-looking statements” within the meaning of the\nsafe harbor provisions of the U.S. Private Securities Litigation Reform Act of\n1995, which are not historical facts and which are not assurances of future\nperformance. Forward-looking statements are based only on our current beliefs,\nexpectations and assumptions regarding the future of our business, future\nplans and strategies, projections, anticipated events and trends, the economy\nand other future conditions. In some cases you can identify these statements\nby forward-looking words such as “believe,” “may,” “will,”\n“estimate,” “continue,” “anticipate,” “intend,” “could,”\n“should,” “would,” “project,” “strategy,” “plan,”\n“expect,” “goal,” “seek,” “future,” “likely” or the\nnegative or plural of these words or similar expressions or references to\nfuture periods. Forward-looking statements in this release include specific\nstatements regarding the completion of the offering and the intended use of\nproceeds. Examples of such forward-looking statements include but are not\nlimited to express or implied statements regarding Sharon AI’s management\nteam’s expectations, hopes, beliefs, intentions or strategies regarding the\nfuture including, without limitation, statements regarding:\n\n\n * Service and product offerings;\n\n * Use of proceeds;\n\n * Acceleration of the deployment of assets;\n\n * Acceleration of Sharon AI’s ability to engage with additional potential\ncustomers;\n\n * Expansion of Sharon AI’s data center footprint;\n\n * The firming of Sharon AI’s ability to formally lease additional capacity;\nand\n\n * The strengthening of Sharon AI’s partner network.\n\nIn addition, any statements that refer to projections, forecasts or other\ncharacterizations of future events or circumstances, including any underlying\nassumptions, are forward-looking statements. Because forward-looking\nstatements relate to the future, they are subject to inherent uncertainties,\nrisks and changes in circumstances that are difficult to predict and many of\nwhich are outside of our control. You are cautioned that such statements are\nnot guarantees of future performance and that actual results or developments\nmay differ materially from those set forth in these forward-looking\nstatements. Therefore, you should not rely on any of these forward-looking\nstatements. Important factors that could cause actual results to differ\nmaterially from these forward-looking statements include, among others, all of\nthe risks described in the “Risk Factors” section of the Company’s most\nrecent Annual Report on Form 10-K filed with the SEC. Additional assumptions,\nrisks and uncertainties are described in detail in our registration\nstatements, reports and other filings with the SEC, which are available at\nwww.sec.gov\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sec.gov&esheet=54539647&newsitemid=20260520866328&lan=en-US&anchor=www.sec.gov&index=3&md5=5809e4d521f16c15dbbea7d39564cd48)\n.\n\nThe forward-looking statements and other information contained in this news\nrelease are made as of the date hereof and Sharon AI does not undertake any\nobligation to update publicly or revise any forward-looking statements or\ninformation, whether as a result of new information, future events or\notherwise, unless so required by applicable securities laws.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260520866328/en/\n(https://www.businesswire.com/news/home/20260520866328/en/)\n\nSharon AI Media Enquiries:\n\nZachary Nevas\n\nIMS Investor Relations\n\n+1 203.972.9200\n\nsharonai@imsinvestorrelations.com (mailto:sharonai@imsinvestorrelations.com)\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-05-20T22:23:00.110962212Z","server_sent_at_ms":1779315780110},"received_at":"2026-05-20T22:23:00.186Z","source_url":"https://www.businesswire.com/news/home/20260520866328/en/"},"analysis":{"id":"30852","press_release_id":"41413","analysis_json":{"industry":{"label":"Software","sector":"Information Technology"},"redFlags":[],"eventType":"debt_offering","narrative":"Sharon AI announced the closing of a private offering of Convertible Senior Notes due in 2031, raising aggregate gross proceeds of US$350 million.\n\nThe financing was led by Oaktree Capital Management, with participation from Two Seas Capital LP and other institutional investors. Lucid Capital Markets acted as the sole placement agent.\n\nThe company intends to use the proceeds to fund GPU and network procurement and working capital for AI cloud deployments. This capital supports a previously announced US$950 million cloud computing infrastructure agreement with a global technology company, with revenue expected to commence in late 2026.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Sharon AI closes $350M debt round led by Oaktree to fund GPU build-out for major $950M contract."},"keyFigures":{"dealValueUsd":350000000,"customDimensions":{"contract_value_usd":950000000,"contract_term_years":5}},"quotedText":"The Company intends to use the proceeds from the offering to fund GPU and network procurement, along with working capital to support revenue-generating AI cloud deployments.","namedEntities":{"people":[{"name":"Zachary Nevas","role":"Media Enquiries / Investor Relations"}],"products":[],"companies":[{"name":"SharonAI Holdings Inc.","ticker":"SHAZ","relationship":"filer"},{"name":"Oaktree Capital Management, L.P.","relationship":"lead investor"},{"name":"Two Seas Capital LP","relationship":"investor"},{"name":"Lucid Capital Markets","relationship":"placement agent"},{"name":"Sheppard Mullin Richter & Hampton","relationship":"counsel"},{"name":"Ellenoff Grossman & Schole LLP","relationship":"counsel"},{"name":"Latham & Watkins LLP","relationship":"counsel"}],"dollarAmounts":[{"amount":"US$350 Million","context":"aggregate gross proceeds of convertible senior notes"},{"amount":"US$950 million","context":"value of cloud computing infrastructure agreement"}]},"materialImpact":{"score":4,"reasoning":"Closing of a significant $350M debt financing led by a major institutional investor (Oaktree) provides critical capital for GPU procurement and supports a large $950M infrastructure contract. This de-risks the company's near-term execution and growth trajectory."},"tickerRelevance":{"others":[],"primary":"SHAZ"},"globalImportance":35,"audienceRelevance":40,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"small-cap","eventGravity":"material_capital_raise","sectorWeight":"high","householdBrandBoost":"low","marketCapAdjustment":"neutral","retailFavoriteBoost":"low"}},"event_type":"debt_offering","event_type_secondary":null,"sentiment":"bullish","material_impact_score":4,"narrative":"Sharon AI announced the closing of a private offering of Convertible Senior Notes due in 2031, raising aggregate gross proceeds of US$350 million.\n\nThe financing was led by Oaktree Capital Management, with participation from Two Seas Capital LP and other institutional investors. Lucid Capital Markets acted as the sole placement agent.\n\nThe company intends to use the proceeds to fund GPU and network procurement and working capital for AI cloud deployments. This capital supports a previously announced US$950 million cloud computing infrastructure agreement with a global technology company, with revenue expected to commence in late 2026.","key_figures":{"dealValueUsd":350000000,"customDimensions":{"contract_value_usd":950000000,"contract_term_years":5}},"named_entities":{"people":[{"name":"Zachary Nevas","role":"Media Enquiries / Investor Relations"}],"products":[],"companies":[{"name":"SharonAI Holdings Inc.","ticker":"SHAZ","relationship":"filer"},{"name":"Oaktree Capital Management, L.P.","relationship":"lead investor"},{"name":"Two Seas Capital LP","relationship":"investor"},{"name":"Lucid Capital Markets","relationship":"placement agent"},{"name":"Sheppard Mullin Richter & Hampton","relationship":"counsel"},{"name":"Ellenoff Grossman & Schole LLP","relationship":"counsel"},{"name":"Latham & Watkins LLP","relationship":"counsel"}],"dollarAmounts":[{"amount":"US$350 Million","context":"aggregate gross proceeds of convertible senior notes"},{"amount":"US$950 million","context":"value of cloud computing infrastructure agreement"}]},"model_name":"qwen3_6_27b_awq","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-05-20T22:23:11.546Z","global_importance":35,"audience_relevance":40,"importance_components":{"tickerTier":"small-cap","eventGravity":"material_capital_raise","sectorWeight":"high","householdBrandBoost":"low","marketCapAdjustment":"neutral","retailFavoriteBoost":"low"}},"durationMs":11314,"modelName":"george-droid-qwen-72b"}}