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The latest announcement is out from SharonAI Holdings ( (SHAZ) ).
On February 18, 2026, SharonAI Holdings Inc. priced its U.S. initial public offering of 4,166,666 Class A shares at $30.00 each, raising gross proceeds of about $125 million, led by funds managed by Oaktree Capital Management and Two Seas Capital. Its shares began trading the same day on the Nasdaq Capital Market under the ticker “SHAZ,” after previously trading over-the-counter.
The company closed the offering on February 19, 2026, receiving approximately $118.91 million in net proceeds to fund additional GPU-focused equipment, working capital and other general corporate purposes. Sharon AI and its officers and directors agreed to lock-up periods of 60 and 90 days respectively, while Lucid Capital Markets acted as sole book-running manager under an underwriting agreement with customary terms and indemnities.
More about SharonAI Holdings
SharonAI Holdings Inc. is an Australian high-performance computing company focused on artificial intelligence and cloud GPU compute infrastructure. Its cloud GPU platform supports AI factories and sovereign AI solutions, targeting the growing market for accelerated computing and advanced data center capacity.
The company’s infrastructure is designed to power next-generation AI workloads for institutional and enterprise customers. By expanding its GPU-based cloud capabilities, Sharon AI aims to capture demand from organizations seeking scalable, high-intensity compute resources.
Average Trading Volume: 46,505
Technical Sentiment Signal: Sell
Current Market Cap: $13.17K
Find detailed analytics on SHAZ stock on TipRanks’ Stock Analysis page.