SharonAI Raises $350M via Convertible Senior Notes Offering

SharonAI Holdings ( (SHAZ) ) has shared an announcement.

On April 26–27, 2026, SharonAI Holdings Inc. entered into definitive agreements with qualified institutional buyers for a private offering of $350 million of 6.00% Convertible Senior Notes due 2031, led by Oaktree Capital with participation from Two Seas Capital and other investors. The notes, issued at par with a five‑year term, quarterly cash coupon and initial conversion price of about $48.24—a 20% premium to the relevant Nasdaq pricing benchmark—are senior unsecured obligations guaranteed by key subsidiaries and convertible into common stock under defined terms and caps.

The deal includes restrictions on additional share or variable‑rate securities issuance for specified periods, as well as founder lock‑ups through March 31, 2027, signaling an effort to manage dilution and support trading conditions as the capital is deployed. Net proceeds are earmarked primarily for GPU and network procurement and working capital for AI cloud deployments, a move that should materially expand Sharon AI’s compute capacity and data‑center footprint, reinforcing its competitive position in AI infrastructure while tying execution to milestones such as securing a large Sydney S6 GPU customer contract and maintaining covenant compliance under the new debt structure.

The most recent analyst rating on (SHAZ) stock is a Buy with a $50.00 price target. To see the full list of analyst forecasts on SharonAI Holdings stock, see the SHAZ Stock Forecast page.

More about SharonAI Holdings

SharonAI Holdings Inc., listed on Nasdaq as SHAZ, is a leading Australian “Neocloud” and high‑performance computing company focused on artificial intelligence and cloud GPU compute infrastructure. Its cloud GPU platform underpins AI factories and sovereign AI solutions, targeting the fast‑growing market for accelerated computing and enterprise AI cloud deployments.

The company’s infrastructure is designed to support revenue‑generating AI cloud workloads, leveraging high‑end GPU and networking capacity to serve institutional and commercial customers. Sharon AI positions itself as a specialist provider of scalable GPU cloud resources rather than a general‑purpose hyperscale cloud, aiming to capture demand from AI developers, enterprises and partners needing dedicated high‑performance compute.

Average Trading Volume: 229,860

Technical Sentiment Signal: Buy

Current Market Cap: $680.7M

See more data about SHAZ stock on TipRanks’ Stock Analysis page.