SharonAI closes private offering of US$ 350 million convertible senior notes due 2031

SharonAI Holdings, Inc. Class A

SharonAI Holdings, Inc. Class A

SHAZ

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  • SharonAI closed a private offering of Convertible Senior Notes due 2031, raising gross proceeds of USD 350 million.
  • Oaktree led the financing, with participation from Two Seas Capital and other institutional investors.
  • Proceeds are earmarked for GPU and network procurement, with additional working capital for AI cloud deployments.
  • The funding supports a previously announced cloud infrastructure agreement valued at about USD 950 million over five years, with revenue expected to start in late Q3 2026 through Q4 2026.


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