SharonAI issues 7,649,523 unregistered shares in conversion of US$ 99.43 million notes at US$ 12.53 each

SharonAI Holdings, Inc. Class A

SharonAI Holdings, Inc. Class A

SHAZ

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  • SharonAI Holdings issued 7,649,523 unregistered Class A ordinary shares on June 11, 2026 through conversion of unsecured, redeemable, convertible notes.
  • Conversion covered about US$ 97.48 million of principal, US$ 1.95 million of accrued interest; conversion price set at US$ 12.53 per share.
  • Shares were issued under private-offering exemptions, including Section 4(a)(2), Rule 506(b), Regulation D, and Regulation S.
  • Registration rights granted; resale registration planned via an S-1 registration statement.


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