SharonAI Prices $125M Initial Public Offering Of 4.167M Class A Ordinary Shares At $30/Share

SharonAI Holdings, Inc. Class A +2.58%

SharonAI Holdings, Inc. Class A

SHAZ

19.50

+2.58%

SharonAI Holdings Inc. and its subsidiaries ("Sharon AI" or the "Company"), a leading Australian Neocloud, today announced the pricing of its initial public offering (the "Offering") in the United States of 4,166,666 shares of its Class A Ordinary Common Stock (the "Common Stock") at a public offering price of $30.00 per share, for total gross proceeds of approximately $125 million, before deducting underwriting discounts and commissions and other offering expenses. The Company intends to use the net proceeds from the Offering to acquire additional GPU focused equipment and for working capital and other general corporate purposes.

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