SharonAI closes $1.6B private placement financing round
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Sharon AI Announces Closing of US$1.6 Billion Strategic Financing
June 29, 2026 7:00 AM EDTNEW YORK--(BUSINESS WIRE)-- SharonAI Holdings Inc. (NASDAQ: SHAZ) and its subsidiaries (Sharon AI or the Company), a leading Australian Neocloud, today announced the closing of its previously announced, oversubscribed US$1.6 billion private placement financing (the Transaction). The Transaction was comprised of i) a private placement of approximately US$900 million, split between 6,719,896 shares of the Companys Class A Ordinary Common Stock and pre-funded warrants to purchase 6,374,823 shares of the Companys Class A Ordinary Common Stock, and ii) a private placement of US$700 million aggregate principal amount of 4.75% Convertible Senior Notes due 2032 to qualified institutional... More
