SharonAI Announces $1.5 Billion Private Placement to Fund NVIDIA AI Factory Collaboration

SharonAI Holdings Inc. (SHAZ) announced agreements for private placements to raise approximately $1.5 billion in aggregate gross proceeds. The financing includes a $900 million offering of common stock and pre-funded warrants, alongside a $600 million offering of convertible senior notes. Net proceeds are designated to support a six-year strategic collaboration with NVIDIA and the deployment of a large-scale AI Factory in Australia.

Key Details

• Total Financing: Approximately $1.5 billion raised through two private placements expected to close on or about June 22, 2026.
• Equity & Warrants: ~$900 million from the sale of ~6.72 million common shares at $68.73 per share and pre-funded warrants to purchase ~6.37 million shares.
• Convertible Notes: $600 million in 4.75% Convertible Senior Notes due 2032, with an initial conversion price of ~$95.66 per share, representing a ~45% premium.
• Use of Proceeds: Funds will support a strategic compute collaboration with NVIDIA to deploy an AI Factory in Australia featuring up to 40,000 Grace Blackwell GB300 GPUs.