SharonAI Holdings Inc. (SHAZ) Form 424B3 — Aug 13, 2026
SharonAI Holdings (Nasdaq: SHAZ) filed a 424B3 prospectus supplement on August 13, 2026 updating its resale registrations covering 5,302,072 Class A shares, up to 444,982 warrant shares, $350 million of 6.00% convertible senior notes due 2031, and up to 11,292,009 underlying conversion shares — roughly 17 million shares of potential resale supply against 35.7 million shares outstanding.
Key figures
- Revenue
- 1931381
- Total Debt
- $1,006,535,059 carrying value of convertible notes ($350M 6.00% due 2031 + $700M 4.75% due 2032 principal)
- Revenue Yoy
- approximately +412% (Q2 2026 vs Q2 2025); +217% for six months
- Total Assets
- 2321338209
- Cash Position
- 1861347822
- Shares Outstanding
- 35,667,164 Class A + 136,341 Class B as of August 5, 2026
- Reverse Split
- 1-for-50 effected December 23, 2025
- Six Month Revenue
- 2225396
- Customer Deposits
- 143879911
- Ai Factory Capacity
- 132MW total, 116MW contracted, >62,000 NVIDIA GPUs expected by mid-2027
- Purchase Commitments
- ~$6 billion as of June 30, 2026
- Subsequent Contract1
- $1.32 billion over five years (global AI lab, New Zealand deployment)
- Subsequent Contract2
- $373 million over five years (global AI platform)
- Dec2025 Note Conversion
- ~$103.6M principal converted June 11, 2026 into 8,430,784 shares at effective $12.53/share
- Last Reported Sale Price
- 68.46
- Tcdc Sale Gain Six Months
- 65920568
- Offering Costs Six Months
- 43500601
- May2026 Convertible Notes
- $350M principal, 6.00% coupon, due May 1, 2031, conversion price $48.24
- May2026 Customer Contract
- ~$950 million with a global technology company (APAC)
- June2026 Convertible Notes
- $700M principal, 4.75% coupon, due June 15, 2032, conversion price ~$99.66
- February2026 Ipo Gross Proceeds
- ~$125 million
- Subsequent Contract Commitments
- $765.1 million and $217.2 million hardware/infrastructure purchase commitments
- June Private Placement Gross Proceeds
- 900000000
AI analysis
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