SharonAI Holdings Inc. (SHAZ) Form 8-K — Oct 1, 2026
$SHAZForm 8-KItems 1.01, 2.03, 7.01, 9.01Filed Oct 1, 2026, 4:51 PM ET0001493152-26-045368Original filing
SharonAI Holdings (NASDAQ: SHAZ) entered a US$356M senior secured, GPU-backed syndicated debt facility on September 28, 2026, comprising a $150M Facility A (7.25% initial, stepping to 9.95%) and a $206M Facility B (fixed 9.95%), maturing 42 months from first utilization. The facility funds acquisition and deployment of servers, CPUs, GPUs and networking at contracted data centers in support of a GPU compute customer contract, with investors including Goldman Sachs and large private credit funds. Jarden Australia acted as sole financial advisor and arranger.
Key figures
- Debt Amount
- $356,000,000
- Interest Rate
- 9.95
- Maturity Date
- 42 months from date of first utilization
- Facility a tranche
- $150,000,000 at initial 7.25%, stepping up to 9.95%
- Facility b tranche
- $206,000,000 at fixed 9.95%
- Gpu deployment target
- 68,000+ NVIDIA GPUs by mid-2027
- Default interest premium
- 2.00% per annum on overdue amounts
- Total contracted value offtake
- $8.8 billion TCV
- Total capital raised past 10 months
- $2.6 billion debt and equity
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