SharonAI Holdings Inc. (SHAZ) Form 424B3 — Oct 7, 2026
SharonAI Holdings filed a 424B3 prospectus supplement adding over 51 million shares of potential resale coverage across common stock, warrants, and shares underlying convertible notes totaling more than $1.04 billion in principal, updating four prior prospectuses with recent 8-Ks. The key update is a US$356 million senior secured GPU-backed SPV debt facility signed September 28, 2026, split into a US$150 million Facility A (7.25% rising to 9.95%) and US$206 million Facility B at a fixed 9.95%, maturing 42 months after first utilization, with investors including Goldman Sachs. Proceeds fund server and GPU deployment supporting GPU compute customer contracts.
Key figures
- Debt Amount
- $356,000,000
- Interest Rate
- 9.95
- Maturity
- 42 months from first utilization
- Default interest
- additional 2.00% per annum
- Additional shares
- 8056699
- Facility a tranche
- US$150,000,000 (7.25% rising to 9.95%)
- Facility b tranche
- US$206,000,000 (9.95% fixed)
- Customer offtake tcv
- over US$8.8bn
- Gpus planned mid 2027
- over 68,000 NVIDIA GPUs
- Shares resold class a
- 5302072
- Warrant shares public
- 230000
- Convertible notes 2031
- $350,000,000 at 6.00%
- Convertible notes 2032
- $691,700,000 at 4.75%
- Warrant shares private
- 214982
- Last sale price oct 6 2026
- $48.12
- Convertible notes 2031 shares
- 11292009
- Convertible notes 2032 shares
- 26017577
- Total capital raised 10 months
- over US$2.6bn
AI analysis
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