SharonAI Holdings Inc. has raised $350 million through a private offering of convertible senior notes, channeling the capital toward the GPU infrastructure that underpins its AI cloud business. The deal, led by heavyweight credit investor Oaktree Capital Management, signals serious institutional appetite for the picks-and-shovels layer of the AI economy.
Where the money is going
SharonAI, which trades on Nasdaq under the ticker SHAZ, plans to deploy the proceeds primarily toward procuring GPUs and advanced network hardware. The company frames these purchases as the backbone of revenue-generating AI cloud deployments and what it calls “AI factories.”
Beyond hardware, some of the capital will go toward general working capital needs.
Deal structure and investor protections
