Sharon AI Announces Oversubscribed US$1.6 Billion Strategic Financing to Accelerate Expansion of AI Factories Across Australia and the Asia-Pacific
Strategic financing is anchored by Situational Awareness and Oaktree, along with new and existing institutional and strategic investors
SharonAI Holdings Inc. (NASDAQ: SHAZ) (“Sharon AI” or “the Company”), a leading Australian Neocloud, today announced a US$1.6 billion private placement financing, comprising: i) a private placement of approximately US$900 million, split between 6,719,896 shares of the Company’s common stock and pre-funded warrants to purchase 6,374,823 shares of the Company’s common stock, and ii) a private placement of US$700 million aggregate principal amount of 4.75% Convertible Senior Notes due 2032 (together, the "Transaction"). The Transaction was anchored by Situational Awareness L.P. (“Situational Awareness”) and funds managed by Oaktree Capital Management, L.P. (“Oaktree”), along with new and existing institutional and strategic investors.
The aggregate proceeds of the Transaction will be used to support Sharon AI’s previously announced six-year strategic compute collaboration with NVIDIA, where the Company intends to deploy one of Australia’s largest AI Factories including up to 40,000 Grace Blackwell GB300 GPUs as well as broader expansion plans.
