The Nvidia-partnered AI infrastructure start-up says troubled hedge fund Situational Awareness has retained a major stake, and that its IPO prospectus is ready.

SharonAI Holdings shares are rising Tuesday after a 5-year cloud computing service agreement with a global AI platform valued at $373 million.

The Nvidia-partnered AI infrastructure start-up says troubled hedge fund Situational Awareness has retained a major stake, and that its IPO prospectus is ready.