Sharon AI raises $1.6B in oversubscribed private placement financing
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Sharon AI Announces Oversubscribed US$1.6 Billion Strategic Financing to Accelerate Expansion of AI Factories Across Australia and the Asia-Pacific
June 17, 2026 9:26 AM EDTStrategic financing is anchored by Situational Awareness and Oaktree, along with new and existing institutional and strategic investors
NEW YORK--(BUSINESS WIRE)-- 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 Companys common stock and pre-funded warrants to purchase 6,374,823 shares of the Companys common stock, and ii) a private placement of US$700 million aggregate principal amount of 4.75% Convertible Senior Notes due 2032 (together, the... More
