SharonAI Announces Closing of $1.6 Billion Strategic Financing for NVIDIA Collaboration

SharonAI Holdings Inc. announced the closing of an oversubscribed US$1.6 billion strategic financing through a private placement. The proceeds are intended to fund the company's six-year strategic collaboration with NVIDIA and support the deployment of one of Australia's largest AI Factories.

Key Details

• Financing Structure: The transaction includes US$900 million from a private placement of common stock and warrants, and US$700 million in 4.75% Convertible Senior Notes due 2032.
• Use of Proceeds: Funds will support a six-year collaboration with NVIDIA, including the deployment of up to 40,000 Grace Blackwell GB300 GPUs for a new AI Factory in Australia.
• Lead Investors: The financing was anchored by Situational Awareness L.P. and funds managed by Oaktree Capital Management, L.P.