SharonAI Holdings Inc. has issued 7,649,523 shares of its Class A Common Stock to settle outstanding convertible notes. The conversion satisfies approximately $97.5 million in principal and $2.0 million in accrued interest from notes originally issued under a December 2025 agreement.
Key Details
- Issuance Date: The 7,649,523 shares were issued on June 11, 2026.
- Conversion Terms: The shares were issued at a conversion price of $12.53 per share, settling approximately $99.4 million in total obligations (principal plus interest).
- Registration Status: The shares were issued as unregistered securities in a private transaction. The company has agreed to file an S-1 registration statement to allow for their future resale.