STOCK TITAN

A new 21% owner quietly emerges at SharonAI (SHAZ)

(Moderate)
(Neutral)
Form Type
SCHEDULE 13D

Rhea-AI Filing Summary

SharonAI Holdings Inc. (SHAZ) disclosed that funds and entities associated with Situational Awareness, including Situational Awareness LP, SAF AI GP LP, Situational Awareness LLC, Situational Awareness Partners LP, Leopold Aschenbrenner and Carl Shulman, beneficially own 8,070,950 shares of Class A Ordinary Common Stock, representing 21.1% of that class. This total consists of 5,396,127 shares and prefunded warrants to purchase 2,674,823 additional shares, based on 35,667,164 shares outstanding as of July 30, 2026.

The Fund used $523,882,863.18 of working capital to acquire the shares for investment, stating it viewed the stock as undervalued and that it is not seeking to change or influence control at this time, though it may buy or sell shares, hedge, or communicate with management and other shareholders. Under a June 17, 2026 Registration Rights Agreement, SharonAI agreed to register the resale of these securities, with potential 1.0% per month liquidated damages (capped at 5.0% of the subscription amount) if registration obligations are not met. A prefunded warrant for 6,374,823 shares at $0.0001 per share was issued; 3,700,000 shares were exercised on June 30, 2026, and a 19.99% beneficial ownership limitation on the warrant ceased after shareholder approval on August 27, 2026.

Positive

  • None.

Negative

  • None.
Beneficial ownership 8,070,950 shares of Class A Ordinary Common Stock Beneficially owned by each reporting person
Ownership percentage 21.1% Percentage of Class A Ordinary Common Stock beneficially owned
Shares outstanding 35,667,164 shares Class A Ordinary Common Stock outstanding as of July 30, 2026
Purchase amount $523,882,863.18 Working capital used by the Fund to purchase SharonAI Class A shares
Prefunded warrant size 6,374,823 shares at $0.0001 per share Shares issuable under prefunded warrant acquired June 17, 2026
Prefunded warrant exercised 3,700,000 shares Shares exercised from prefunded warrant on June 30, 2026
Beneficial ownership limitation 19.99% Ownership cap in prefunded warrant before August 27, 2026 approval
Liquidated damages rate 1.0% per month, capped at 5.0% Damages on aggregate subscription amount for registration failures
Schedule 13D regulatory
"The reporting persons are filing this pursuant to rule 13d-1(f)"
A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.
prefunded warrant financial
"the Fund acquired a prefunded warrant (the "Prefunded Warrant") to purchase"
A prefunded warrant is a type of option to buy a share where the buyer has already paid nearly the full purchase price up front, leaving only a tiny additional sum to convert the warrant into a stock. Think of it like a nearly paid gift card that lets you claim a product by paying a token amount; for investors it speeds access to shares while helping manage ownership limits and can affect future dilution, voting power and liquidity when converted.
Registration Rights Agreement financial
"the Fund entered into a Registration Rights Agreement with the Issuer"
A registration rights agreement is a contract that gives investors the option to have their ownership stakes officially registered with the government, making it easier to sell their shares later. This agreement matters because it provides investors with a clearer path to cash out their investments if they choose, offering more liquidity and confidence in their ability to sell their holdings when desired.
beneficial ownership limitation regulatory
"the 19.99% beneficial ownership limitation in the prefunded warrant ceased"
A beneficial ownership limitation is a rule that caps the percentage of a company’s shares an investor can be treated as owning or controlling for voting, regulatory or tax purposes. It matters to investors because it can restrict how many shares a person or group can buy or vote, affect takeover chances, and influence share liquidity and value — like a speed limit that prevents any single driver from taking over the whole road.
liquidated damages financial
"the Issuer is required to pay to the Fund, as partial liquidated damages"
A pre-agreed sum that one party must pay if it breaks a contract, chosen so both sides avoid arguing over the exact amount of loss later. Think of it like a fixed cancellation fee for a reservation: it makes potential costs predictable. For investors, liquidated damages matter because they create a known financial liability that can affect cash flow, contract risk, balance-sheet exposure and deal valuations.
Form S-3 regulatory
"The Registration Statement was required to be on Form S-3"
Form S-3 is a legal document companies use to register their stock sales with the government, making it easier and faster for them to raise money by selling shares to investors. It’s like having a pre-approved shopping list that lets a company quickly sell new shares when they need funds, without going through a lengthy approval process each time.

FAQ

How much of SharonAI Holdings Inc. (SHAZ) does the Situational Awareness group own?

The reporting persons beneficially own 8,070,950 shares of SharonAI Class A Ordinary Common Stock, representing 21.1% of that class, based on 35,667,164 shares outstanding as of July 30, 2026.

What did the Situational Awareness Fund pay for its SHAZ stake?

The Fund used its working capital and paid an aggregate of $523,882,863.18 to purchase SharonAI’s Class A Ordinary Common Stock.

Is the Situational Awareness group seeking control of SharonAI Holdings Inc. (SHAZ)?

The reporting persons state they have not acquired SharonAI securities with the purpose or effect of changing or influencing control, though they may in the future buy or sell shares, hedge, or recommend actions to management and shareholders.

What registration rights does the SHAZ investor group have?

Under a June 17, 2026 Registration Rights Agreement, SharonAI agreed to file and seek effectiveness of a registration statement for the resale of the investor’s shares and warrant shares, with potential 1.0% per month liquidated damages capped at 5.0% of the subscription amount for certain failures.

What ownership cap applied to the SHAZ prefunded warrant?

The prefunded warrant contained a 19.99% beneficial ownership limitation. This limitation ceased to apply after SharonAI stockholders approved the issuance of the warrant shares on August 27, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates





778920306

(CUSIP Number)
Anthony J. Caldwell, Esq.
Shartsis Friese LLP, 425 Market Street, 11th Floor
San Francisco, CA, 94105
(415) 421-6500

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
08/27/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




schemaVersion:


SCHEDULE 13D




Comment for Type of Reporting Person:
The shares of the Class A Ordinary Common Stock reported herein consist of 5,396,127 shares of Class A Ordinary Common Stock and prefunded warrants to purchase 2,674,823 shares of Class A Ordinary Common Stock. The percentage reported herein is calculated based on 35,667,164 shares of Class A Ordinary Common Stock outstanding as of July 30, 2026, as reported in the Form S-1 filed by the Issuer on July 31, 2026.


SCHEDULE 13D




Comment for Type of Reporting Person:
The shares of the Class A Ordinary Common Stock reported herein consist of 5,396,127 shares of Class A Ordinary Common Stock and prefunded warrants to purchase 2,674,823 shares of Class A Ordinary Common Stock. The percentage reported herein is calculated based on 35,667,164 shares of Class A Ordinary Common Stock outstanding as of July 30, 2026, as reported in the Form S-1 filed by the Issuer on July 31, 2026.


SCHEDULE 13D




Comment for Type of Reporting Person:
The shares of the Class A Ordinary Common Stock reported herein consist of 5,396,127 shares of Class A Ordinary Common Stock and prefunded warrants to purchase 2,674,823 shares of Class A Ordinary Common Stock. The percentage reported herein is calculated based on 35,667,164 shares of Class A Ordinary Common Stock outstanding as of July 30, 2026, as reported in the Form S-1 filed by the Issuer on July 31, 2026.


SCHEDULE 13D




Comment for Type of Reporting Person:
The shares of the Class A Ordinary Common Stock reported herein consist of 5,396,127 shares of Class A Ordinary Common Stock and prefunded warrants to purchase 2,674,823 shares of Class A Ordinary Common Stock. The percentage reported herein is calculated based on 35,667,164 shares of Class A Ordinary Common Stock outstanding as of July 30, 2026, as reported in the Form S-1 filed by the Issuer on July 31, 2026.


SCHEDULE 13D




Comment for Type of Reporting Person:
The shares of the Class A Ordinary Common Stock reported herein consist of 5,396,127 shares of Class A Ordinary Common Stock and prefunded warrants to purchase 2,674,823 shares of Class A Ordinary Common Stock. The percentage reported herein is calculated based on 35,667,164 shares of Class A Ordinary Common Stock outstanding as of July 30, 2026, as reported in the Form S-1 filed by the Issuer on July 31, 2026.


SCHEDULE 13D




Comment for Type of Reporting Person:
The shares of the Class A Ordinary Common Stock reported herein consist of 5,396,127 shares of Class A Ordinary Common Stock and prefunded warrants to purchase 2,674,823 shares of Class A Ordinary Common Stock. The percentage reported herein is calculated based on 35,667,164 shares of Class A Ordinary Common Stock outstanding as of July 30, 2026, as reported in the Form S-1 filed by the Issuer on July 31, 2026.


SCHEDULE 13D


Situational Awareness LP
Signature:/s/ Leopold Aschenbrenner
Name/Title:Managing Partner
Date:08/27/2026
SAF AI GP LP
Signature:/s/ Leopold Aschenbrenner
Name/Title:Managing Partner
Date:08/27/2026
Situational Awareness LLC
Signature:/s/ Leopold Aschenbrenner
Name/Title:Manager
Date:08/27/2026
Situational Awareness Partners LP
Signature:/s/ Leopold Aschenbrenner
Name/Title:Managing Partner of SAF AI GP LP, general partner of Situational Awareness Partners LP
Date:08/27/2026
Leopold Aschenbrenner
Signature:/s/ Leopold Aschenbrenner
Name/Title:Reporting person
Date:08/27/2026
Carl Shulman
Signature:/s/ Carl Shulman
Name/Title:Reporting person
Date:08/27/2026