| | The reported shares represent: (i) shares obtained upon the conversion of shares of SharonAI, Inc. Series B Preferred Stock in connection with the business combination transaction by and among Roth CH Holdings, Inc. (later renamed SharonAI Holdings Inc.), Roth CH Acquisition Co., Roth CH Merger Sub, Inc. and SharonAI Inc. ("Business Combination"), which closed on December 17, 2025, (ii) shares obtained upon the conversion of shares of SharonAI, Inc. Common Stock in connection with the Business Combination, (iii) shares obtained upon the conversion of a convertible promissory notes, and (iv) shares underlying unsettled RSU equity awards. |
| | The Issuer's subsidiaries, SharonAI Inc. ("SAI") and SharonAI Pty Ltd ("SAIPL"), have entered into an independent contractor agreement-corporate with Mr. Manning and Manning Group Pty Ltd ATF MG Office Trust ("Manning Consulting Agreement"). Pursuant to the Manning Consultant Agreement, Mr. Manning, the Issuer's Chief Executive Officer and director and greater than 10% stockholder, as the key person, provides certain services to the Issuer and its subsidiaries relating to commercial opportunity development, discovery of future data center sites, future data center acquisition and construction advisory, transaction advisory services and key relationship introduction and development. In consideration for these services, Manning Group Pty Ltd ATF MG Office Trust is entitled to receive an annual remuneration of AUD$334,500 (approximately $211,000 based on a conversion rate of $1.00AUD to $0.63USD), exclusive of Australian goods and services taxes. The Manning Consulting Agreement has an ongoing term that can be terminated by either side upon three (3) months' notice.
Mr. Manning was a shareholder of Alternative Asset Management Pty Ltd/ SAIPL prior to SAI's acquisition of all of the shares of SAIPL on April 29, 2024. In consideration for his shares of SAIPL, Mr. Manning was issued 70,000 shares of SAI common stock at a fair value of $70,000.
Mr. Manning was a unitholder of Digital Income Fund Pty Ltd ("DIF") prior to SAIPL acquiring the assets of DIF on April 29, 2024. In consideration for the assets of DIF, DIF was issued 55,000 shares of SAI common stock, 17,600 shares of which were transferred to Mr. Manning upon DIF's liquidation. The 17,600 shares were issued at a fair value of $390,016.
Mr. Manning was a shareholder of Distributed Storage Solutions Limited ACN 646 979 222 ("DSS") prior to SAI's acquisition of DSS in June of 2024. In consideration for his shares of DSS, Mr. Manning was issued 49,215 shares of SAI common stock at a fair value of $1,919,366.
During 2024, the Issuer and its subsidiaries (or their predecessors) paid storage services expense to Flynt ICS Pty Ltd ("Flynt"). Flynt is partially owned by Mr. Manning. For the year ended December 31, 2024, the Issuer and its subsidiaries (or their predecessors)paid Flynt $167,638 in services expenses.
Between January 2024, and May 2024, SAI received approximately $419,590 in outstanding loans from various entities affiliated with members of SAI's management and board of directors, including: (a) Woodville Super Pty Ltd, an affiliate of James Manning, Director; and (b) Manning Capital Holdings Pty Ltd, an affiliate of James Manning, Director. These debts were converted into equity of SharonAI as part of a private placement conducted by SharonAI at the same price that stock was sold to other investors in the offering.
On December 17, 2025, all of the outstanding securities of SAI, including Mr. Manning's shares of SAI common stock, were exchanged for securities of the Issuer as part of a business combination transaction in which SAI became a wholly-owned subsidiary of the Issuer.
Manning Capital Holdings Pty Ltd ATF The Manning Capital Holdings Unit Trust is subject to a lock-up agreement restricting its disposition of all of its shares of Class A Ordinary Common Stock until March 17, 2026, and then 50% of its shares of Class A Ordinary Common Stock until June 15, 2026.
James Manning is subject to a lock-up agreement restricting his disposition of all of his shares of Class A Ordinary Common Stock until May 20, 2026. |