SharonAI Holdings Inc. filed an 8-K to share a press release announcing a major cloud computing infrastructure agreement with a global technology company with a strong Asia-Pacific presence. The contract is valued at approximately US$950 million over five years.
Sharon AI plans to deploy cloud computing solutions across multiple NEXTDC data centers in Australia, with revenue from the agreement expected to begin by the end of the third and fourth quarters of 2026. The deployments are expected to use the Vast Data AI Operating System to combine storage, database, compute and real-time processing, supporting Sharon AI’s growth in high-performance AI cloud services across Australia and the broader Asia-Pacific region.
SharonAI Holdings Inc. entered into new executive employment agreements for its leadership team, effective May 1, 2026, transitioning key founders and senior executives from contractor roles to full-time employees of SharonAI Pty Ltd.
The contracts set base salaries ranging from approximately US$400,000 to US$500,000, plus performance-based short- and long-term incentives largely payable in restricted stock units and one-time listing awards. The company also formalized and later altered compensation for General Counsel Tim Flahvin, reducing his base salary while increasing and restructuring his RSU awards and short-term incentive. Related contractor agreements with entities associated with executives James Manning, Tim Broadfoot and Nick Hughes‑Jones were terminated by mutual agreement without material early termination penalties.
SharonAI Holdings Inc. General Counsel Timothy James Flahvin has reported an initial holding of restricted stock units in the company. The filing shows 9,417 restricted stock units, each representing a contingent right to receive one share of SHAZ Class A Ordinary Common Stock.
The restricted stock units carry an exercise price of $0.00 and will vest on February 6, 2027. The footnote explains that these units have no expiration date, highlighting that this is a compensation-related equity award rather than a market purchase or sale.
SharonAI Holdings Inc. furnished an investor presentation under a Regulation FD disclosure. On April 29, 2026, the company posted the presentation on its website and attached it as Exhibit 99.1 for use with investors, analysts and others during its current fiscal year.
The company emphasizes that the materials are summary information meant to be read alongside its SEC filings and risk factors, are not deemed “filed” for liability purposes, and include forward-looking statements subject to risks and uncertainties with no obligation to update except as required by law.
SharonAI Holdings Inc. entered into definitive agreements for a private offering of $350 million of 6.00% Convertible Senior Notes due 2031, led by Oaktree Capital with other institutional investors. The company plans to use the cash mainly for GPU and network procurement and working capital to support revenue-generating AI cloud deployments.
The notes bear 6% cash interest paid quarterly and initially convert at about $48.24 per share, roughly a 20% premium to the Nasdaq minimum price at signing, with a capped conversion rate that could result in up to 8,706,250 shares of common stock on conversion. The notes are senior unsecured, guaranteed by key subsidiaries, include covenants limiting additional secured debt, and allow forced conversion only if share price and trading volume thresholds are met. A separate Registration Rights Agreement requires SharonAI to register resales of the notes and underlying shares, with cash liquidated damages of 1% per month (capped at 5%) if registration deadlines are missed.
SharonAI Holdings Inc. registers the resale of 5,302,072 shares of Class A Ordinary Common Stock and related warrant share issuances, and registers for primary issuance up to 230,000 shares underlying public warrants.
The prospectus covers (i) 4,927,071 BCA Shares and 375,001 Note Conversion Shares (totaling 5,302,072 Shares), (ii) up to 214,982 Private Warrant Shares issuable at an exercise price of $575.00, and (iii) up to 230,000 Public Warrant Shares (also exercisable at $575.00). The company will not receive proceeds from resale by the selling shareholders but could receive up to approximately $256 million if all Warrants are exercised for cash. The prospectus describes resale mechanics, plan of distribution, and risk factors including supplier concentration and capital needs.
SharonAI Holdings Inc. Schedule 13G reports that several Millennium-related entities and Integrated Core Strategies (US) LLC beneficially hold single-digit stakes in Class A Ordinary Common Stock.
Integrated Core Strategies (US) LLC reports 843,369 shares ( 5.3% ). Millennium Management LLC, Millennium Group Management LLC and Israel A. Englander each report 870,771 shares ( 5.4% each ). The filing is a joint filing under a Joint Filing Agreement dated April 14, 2026.
SharonAI Holdings Inc. announced accelerated receipt of total proceeds of US$74 million from the sale of its 50% ownership in Texas Critical Data Centers LLC to New Era Energy & Digital, Inc. This exceeds the originally anticipated US$70 million and arrives ahead of the prior payment schedule.
The acceleration comes from NUAI’s early redemption of a US$50 million Senior Secured Convertible Promissory Note plus interest, a true-up share issuance of roughly 893,724 NUAI shares following NUAI’s US$3.35 per-share offering, and US$10 million in cash already received. Management highlights that this non-dilutive capital strengthens SharonAI’s balance sheet and supports expansion of its AI and high-performance cloud infrastructure in Australia.
SharonAI Holdings Inc. filed an update to correct a statement in its Annual Report for the year ended December 31, 2025. The report had said that NVIDIA was a strategic shareholder in SharonAI. The company now states this was an error and that NVIDIA Corporation is not, and as of this update does not hold, any equity securities of the company. The correction does not change any previously reported financial statements, and all other parts of the Form 10-K remain the same.