SharonAI posts $430.4M net loss on $400.4M convertible-note fair value hit; cash at $1.86B

Filed August 6, 2026 · Period ending June 30, 2026 · ~1 min read

Key Changes

• high

  Net loss of $430.4M for Q2 2026 driven by a $400.4M non-cash fair value loss on convertible notes, versus no such loss a year earlier.

  MD&A: Net loss verify on EDGAR →
• high

  Cash and equivalents surged to $1.86B at June 30, 2026 from $71.1M at year-end 2025, after raising ~$1.95B via convertible notes and strategic financing.

  Notes: Capital raise and liquidity verify on EDGAR →
• high

  Disclosure controls and procedures were not effective as of June 30, 2026 due to a continuing material weakness in accounting for complex financial instruments.

  Controls verify on EDGAR →