SharonAI Holdings (SHAZ) registers $691.7M of 4.75% convertible notes due 2032 for resale

Filed August 14, 2026 · ~1 min read

Key Changes

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  Registration covers $691.7M principal of 4.75% convertible senior notes maturing 2032 and up to 26.0M shares for resale by selling securityholders; SharonAI receives no proceeds from these resales.

  The Offering verify on EDGAR →
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  Notes convert at initial rate of 10.0343 shares per $1,000 principal (implied conversion price ~$99.66/share), well above the August 10, 2026 market price of $52.70, making conversion currently out-of-the-money.

  The Offering verify on EDGAR →
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  Maximum dilution of 12.9M shares if all notes convert at maximum rate of 14.5496 shares per $1,000 (including accrued interest through maturity); registration also covers 10.4M common shares and 2.7M pre-funded warrant shares already issued.

  The Offering verify on EDGAR →