Recent Updates — SHAZ

SharonAI Holdings Inc. announced the entry into a syndicated facility agreement on September 28, 2026, providing senior secured term loan facilities totaling US$356 million. The facility comprises Facility A of up to US$150 million and Facility B of up to US$206 million, with maturities set at 42 months from first utilization. Proceeds will finance the acquisition and deployment of servers, GPUs, and related infrastructure for a customer contract involving GPU compute capacity. The borrowing subsidiaries are guaranteed by their holding companies and SharonAI on a limited basis until Facility A is repaid, after which the financing becomes non-recourse to the parent company. Interest rates range from 7.25% to 9.95% per annum. SharonAI Holdings Inc. operates in the artificial intelligence infrastructure industry, providing sovereign AI compute capacity and data center services.

On August 21, 2026, SharonAI Holdings Inc. entered into a First Supplemental Indenture to amend the Base Indenture governing its 6.00% Convertible Senior Notes due May 1, 2031. Following holder consents, the amendment removed restrictive covenants regarding the company's ability to incur, maintain, and repay indebtedness and grant liens securing such debt, along with other technical conforming changes. This modification relaxes financial constraints on the issuer and its subsidiaries. SharonAI Holdings Inc. operates in the artificial intelligence technology sector.