New York, October 1 (Reuters) / PRNewswire / —— SharonAI Holdings Inc. (Nasdaq ticker: SHAZ) (“Sharon AI” or “the Company”) announced today that it has completed its first $356 million financing of senior secured debt underpinned by GPU, with a fixed interest rate of 9.95%, excluding fees.
The company stated that this financing will be secured by GPU and related cash flows. The contract-supported financing structure reflects the security and delivery discipline of the Sharon AI platform, and it also marks another step forward for the company in its goal to provide gigawatt-level AI computing power in Australia, New Zealand, and the broader Asia-Pacific region.
The financing includes well-known investors from Australia, Asia, and around the world, such as Goldman Sachs and some large private credit funds. The company stated that this round of financing is the first in a series of anticipated GPU financings, which will support the deployment of over 68,000 NVIDIA GPU units by the middle of 2027.
With the completion of this transaction, Sharon AI has secured over $2.6 billion in institutional debt and equity capital over the past 10 months, continuing the company's capital market strategy. This highlights its ability to access a diversified range of capital sources as it expands its AI infrastructure platform to serve ultra-large-scale customers, AI native enterprises, governments, businesses, and research institutions.
Sharon AI, co-founder and CEO, and James Manning stated: "As the global demand for sovereign, secure, and credible AI infrastructure continues to exceed the available supply, especially in Australia, New Zealand, and the broader Asia-Pacific region, accessing scalable debt capital is an important driving force for our growth."
"This financing demonstrates how we intend to fund the deployment of GPU through the debt market, and to leverage our current order book of high-quality customers with a total contract value exceeding $8.8 billion. The aim is to enhance return on equity and ultimately drive long-term shareholder value growth. With a solid balance sheet, a growing pipeline of contracted capacity, and a prudent capital allocation approach, we believe we are well-equipped to continue expanding the AI platform in the Asia-Pacific region."
Jarden Australia serves as the exclusive financial advisor and arranger.
About Sharon AI
Sharon AI (Nasdaq ticker: SHAZ) is a leading Australian Neocloud provider of reliable sovereign AI infrastructure. Through its AI Factory platform and a world-class ecosystem composed of technical and hosting partners, Sharon AI helps organizations gain scalability to build, train, and operate AI solutions, from model training to inference and agentic AI. Sharon AI serves customers worldwide, enabling businesses to more quickly transform their AI potential into measurable value. For more information, please visit www.sharonai.com.
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Forward-looking Statements
This press release may contain forward-looking statements within the meaning of the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are not historical facts and do not constitute guarantees of future performance. Forward-looking statements are based solely on the company's current beliefs, expectations, and assumptions regarding its future business, future plans and strategies, anticipated events and trends, economic conditions, and other future circumstances. In some cases, these statements can be identified by the use of forward-looking words such as "believes," "may," "will," "estimates," "continues," "expects," "intends," "can," "should," "will," "predicts," "strategy," "plan," "anticipates," "goal," "seeks," "future," "possible," or their negative forms, plural forms, or similar expressions referring to future periods. Examples of such forward-looking statements include, but are not limited to, the company's management team's expectations, hopes, beliefs, intentions, or strategies for the future, specifically including the following aspects:
- Service and product supply;
- Asset deployment and network procurement expansion;
- The ability to engage with more potential customers; Sharon AI
- Data center layout and capacity expansion;
- Strengthening of the partner network;
- Additional or future GPU financing;
- Fully fulfill all customer contracts;
- The impact and effects of a debt structure aimed at improving return on equity and driving shareholder value; as well as
- The company continues to expand the positioning of the AI platform in the Asia-Pacific region.
In addition, any statements that refer to predictions, estimates, or descriptions of other future events or circumstances, including their underlying assumptions, are considered forward-looking statements. Since forward-looking statements involve the future, they inherently carry uncertainties, risks, and unpredictable changes in circumstances, many of which are beyond the company's control. The company reminds readers that these statements do not guarantee future performance, and actual results or developments may differ significantly from those described in these forward-looking statements. Therefore, reliance on such forward-looking statements should not be made. Important factors that could lead to significant differences between actual results and forward-looking statements include, but are not limited to, all the risks mentioned in the "Risk Factors" section of the company's most recent 10-K annual report submitted to SEC, as well as in other reports subsequently submitted to SEC. For a detailed description of other assumptions, risks, and uncertainties, please refer to the company's registration statements, reports, and other documents submitted to SEC, which are available for review at www.sec.gov.
The forward-looking statements and other information contained in this press release are as of the date of issuance of this press release. Unless otherwise required by securities laws, Sharon AI assumes no obligation to publicly update or revise any forward-looking statements or information due to new information, future events, or other reasons.
