SharonAI Launches $125M IPO on Nasdaq at $30 Per Share

SharonAI Raises $125 Million in Nasdaq Debut

SharonAI Holdings Inc., an Australian cloud computing company, has successfully priced its initial public offering on the Nasdaq Capital Market, raising gross proceeds of approximately $125 million before fees. The company offered 4,166,666 Class A ordinary shares at a price of $30.00 per share.

Offering Overview

Shares of the company are now trading under the ticker symbol SHAZ. The offering is anticipated to close on or around February 19, 2026, contingent upon standard closing conditions. This listing marks a significant transition for SharonAI, which previously traded on the OTCPK market.

Underwriters have been granted a 45-day option to purchase up to 625,000 additional shares. The offering was led by funds from Oaktree Capital Management and Two Seas Capital, with Lucid Capital Markets acting as the sole book-running manager.

Strategic Implications and Market Impact

SharonAI has stated its intention to allocate the net proceeds primarily toward the acquisition of GPU-focused equipment. The remaining funds will support working capital and general corporate purposes. This investment aims to strengthen its cloud GPU platform and compute infrastructure focused on high-demand artificial intelligence applications.

Summary and Outlook

The successful IPO provides SharonAI with significant capital to expand its AI-centric infrastructure. The market will closely monitor how the company leverages these funds to enhance its competitive position in the cloud computing sector. The U.S. Securities and Exchange Commission declared the company's registration statement effective on February 17, 2026.

FAQ

Q: What is SharonAI's new stock ticker?
A: The company trades on the Nasdaq Capital Market under the ticker symbol SHAZ.

Q: How much capital did SharonAI raise in its IPO?
A: The company raised approximately $125 million in gross proceeds from the offering.

Q: What is the primary purpose of the funds raised?
A: The proceeds will mainly be used to acquire GPU-focused equipment for its AI cloud platform and for general corporate purposes.

Source: Investing.com