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Stock Markets February 18, 2026

Sharon AI Raises About $125 Million in Nasdaq IPO Priced at $30 a Share

Australian cloud GPU provider SharonAI begins trading on Nasdaq under ticker SHAZ after a $125 million offering

By Marcus Reed
Sharon AI Raises About $125 Million in Nasdaq IPO Priced at $30 a Share

SharonAI Holdings Inc. (SHAZ) sold 4,166,666 Class A ordinary shares at $30.00 per share in an initial public offering that generated roughly $125 million in gross proceeds before fees and expenses. The Australian cloud computing company began trading on the Nasdaq Capital Market under the symbol SHAZ, and the offering is slated to close on or around February 19, 2026, subject to customary closing conditions.

Key Points

  • SharonAI sold 4,166,666 Class A shares at $30.00 each, raising approximately $125 million in gross proceeds before fees and expenses.
  • Shares began trading on the Nasdaq Capital Market under the ticker SHAZ; the offering is expected to close on or around February 19, 2026, subject to standard closing conditions.
  • Net proceeds are designated for acquiring GPU-focused equipment and for working capital and general corporate purposes; the company operates a cloud GPU platform for AI workloads.

SharonAI Holdings Inc. completed an initial public offering that priced at $30.00 per Class A ordinary share, with 4,166,666 shares sold in the offering. The sale is expected to bring in approximately $125 million in gross proceeds before accounting for fees and expenses.

The company's shares have started trading on the Nasdaq Capital Market using the ticker symbol "SHAZ." The offering is planned to close on or around February 19, 2026, contingent on standard closing conditions.

Underwriters in the deal were granted a 45-day option to buy up to an additional 625,000 shares at the offering price less underwriting discounts and commissions. Prior to the Nasdaq listing, SharonAI was traded on the OTCPK market.

The transaction was led by investment funds managed by Oaktree Capital Management and Two Seas Capital, with other institutional investors participating in the offering. Lucid Capital Markets acted as the sole book-running manager for the deal.

SharonAI identified the intended uses for net proceeds from the offering, stating it plans to acquire GPU-focused equipment and to allocate funds for working capital and general corporate purposes. The company operates a cloud GPU platform and maintains compute infrastructure aimed at supporting artificial intelligence applications.

The Securities and Exchange Commission declared SharonAI's Form S-1 registration statement effective on February 17, 2026. The company reported the offering details and related information in a press release.

Clear summary

SharonAI priced 4,166,666 Class A ordinary shares at $30.00 apiece, generating about $125 million in gross proceeds before fees and expenses. The Australian cloud computing company, which runs a GPU-focused cloud platform for AI workloads, began trading on the Nasdaq Capital Market under the symbol SHAZ. The offering is expected to close on or about February 19, 2026, and included a 45-day overallotment option for 625,000 additional shares.

Key points

  • Amount raised: Approximately $125 million in gross proceeds before fees and expenses from the sale of 4,166,666 Class A shares at $30.00 each.
  • Market placement: SharonAI now trades on the Nasdaq Capital Market under ticker SHAZ, moving from its previous OTC listing.
  • Sectors impacted: The transaction has direct relevance to capital markets and the technology sector, specifically cloud computing and AI infrastructure due to the company’s GPU-focused offerings.

Risks and uncertainties

  • Closing contingency - The offering is expected to close on or around February 19, 2026, but remains subject to customary closing conditions, creating timing and execution uncertainty for investors and company planning.
  • Use of proceeds - The company intends to use net proceeds to purchase GPU-focused equipment and for working capital and general corporate purposes; the ultimate effectiveness of those investments is not guaranteed by the information provided.
  • Overallotment option - Underwriters hold a 45-day option to purchase up to 625,000 additional shares, which could affect share supply and near-term float if exercised.

Closing note

The SEC declared SharonAI’s Form S-1 effective on February 17, 2026. The company communicated the offering details through a press release.

Risks

  • The offering’s close is contingent on customary closing conditions, creating timing and execution uncertainty for the transaction.
  • Planned uses of net proceeds include GPU equipment purchases and general corporate purposes; the effectiveness of these investments is not detailed in the available information.
  • Underwriters possess a 45-day option to buy up to 625,000 additional shares, which could alter the share supply if exercised.

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