Form 8-K
8-K — SharonAI Holdings Inc.
Accession: 0001493152-26-028362
Filed: 2026-06-12
Period: 2026-06-12
CIK: 0002068385
SIC: 7374 (SERVICES-COMPUTER PROCESSING & DATA PREPARATION)
Item: Unregistered Sales of Equity Securities
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of Report (date of earliest event reported): June 12, 2026
SHARONAI
HOLDINGS INC.
(Exact
name of registrant as specified in its charter)
Delaware
001-43129
41-2349750
(State
or other jurisdiction
of
incorporation)
(Commission
File
Number)
(IRS
Employer
Identification
No.)
745
Fifth Avenue, Suite 500,
New
York, NY 10151
(Address
of principal executive offices, including zip code)
(347)
212-5075
(Registrant’s
telephone number, including area code)
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under
any of the following provisions (see General Instructions A.2. below):
☐
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
Trading
Symbol(s)
Name
of each exchange on which registered
Class
A Ordinary Common Stock, $0.0001 par value
SHAZ
The
Nasdaq Stock Market LLC
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company
☒
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
3.02 Unregistered Sales of Equity Securities.
On
June 11, 2026, SharonAI Holdings Inc. (the “Company”) issued 7,649,523 shares of its Class A Ordinary Common Stock,
par value $0.0001 per share (the “Conversion Shares”) upon conversion of an aggregate principal amount of approximately US$97,475,184
of unsecured, redeemable, convertible notes (the “Notes”), together with US$1,954,845 of accrued and unpaid interest
thereon pursuant to the terms of that certain Convertible Note Agreement (the “Agreement”), dated December 19, 2025, by and
among SharonAI, Inc., SharonAI Pty Ltd and certain investors (the “Noteholders”), as previously reported on the Company’s
Current Report on Form 8-K filed with the Securities and Exchange Commission on December 22, 2025. The Company assumed the obligations
of SharonAI, Inc. under the Agreement promptly following the closing of the Business Combination Agreement, dated January 28, 2025.
The
number of Conversion Shares issued upon conversion of the Notes was calculated in accordance with the conversion formula set forth in
Section 4.6 of the Agreement, based on the sum of the principal amount and accrued interest divided by the lower of (i) the applicable
Discount Rate multiplied by the relevant transaction price and (ii) the Valuation Cap (each as defined in the Agreement). The conversion
price per share was US$12.53.
In
connection with conversion of the Notes, the Company agreed to registered the Conversion Shares for resale on an S-1 registration statement.
The
Conversion Shares have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), and were
issued in reliance on applicable exemptions from registration pursuant to Section 4(a)(2) of the Securities Act and/or Rule 506(b) of
Regulation D promulgated thereunder, and/or Regulation S, based on representations made by the holders of the Notes, including that the
holders are accredited investors acquiring the Conversion Shares for investment purposes and not with a view to distribution, and that
certain of the holders of Notes are not U.S. persons. The Conversion Shares may not be offered or sold in the United States absent registration
under the Securities Act or an applicable exemption from such registration requirements.
The
foregoing description of the Agreement and the conversion of the Notes does not purport to be complete and is subject to and qualified
in its entirety by reference to the full text of the Agreement, a copy of which is filed as Exhibit 10.1 to the Company’s Current
Report on Form 8-K filed with the Securities and Exchange Commission on December 22, 2025, and is incorporated herein by reference.
CAUTIONARY
NOTE REGARDING FORWARD-LOOKING STATEMENTS
The
Company cautions that statements in this report and its exhibits that are not a description of historical fact are forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of
words referencing future events or circumstances such as “expect,” “intend,” “plan,” “anticipate,”
“believe,” and “will,” among others. Because such statements are subject to risks and uncertainties, actual results
may differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based
upon the Company’s current expectations and involve assumptions that may never materialize or may prove to be incorrect. Actual
results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of various
risks and uncertainties, which include, without limitation, the possibility of the Company’s need and ability to raise additional
capital, changes in business plans, service or product offerings, use of proceeds, the Company’s acceleration or expansion of relationships
and partnerships and/or deployment of assets, and further or new regulation of the Company’s business. More detailed information
about the risks and uncertainties affecting the Company is contained under the heading “Risk Factors” included in the Company’s
reports and filings made with the SEC. One should not place undue reliance on these forward-looking statements, which speak only as of
the date on which they were made. Because such statements are subject to risks and uncertainties, actual results may differ materially
from those expressed or implied by such forward-looking statements. The Company undertakes no obligation to update such statements to
reflect events that occur or circumstances that exist after the date on which they were made, except as may be required by law.
-2-
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
SHARONAI
HOLDINGS INC.
By:
/s/
James Manning
Name:
James
Manning
Title:
Chief
Executive Officer
Date:
June 12, 2026
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Entity File Number
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Entity Registrant Name
SHARONAI
HOLDINGS INC.
Entity Central Index Key
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Entity Tax Identification Number
41-2349750
Entity Incorporation, State or Country Code
DE
Entity Address, Address Line One
745
Fifth Avenue
Entity Address, Address Line Two
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Entity Address, City or Town
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Entity Address, State or Province
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Entity Address, Postal Zip Code
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City Area Code
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Local Phone Number
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Trading Symbol
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Security Exchange Name
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