Sharon AI Secures $1.6 Billion to Scale AI Factories; Shares Rise After Placement
Shares of Sharon AI Holdings Inc. (NASDAQ:SHAZ) climbed 8% after the company disclosed a $1.6 billion private placement intended to bankroll the expansion of AI factory capacity in Australia and the wider Asia-Pacific region. The package mixes roughly $900 million of common stock and pre-funded warrants with $700 million of 4.75% convertible senior…