Sheppard represented SharonAI Holdings Inc. (Nasdaq: SHAZ), a leading Australian Neocloud, and its subsidiaries, in connection with an oversubscribed US$1.6 billion strategic financing. The transaction comprised a private placement of approximately US$900 million, consisting of common stock and pre-funded warrants, and US$700 million aggregate principal amount of 4.75% convertible senior notes due 2032.
Proceeds from the financing are expected to support Sharon AI’s previously announced six-year strategic compute collaboration with NVIDIA, including the deployment of one of Australia’s largest AI Factories, as well as broader expansion across Australia and the Asia-Pacific.
The transaction follows Sharon AI’s US$350 million private offering of senior convertible notes, announced on May 22, 2026, in which Sheppard also served as legal counsel to the company.
The Sheppard deal team was led by Chad Ensz, Gregory Carney and Michael Blane.
Read the press release here.