Sheppard represented SharonAI Holdings Inc. (Nasdaq: SHAZ), a leading Australian Neocloud, and its subsidiaries, in connection with its private offering of US$350 million of convertible senior notes. Proceeds from the financing are expected to be used to fund GPU and network procurement, along with working capital to support revenue-generating AI cloud deployments.
The offering follows Sharon AI’s $125 million public offering and concurrent Nasdaq listing in February 2026, for which we served as legal counsel to the company.
The Sheppard deal team was led by Chad Ensz, Gregory Carney, Seth Lemings and Michael Blane.
Read the press release here.