{"id":951001,"date":"2026-04-13T17:20:39","date_gmt":"2026-04-13T21:20:39","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/sharon-ai-announces-accelerated-receipt-of-remaining-consideration-from-sale-of-50-ownership-in-texas-critical-data-centers-joint-venture\/"},"modified":"2026-04-13T17:20:39","modified_gmt":"2026-04-13T21:20:39","slug":"sharon-ai-announces-accelerated-receipt-of-remaining-consideration-from-sale-of-50-ownership-in-texas-critical-data-centers-joint-venture","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/sharon-ai-announces-accelerated-receipt-of-remaining-consideration-from-sale-of-50-ownership-in-texas-critical-data-centers-joint-venture\/","title":{"rendered":"Sharon AI Announces Accelerated Receipt of Remaining Consideration from Sale of 50% Ownership in Texas Critical Data Centers Joint Venture"},"content":{"rendered":"

<\/p>\n

Sharon AI Announces Accelerated Receipt of Remaining Consideration from Sale of 50% Ownership in Texas Critical Data Centers Joint Venture<\/b><\/p>\n

Results in Total Proceeds of US$74 million<\/b><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\nToday, SharonAI Holdings Inc. (NASDAQ:SHAZ) and its subsidiaries (\u201cSharon AI\u201d or \u201cthe Company\u201d), a leading Australian neocloud, announced the accelerated receipt of the remaining outstanding US$50 million Senior Secured Convertible Promissory Note, and receipt of a true-up share issuance from New Era Energy & Digital, Inc. (NASDAQ: NUAI).<\/p>\n

\nThis accelerated receipt results in total proceeds of sale of Sharon AI\u2019s 50% ownership interest in Texas Critical Data Centers LLC (\u201cTCDC\u201d) to NUAI of US$74 million, US$4 million higher than the originally anticipated US$70 million.<\/p>\n

\nOn April 10, 2026, NUAI delivered an Optional Redemption Notice to Sharon AI, exercising its right to redeem the full outstanding principal amount of the US$50 million Promissory Note (originally maturing June 30, 2026), plus accrued interest.<\/p>\n

\nSharon AI has the option to convert up to 20% of the principal amount of the note into NUAI common stock by April 17, 2026, with the balance to be paid in cash by April 24, 2026.<\/p>\n

\nAdditionally, NUAI issued a True-Up Notice pursuant to the Membership Interest Purchase Agreement.<\/p>\n

\nFollowing NUAI\u2019s recent public offering of common stock at $3.35 per share, Sharon AI is entitled to approximately 893,724 additional shares of NUAI common stock.<\/p>\n

\nTogether with the US$10 million in cash already received in late March, these steps bring the total consideration to US$74 million to Sharon AI, ahead of the original payment schedule.<\/p>\n

James Manning, CEO of Sharon AI, said:<\/b>\u201cThe early redemption of the US$50 million Promissory Note and the true-up share issuance from NUAI demonstrate the strength of our partnership and strengthens our balance sheet with non-dilutive funding. This accelerated capital inflow enhances our financial flexibility as we continue to scale our sovereign AI and HPC cloud infrastructure in Australia. We are focused on deploying advanced GPU capacity, strengthening partnerships, and delivering high-performance AI solutions to hyperscale, enterprise, AI native, research and government customers in Asia-Pacific, while creating sustained value for our shareholders.\u201d<\/i><\/p>\n

Disclosure Information<\/b><\/p>\n

\nSharon AI primarily uses its Investor Relations page (https:\/\/sharonai.com\/investors\/<\/a>) to disclose material non-public information and to comply with its disclosure obligations under Regulation FD. The Company also notes that, at times, it uses other communication mediums including, but not limited to, its X account (sharon__ai) and\/or LinkedIn account (sharon-AI) to disseminate information about the Company, and can be additional sources of information outside press releases, regulatory filings with the Securities and Exchange Commission (SEC) and any other conference calls, webcasts, investor days, etc. that the company may hold.<\/p>\n

About Sharon AI<\/b><\/p>\n

\nSharonAI Holdings Inc. (NASDAQ:SHAZ) and its subsidiaries (\u201cSharon AI\u201d), a leading Australian Neocloud, is a High-Performance Computing company focused on Artificial Intelligence and Cloud GPU Compute Infrastructure. Our cloud GPU platform and compute infrastructure is accelerating the build of AI factories and sovereign AI solutions, powering the next wave of accelerated computing adoption. For more information, visit www.sharonai.com<\/a>.<\/p>\n

Forward-Looking Statements<\/b><\/p>\n

\nThis press release may contain, and our officers and representatives may from time to time make, \u201cforward-looking statements\u201d within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, which are not historical facts and which are not assurances of future performance. Forward-looking statements are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. In some cases you can identify these statements by forward-looking words such as \u201cbelieve,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cestimate,\u201d \u201ccontinue,\u201d \u201canticipate,\u201d \u201cintend,\u201d \u201ccould,\u201d \u201cshould,\u201d \u201cwould,\u201d \u201cproject,\u201d \u201cstrategy,\u201d \u201cplan,\u201d \u201cexpect,\u201d \u201cgoal,\u201d \u201cseek,\u201d \u201cfuture,\u201d \u201clikely\u201d or the negative or plural of these words or similar expressions or references to future periods. Examples of such forward-looking statements include but are not limited to express or implied statements regarding Sharon AI\u2019s management team\u2019s expectations, hopes, beliefs, intentions or strategies regarding the future including, without limitation, statements regarding:<\/p>\n