SharonAI Holdings Inc. Form S-1 filed June 5, 2026

Original source: https://www.sec.gov/Archives/edgar/data/2068385/000149315226027509/forms-1.htm

Source date: 2026-06-05
Retrieved: 2026-07-30T03:48:40Z
Source class: regulator filing

What this source can establish

SharonAI's own public filing says it formed a 50:50 TCDC joint venture with NUAI in January 2025 and sold its 50% interest to NUAI for consideration paid through cash, secured convertible note and equity, completed in January 2026.
SharonAI disclosed accelerated receipt of the remaining $50M senior secured convertible note and receipt of true-up shares from NUAI, resulting in total TCDC-sale proceeds of $74M, $4M higher than originally anticipated.
SharonAI indirect economic beneficiaries/control context as of June 4, 2026: officers/directors as a group held 28.45% Class A, 100% Class B, and 69.22% voting control; several named directors/officers and 5% holders had large voting stakes.
SharonAI stated proceeds helped focus/finance core Neocloud/GPU operations through later financing and customer deployment plans.

Exactly how SharonAI allocated the TCDC sale proceeds internally or whether distributions were made to shareholders or insiders.
Beneficial ownership of SharonAI at the exact Jan. 16/April 13 transaction dates, beyond filing-date snapshots.
Any undisclosed SharonAI-NUAI insider relationship not in public filings.

SharonAI issuer filing; forward-looking use-of-proceeds and business-development statements are management assertions.
Ownership table is as of June 4, 2026, after the TCDC sale and after other SharonAI corporate events.