SharonAI amends convertible debt indenture, loosening restrictive covenants

SHAZ•2026-08-26

Indenture amendment eases debt restrictions

SharonAI amended its indenture for 6.00% Convertible Senior Notes due May 1, 2031 via a first supplemental indenture dated Aug. 21, 2026.

The changes removed certain restrictive covenants, easing limits on incurring, maintaining and repaying debt, including granting liens to secure indebtedness.

Sources

SharonAI amends convertible debt indenture, loosening restrictive covenants

Sec

SharonAI amends convertible debt indenture, loosening restrictive covenants

Indenture amendment eases debt restrictions

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