Corporate Practice Represented Sharon AI in Strategic Divestment of Texas Critical Data Centers Ownership
Sheppard Mullin represented Sharon AI (SHAZ:OTC Markets, SHAZW:OTC Markets) in its recently closed transaction to sell its 50% ownership interest in Texas Critical Data Centers LLC to New Era Energy & Digital, Inc. (Nasdaq: NUAI) for $70 million. The transaction is expected to facilitate further investment in Sharon AI’s core Neocloud operations, bringing high performance compute to market at scale, for its hyperscale, research, enterprise and government customers alike.
The Sheppard Mullin team was led by Chad Ensz, Greg Carney and Seth Lemings.
Read the press release here.