Sinda Ltd. filed its quarterly report on Form 10-Q with the SEC on November 2, 2026, covering the period ended September 30, 2026, disclosing a sharply higher cash position and an outstanding share count of 158,790,885 shares as of the filing date.

Key Highlights

  • Cash and cash equivalents: The company reported $305,582,739 in cash and cash equivalents as of September 30, 2026, compared with $10,804,841 as of December 31, 2025.
  • Total current assets: Current assets stood at $307,613,461 as of September 30, 2026, up from $11,041,991 at year-end 2025.
  • Shares outstanding: As of November 2, 2026, there were 158,790,885 shares of common stock, par value $0.0001 per share, outstanding.
  • Interest receivable: The company reported $850,232 in interest receivable as of September 30, 2026, compared with zero at December 31, 2025.
  • Prepaid expenses: Prepaid expenses increased to $1,103,692 as of September 30, 2026, from $143,035 at December 31, 2025.
  • Company status: The filing identifies Sinda Ltd. as a non-accelerated filer, smaller reporting company, and emerging growth company incorporated in Delaware.

Sinda Ltd. Balance Sheet and Operational Context for Q3 2026

Sinda Ltd. (NYSE:SIND), a Delaware-incorporated mining exploration company with principal offices in San Miguel de Allende, Guanajuato, Mexico, filed its Form 10-Q for the quarterly period ended September 30, 2026. According to the filing, total current assets reached $307,613,461, driven primarily by a cash and cash equivalents balance of $305,582,739. This compares with total current assets of $11,041,991 and cash of $10,804,841 as of December 31, 2025. The company attributed a portion of the higher cash balance to proceeds from its IPO and a concurrent placement, which it identified among the sources of funds referenced in the filing.

The filing notes that the company's operations are centered on the Sinda Property, described as consisting of five contiguous mining concessions. The company disclosed that it has a history of negative operating cash flows and net losses, and acknowledged "the lack of assurance that we will achieve or sustain profitability." The filing also discloses dependence on obtaining suitable financing "in order to continue the exploration, permitting, development and construction of the Sinda Property and to continue as a going concern." These characterizations are the company's own and are subject to its cautionary language regarding forward-looking statements.

Other current asset line items disclosed as of September 30, 2026, include interest receivable of $850,232, prepaid expenses of $1,103,692, and other current assets of $76,798. The filing also references a VAT receivable line item, though the reported figure was partially truncated in the available text. The company confirmed it had filed all required reports during the preceding 12 months and submitted all required Interactive Data Files electronically.

What Was Disclosed

Sinda Ltd. filed a Form 10-Q for the quarter ended September 30, 2026, reporting a cash balance of $305,582,739, total current assets of $307,613,461, and 158,790,885 shares outstanding as of the filing date, November 2, 2026.