Sinda Ltd. Common Stock (SIND)

Sinda Ltd. (NYSE: SIND) (the "Company" or "Sinda") today issued a statement to confirm that on July 27, 2026, Sinda completed the closing of its previously announced concurrent private placement (the "Concurrent Placement") with Fresnillo plc ("Fresnillo"), pursuant to the Common Stock Purchase Agreement between Sinda and Fresnillo dated June 22, 2026 (the “Purchase Agreement”). At closing, Fresnillo purchased 7,939,544 shares of Sinda common stock at the Company's initial public offering price of $12.00 per share, for gross proceeds to the Company of approximately $95.3 million. Following that closing, and consistent with Sinda's pre-existing contractual commitment to do so promptly thereafter, the Company filed a Form S-1 registration statement with the U.S. Securities and Exchange Commission on July 28, 2026, covering the potential future resale of those shares.

Sinda Ltd. (the "Company" or "Sinda") today announced the closing of its initial public offering of 17,750,000 shares of common stock at a public offering price of $12.00 per share. The aggregate gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses, were approximately $213 million.