What does assets held in trust noncurrent mean?

Represents funds held in a restricted account, typically for the purpose of funding future acquisitions or potential shareholder redemptions. These assets are legally segregated from general operating cash and are restricted for specific corporate uses. They serve as the primary collateral for the company's business combination objectives.

Sonics & Materials, Inc. SIMA Assets Held In Trust Noncurrent

Assets Held In Trust Noncurrent at other companies

ORI

Origin Investment Corp I Ordinary SharesORIQ

$71.68M—

ADA

American Drive Acquisition Company ADAC

$232.25M—

Other financials

Income statement

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Operating income-$126.9K+47.4%

Net income$2.0M-8.7%

EPS (diluted)$0.070.0%

Balance sheet

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Cash & equivalents$468.4K-8.5%

Total equity-$61.1K+99.4%

Total assets$247.9M+3.9%

Cash flow

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Operating cash flow-$299.3K-61.4%

Valuation

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Market cap$89.41M-72.1%

P/E10.4×-17.1×

Returns & leverage

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Return on equity-168.9%—

Current ratio0.8×-13.9×

Where this comes from

Reported directly by Sonics & Materials, Inc. in its filing.

Tagged under the XBRL concept us-gaap:AssetsHeldInTrustNoncurrent.

The official record: Sonics & Materials, Inc.’s 10-Q, filed May 15, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Sonics & Materials, Inc.'s assets held in trust noncurrent?: Sonics & Materials, Inc. (SIMA) reported assets held in trust noncurrent of $247.27M in Q1 2026.
What does assets held in trust noncurrent mean?: Represents funds held in a restricted account, typically for the purpose of funding future acquisitions or potential shareholder redemptions. These assets are legally segregated from general operating cash and are restricted for specific corporate uses. They serve as the primary collateral for the company's business combination objectives.