Companies / 14D

1414 DEGREES LIMITED

ASX:14DCapital Goods
714.4M shares on issueASX (delayed) · snapshot 11 Sept 20261.10B fully diluted+54.1% if every option and right converts$0.060price · delayed$42.9Mmarket cap · indicative

Today’s holders own 64.9% of what they think they own, once every option and right converts.

High
Dilution risk

Share count grew 179% in 24 months; 8 cash raises in 24 months; options/rights overhang 54% of shares

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway6.5 quarters of funding
Share-count growth (24m)178.9%
Raise cadence (24m)8 cash raises
Options & rights overhang54.1% of shares
In-the-money supplyno data — an exercise price is on record for a minority of the supply
Pending proposed issuesopen proposed issue (Appendix 3B)

1414 DEGREES LIMITED's ordinary share count grew 178.9% between September 2024 and September 2026, reaching 714M shares. Over the past 24 months, the company completed eight capital raises totalling A$19.1M, with the most recent being a A$8.5M placement in June 2026. Options and rights on issue could convert into 386M new shares, representing 54.1% of the current share count, with the nearest expiry in November 2027. As of the June 2026 quarter, the company reported A$10.9M in available cash, sufficient for approximately 6.5 quarters of operations. No proposed securities issues are currently pending.

AI-generated summary of this page's cited filings · updated 7 Sept 2026
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54.1%
Options & rights overhang
—
In-the-money supply · most strikes not on record
5
Raises · last 12 months
6.5 qtrs
Cash cover · over 4 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 714.4M per ASX (delayed) (snapshot 11 Sept 2026).
300M400M500M600M700MDec 24Oct 25Sept 26Cash raise · 18 June 2026Cash raise · 28 Apr 2026Cash raise · 24 Mar 2026Cash raise · 6 Oct 2025Cash raise · 22 Sept 2025Cash raise · 3 July 2025714.4M

Cash runway

6.5 qtrs
More than four quarters of funding at the recent spend rate.
Funds operations to about Feb 2028 at the reported spend rate.
$10.8M cash after burn from the quarter ended 30 June 2026 · Runway is computed from Appendix 4C/5B filings and announced raise proceeds. Filed with the quarterly report: $1.8M cash at quarter end (item 4.6), 1.2 qtrs of funding on the company’s own estimate. Our figure above carries the filed quarter-end balance forward at the reported spend rate and adds announced raise proceeds.
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14 quarters on record — Cash runway history
Quarterly cash, net spend and cover trend from every Appendix 4C/5B on record up to 30 June 2026.
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Issuance timeline

Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityOn issue, per this filingSource
3 Sept 20262A · quoted issue14D : ORDINARY FULLY PAID714.4MAppendix 2A
28 July 20262A · quoted issue14D : ORDINARY FULLY PAID712.8MAppendix 2A
27 July 20262A · quoted issue14D : ORDINARY FULLY PAID671.9MAppendix 2A
27 July 20263G · unquoted14D : ORDINARY FULLY PAID670.9MAppendix 3G
13 July 20262A · quoted issue14D : ORDINARY FULLY PAID670.9MAppendix 2A
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38 filings on record — Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
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Capital raises

8 cash raises in the last 24 months · 5 in the last 12 months

every 3.5 monthsaverage gap between raises
2.8 monthssince the most recent
13 Sept 2024 – 18 June 2026first to most recent in this window
$8.5M
Placement
18 June 2026 COMPLETE
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16 raises on record — Full raise history
Issue price, shares issued, brokers and stated purpose for every raise on record.
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Forward supply

Every dated event on record that could add securities to the register — option expiries to their stated dates and proposed issues over the next 18 months, on one timeline.

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10 dated events on record — Forward supply calendar
Option expiries and proposed issues on one forward timeline, with the securities each could add.
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Placement capacity

How much stock a company can place without asking holders. Listing Rule 7.1 allows 15% of ordinary securities in any 12 months, and every Appendix 3B states how much of it an issue uses.

About 72% of the 15% placement capacity left — about 28% used by Appendix 3B filings in the last 12 months (estimate, as at 2026-09-12). The company has also placed under the additional 10% (Listing Rule 7.1A), which is not counted in this figure. One filing in the window states more under 7.1 than the whole allowance and is not counted, so usage may be higher than this. Holder-approved issues and any later ratification are not deducted, so the true headroom can be higher.
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Placement capacity — LR 7.1 / 7.1A
The filings behind the figure: every Appendix 3B in the window with what it says was issued under 7.1 and 7.1A, each row linked to its filing, and how many shares are left.
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Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

54.1%
Options & rights overhang · of current shares
—
In-the-money supply · most strikes not on record
386.2M
Potential new shares
Nov 2027
Nearest expiry
What a price move would switch on
193.1M386.2M$0.060 now0.25× today ($0.015) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.030) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.045) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.060) — 0 of the priced supply in the money, 0.0% of shares on issue1.25× today ($0.075) — 0 of the priced supply in the money, 0.0% of shares on issue1.5× today ($0.090) — 0 of the priced supply in the money, 0.0% of shares on issue2× today ($0.120) — 4.0M of the priced supply in the money, 0.6% of shares on issue3× today ($0.180) — 4.0M of the priced supply in the money, 0.6% of shares on issue5× today ($0.300) — 6.0M of the priced supply in the money, 0.8% of shares on issue10× today ($0.600) — 14.5M of the priced supply in the money, 2.0% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

An exercise price is on record for only 3.8% of this supply, so what is in the money today is not a measurement — the tile above reads “—” for that reason. Of the priced supply, 0 is in the money at $0.060 today. At double today’s price it is 4.0M (0.6% of shares).

  • Priced supply in the money at the price on the axis — the curve, and the only thing on it. Ten prices, sampled: between two of them the true figure lies between the two.
  • 371.7M (96.2% of the supply above) states no exercise price at all. It cannot be called in or out of the money at any price, which is why it is hatched rather than plotted.
CodeSecurityTypeExercise priceExpiryOn issueSource
14DAJOptionsPrice-triggered$0.1021 Nov 20274.0MFiling
14DOAOptionsPrice-triggered—29 Jan 2028276.1MFiling
14DAKOptionsPrice-triggered$0.2030 June 20281.0MFiling
14DALOptionsPrice-triggered$0.3030 June 20282.5MFiling
14DAMOptionsPrice-triggered$0.2530 June 20291.0MFiling
14DANOptionsPrice-triggered$0.3030 June 20291.0MFiling
14DAOOptionsPrice-triggered$0.4030 June 20292.5MFiling
14DAPOptionsPrice-triggered$0.5030 June 20292.0MFiling
14DAQOptionsPrice-triggered$0.5030 June 2030500kFiling
14DOOptionsPrice-triggered—9 July 203095.6MFiling

“Nil” is a stated nil exercise price: nothing is paid to convert. An em dash means the filing names no exercise price at all. Security is read from the filing’s own class description; an em dash there means the description is not one this table labels. One row is one security class, at the number stated in the most recent quotation application that restated it — linked, and dated, in the last column.

2 classes ceased in the last 12 months and are not counted above
The company’s own Appendix 2A restates each of these at zero. They are excluded from the overhang, the in-the-money supply and every figure on this page. Each count is the filing’s own count of securities in the class, not a share count — a 2A never states what one security converts into.
  • 14DAIPrice-triggered667k securities → 04 June 2026 Appendix 2A
  • 14DAFCondition-triggered900k securities → 025 May 2026 Appendix 2A
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10 option lines on record — In-the-money value & price ladder
What each line is worth in the money today, the price ladder to the next tranche that converts, and the filing description behind every code.
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Director dealings

DateDirectorTypeSharesOptionsOtherValueSource
9 July 2026Graham DooleyOther508k13k——3Y notice
9 July 2026Kevin MoriartyOther15.9M418k——3Y notice
9 July 2026Randolph BowenOther3.5M88k——3Y notice
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12 notices on record — Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
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Ownership

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Top-20 holders & substantial holder notices
Top-20 register snapshot and substantial-holder movements, each linked to its source notice.
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Latest announcements

7 Sept 2026EoI for Aurora Energy Precinct Grid Scale Development
3 Sept 2026Cleansing Notice
3 Sept 2026Application for quotation of securities - 14D
31 Aug 2026$P14D Secures 100% of Aurora Energy Precinct
31 Aug 2026$PPreliminary Final Report
26 Aug 2026SiNTL Update
23 Aug 2026$PSiNTL Manufacturing Pathway Established in South Korea
5 Aug 2026SiNTL Satellite Partnership
2 Aug 2026Advisory Board Update
31 July 2026$PQuarterly Activities/Appendix 4C Cash Flow Report
29 July 2026Conference Presentation - Tactic 2026
28 July 2026Cleansing Notice
28 July 2026Application for quotation of securities - 14D
27 July 2026Notification regarding unquoted securities - 14D
27 July 2026Cleansing Notice
27 July 2026Application for quotation of securities - 14D
27 July 2026$PAddendum to Announcement
27 July 2026$PPause in Trading
26 July 2026$PHeads of Agreement for 1GW Data Centre
19 July 2026Aurora Energy Precinct Update

Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.