4DS MEMORY LIMITED

ASX:4DSSemiconductors & Semiconductor Equipment

2.06B shares on issueASX (delayed) · snapshot 11 Sept 20262.29B fully diluted+11.0% if every option and right converts$0.009price · delayed$19.6Mmarket cap · indicative

Today’s holders own 90.1% of what they think they own, once every option and right converts.

Moderate

Dilution risk

Share count grew 17% in 24 months; 5 cash raises in 24 months; runway 4–8 quarters

Absolute levels — not a ranking against other companies.

Cash runway7.5 quarters of funding

Share-count growth (24m)16.9%

Raise cadence (24m)5 cash raises

Options & rights overhang11.0% of shares

In-the-money supply0.0% of shares

Pending proposed issuesopen proposed issue (Appendix 3B)

4DS MEMORY LIMITED's ordinary share count grew 16.9% between March 2024 and June 2025, reaching 2.06B shares. In the past 24 months, the company undertook five capital raises totalling A$29.2M, with the most recent being a A$4.9M Placement and Non-Renounceable Entitlement Issue in September 2026. Options and rights on issue represent a potential 228M new shares, or 11.0% of the current share count, with no options currently in the money; the nearest expiry date is May 2027. As of the June 2026 quarter, the company held A$10.8M in available cash, which based on recent spending, covers approximately 7.6 quarters of operations. Four proposed securities issues are pending, with the nearest expected in October 2026.

AI-generated summary of this page's cited filings · updated 11 Sept 2026

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11.0%

Options & rights overhang

0.0%

In-the-money supply

Raises · last 12 months

7.5 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 2.06B per ASX (delayed) (snapshot 11 Sept 2026).

Cash runway

7.5 qtrs

More than four quarters of funding at the recent spend rate.

Funds operations to about Apr 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: $7.0M cash at quarter end (item 4.6), 4.9 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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15 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)

Date	Form	Security	On issue, per this filing	Source
31 Mar 2026	3H · cancellation	4DS : ORDINARY FULLY PAID	2.06B	Appendix 3H
5 Dec 2025	3H · cancellation	4DS : ORDINARY FULLY PAID	2.06B	Appendix 3H
5 Sept 2025	3H · cancellation	4DS : ORDINARY FULLY PAID	2.06B	Appendix 3H
30 June 2025	3H · cancellation	4DS : ORDINARY FULLY PAID	2.06B	Appendix 3H
23 June 2025	2A · quoted issue	4DS : ORDINARY FULLY PAID	2.06B	Appendix 2A

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23 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

5 cash raises in the last 24 months · 2 in the last 12 months

every 4.9 monthsaverage gap between raises

0.3 monthssince the most recent

14 Jan 2025 – 2 Sept 2026first to most recent in this window

$4.9M

Placement and Non-Renounceable Entitlement Issue

2 Sept 2026 ACTIVE

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5 raises on record — Full raise history

Issue price, shares issued, brokers and stated purpose for every raise on record.

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Retail offer

An offer existing holders can take part in — the one structural advantage retail has in a raise. Dated recently and not yet recorded as complete.

Entitlement offer

dated 2 Sept 2026 · 10 days ago

Placement and Non-Renounceable Entitlement Issue

Closing dates are not in the filings this site holds. Check the company's own announcement below before acting on this.

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Offer terms

The offer price, and how it compares with the last traded price.

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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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9 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 36% of the 15% placement capacity left — about 64% used by Appendix 3B filings in the last 12 months (estimate, as at 2026-09-12). 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

4 proposed issues pending — Appendix 3B lodged, securities not yet issued. New shares from these issues are not in the counts above until quoted.

Paid plan

4 pending issues on record — Pending issue detail

Size, price, fees, broker and placement-capacity usage for each pending issue.

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Options & convertible securities

11.0%

Options & rights overhang · of current shares

0.0%

In-the-money supply · at current price

227.5M

Potential new shares

May 2027

Nearest expiry

What a price move would switch on

At $0.009 today, 0 securities are in the money (0.0% of shares on issue). No more priced supply until 5× today’s price, which takes it to 211.5M (10.3% 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.
10.5M more carries an exercise price above ten times today’s — off the right of this axis, and in every total on this page.

Code	Security	Type	Exercise price	Expiry	On issue	Source
4DSAW	Options	Price-triggered	$0.10	31 May 2027	10.5M	Filing
4DSAX	Options	Price-triggered	$0.037	19 Dec 2027	11.7M	Filing
4DSAY	Options	Price-triggered	$0.037	27 Feb 2028	7.0M	Filing
4DSAAC	Options	Price-triggered	$0.036	28 Feb 2028	192.8M	Filing
4DSAAA	Options	Price-triggered	$0.073	5 Feb 2029	5.5M	Filing

“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.

1 class ceased in the last 12 months and is 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.