Companies / A4N

ALPHA HPA LIMITED

ASX:A4NMaterials
1.45B shares on issueASX (delayed) · as of 28 July 2026$0.54price · delayed$762.2Mmarket cap · indicative
C
Dilution grade

Runway 2–4 quarters; share count grew 28% in 24 months; 2 cash raises in 24 months

Cash runway2.9 quarters of funding
Share-count growth (24m)28.0%
Raise cadence (24m)2 cash raises
Options & rights overhang2.3% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

ALPHA HPA LIMITED's ordinary share count grew 28.0% between June 2024 and March 2026, to 1.45B shares. The company disclosed two capital raises in the 24-month window, with total confirmed proceeds of A$231.8M, the most recent raise showing A$231.8M in proceeds in January 2026. Options and rights on issue could convert into 34M new shares, equal to 2.3% of the current share count, with 0% in the money and the nearest expiry in August 2028. At the June 2026 quarter the company reported A$145.4M in cash, covering 2.9 quarters at its recent reported burn rate. No proposed securities issues (Appendix 3B) are pending.

AI-generated summary of this page's cited filings · updated 28 July 2026
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2.3%
Max option dilution
0.0%
ITM option dilution
2
Raises · last 12 months
2.9 qtrs
Cash cover · 2–4 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 1.45B per ASX (delayed) (28 July 2026).
1.20B1.29B1.39BDec 24Sept 25July 26Cash raise · 28 Jan 2026Cash raise · 31 July 2025

Cash runway

2.9 qtrs
Two to four quarters of funding at the recent spend rate.
$145.4M available cash at quarter ended 30 June 2026 · Runway is computed from Appendix 4C/5B filings and announced raise proceeds.
Paid plan
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)

DateFormSecurityTotal on issue afterSource
30 June 20263H · cancellationA4N : ORDINARY FULLY PAID1.45BAppendix 3H
30 Mar 20263H · cancellationA4N : ORDINARY FULLY PAID1.45BAppendix 3H
12 Mar 20262A · quoted issueA4N : ORDINARY FULLY PAID1.45BAppendix 2A
26 Feb 20262A · quoted issueA4N : ORDINARY FULLY PAID1.29BAppendix 2A
3 Feb 20262A · quoted issueA4N : ORDINARY FULLY PAID1.28BAppendix 2A
Paid plan
Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
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Capital raises

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

$231.8M
Capital raise
28 Jan 2026
Paid plan
Full raise history
Issue price, discount, brokers, purpose and tranche detail for every raise on record.
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Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

2.3%
Total overhang · of current shares
0.0%
In the money · at current price
33.7M
Potential new shares
Aug 2028
Nearest expiry
Paid plan
Per-line options & expiry cliffs
Each option line — code, strike, expiry, quantity and ITM value — plus the expiry-cliff chart.
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Director dealings

DateDirectorTypeSharesOptionsValueSource
27 Mar 2026Robert WilliamsonBuy150k—$80k3Y notice
26 Mar 2026Rimas KairaitisBuy80k—$45k3Y notice
27 Feb 2026Marghanita JohnsonBuy31k—$20k3Y notice
Paid plan
Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
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Ownership

Free account
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

21 July 2026$PQuarterly Activities/Appendix 4C Cash Flow Report
21 July 2026Change in substantial holding
30 June 2026Notification of cessation of securities - A4N
24 June 2026Becoming a substantial holder
15 June 2026Product Marketing Update
1 May 2026Change in substantial holding from MQG
29 Apr 2026$PQuarterly Activities/Appendix 4C Cash Flow Report
15 Apr 2026Change in substantial holding from MQG
30 Mar 2026Notification of cessation of securities - A4N
29 Mar 2026Change of Director's Interest Notice
26 Mar 2026Change of Director's Interest Notice
24 Mar 2026Semiconductor Sector Demand Rapidly Accelerates
24 Mar 2026Change in substantial holding from MQG
16 Mar 2026Becoming a substantial holder
15 Mar 2026Cleansing Notice
12 Mar 2026Application for quotation of securities - A4N
11 Mar 2026Results of Extraordinary General Meeting
3 Mar 2026Change of Director's Interest Notice
26 Feb 2026Application for quotation of securities - A4N
26 Feb 2026$PHalf Yearly Report and Accounts

Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 July 2026.