Companies / ACE

ACUSENSUS LIMITED.

ASX:ACESoftware & Services
170.9M shares on issueASX (delayed) · snapshot 28 Oct 2026182.2M fully diluted+6.7% if every option and right converts$1.18price · delayed$187.9MMarket capAt the previous close. On a day the price moves, shares × today’s price will differ. Prices delayed.

Today’s holders own 93.8% of what they think they own, once every option and right converts.

Low
Dilution risk

Share count grew 35% in 24 months; 2 cash raises in 24 months; options/rights overhang 7% of shares

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway12+ quarters of funding
Share-count growth (24m)35.4%measured to the latest Appendix 2A, not to the share count above
Raise cadence (24m)2 cash raises
Options & rights overhang6.7% of shares
In-the-money supply2.8% of shares
Pending proposed issuesnone

ACUSENSUS LIMITED had 171M shares on issue as of August 2026. A comparable share-count change figure over the filing series is not stated because the filed Appendix 2A series ends earlier than that date. The company raised capital twice in the past 24 months for total proceeds of A$42.0M, most recently a A$30.0M Placement in December 2025. Options and rights on issue could convert into 11M new shares, equal to 6.7% of the current share count, of which 3% are in the money; the nearest expiry is April 2027. Based on its latest half-year or annual report, ACUSENSUS has more than 4 quarters of funding at the recent spend rate. No proposed securities issues are pending.

AI-generated summary of this page's cited filings · updated 17 Oct 2026
Quick answers · 3

When did ACE last raise capital?

The last capital raise in Acusensus's filings is Placement of $30.0M announced 15 Dec 2025, one of 2 cash raises in 24 months.

How much placement capacity does ACE have left?

About 39% of the 15% placement capacity left, about 61% used in 12 months (estimate). Under ASX Listing Rule 7.1 a company may place up to 15% of its shares in 12 months without shareholder approval.

When do ACE's options expire?

Unexercised options and rights equal 6.7% of Acusensus's shares on issue; the nearest expiry is Apr 2027.

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6.7%
Options & rights overhang
2.8%
In the moneyAn option whose exercise price is below the last closing share price, so converting it pays. These are the options most likely to become new shares soon. supply · most strikes not on record
1
Raises · last 12 months
12+ 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 170.9M per ASX (delayed) (snapshot 28 Oct 2026).
130M140M150M160M170MDec 24Nov 25Oct 26Cash raise · 15 Dec 2025Cash raise · 4 Dec 2024170.9M

Cash runway

12+ qtrs OURS
More than four quarters of funding at the recent spend rate.
More than three years of funding at the reported spend rate — far enough out that a dated estimate would be false precision.
$24.0M cash after burn · operating cash flow only.
FILED $25.0M cash · year ended 30 June 2026
OURS our estimate, carried to todayOURSOur estimate for today. We take the cash in the company’s latest cash report, deduct spending since at its reported rate, and, for quarterly filers, add raises announced after it. It moves daily; announced money may not all be received yet.$25.0M cash at 30 Jun 2026 − $1.0M spent ($746k a quarter × 120 days) = $24.0M left → 12+ qtrsFILED as the company reportedFILEDAs the company stated it in its latest cash report. Dated to the end of that period, it does not change until the next report.
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8 cash reports on record — Cash runway history
Cash, net spend and cover trend from every Appendix 4C/5B and 4D/4E on record up to 30 June 2026.
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Issuance timeline

Latest 5 filings (Appendix 2AThe form a company lodges to have new securities quoted on the ASX. It restates how many of each class are on issue. quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityOn issue, per this filingSource
1 Oct 20263H · cancellationACE : ORDINARY FULLY PAID170.9MAppendix 3H
3 Sept 20263G · unquotedORDINARY FULLY PAID170.9MAppendix 3G
3 Sept 20262A · quoted issueACE : ORDINARY FULLY PAID171.3MAppendix 2A
2 Sept 20262A · quoted issueACE : ORDINARY FULLY PAID169.8MAppendix 2A
2 Sept 20262A · quoted issueACE : ORDINARY FULLY PAID170.4MAppendix 2A
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47 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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Securities on issue over time

Ordinary shares and every option and rights class, month by month over two years. The top edge is the fully diluted count.

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Securities on issue, by class
How the share count and each option and rights class moved, month by month, with every number in a table.
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Capital raises

2 cash raises in the last 24 months · 1 in the last 12 months

every 12.4 monthsaverage gap between raises
10.4 monthssince the most recent
4 Dec 2024 – 15 Dec 2025first to most recent in this window
$30.0M
Placement
At $1.50, 9.1% below the last close
15 Dec 2025 COMPLETE
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6 issues (incl. 3 exercises or conversions) 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.

2.5M of option supply could convert within 12 months — 1.4% of shares on issue
2.5M in the money, expiring in the window
Out-of-the-money options are excluded — at today’s price they expire rather than convert. So is condition-triggered supply, which has no expiry and no price, and convertibles that convert on their own terms rather than on a date.
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5 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 / 7.1ARule 7.1 lets a company issue up to 15% of its shares in 12 months without a shareholder vote. Rule 7.1A adds 10% for smaller companies whose holders approve it. allows 15% of ordinary securities in any 12 months, and every Appendix 3BNotice that a company proposes to issue new securities, such as a placement. The securities are not on issue until a later filing confirms it. states how much of it an issue uses.

About 39% of the 15% placement capacity left — about 61% used by Appendix 3B filings in the last 12 months (estimate, as at 2026-10-28). The company has also placed under the additional 10% (Listing Rule 7.1A), which is not counted in this figure. Shares issued with holder approval are not added to the base, 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

6.7%
Options & rights overhang · of current shares
2.8%
In-the-money supply · most strikes not on record
11.4M
Potential new shares
Apr 2027
Nearest expiry
What this supply is, and what converts it
  • Price-triggered4.8M · 2.8% of shares
    Options and warrants — they convert when the share price clears their exercise price.
  • Condition-triggered6.5M · 3.8% of shares
    Performance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.

Exercise price on record: 4.8M priced (of which 4.8M in the money), 6.5M where the filing never states one. A security with no exercise price is never counted in the money — nothing is paid to convert it, so there is no price for it to be above.

Each figure is the filing’s own count of securities, not a share count — a 2A never states what one security converts into.

What a price move would switch on
5.7M11.4M$1.18 now0.25× today ($0.29) — 500k of the priced supply in the money, 0.3% of shares on issue0.5× today ($0.59) — 4.3M of the priced supply in the money, 2.5% of shares on issue0.75× today ($0.89) — 4.3M of the priced supply in the money, 2.5% of shares on issue1× today ($1.18) — 4.8M of the priced supply in the money, 2.8% of shares on issue1.25× today ($1.47) — 4.8M of the priced supply in the money, 2.8% of shares on issue1.5× today ($1.77) — 4.8M of the priced supply in the money, 2.8% of shares on issue2× today ($2.36) — 4.8M of the priced supply in the money, 2.8% of shares on issue3× today ($3.54) — 4.8M of the priced supply in the money, 2.8% of shares on issue5× today ($5.90) — 4.8M of the priced supply in the money, 2.8% of shares on issue10× today ($11.80) — 4.8M of the priced supply in the money, 2.8% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $1.18 today, 4.8M securities are in the money (2.8% of shares on issue) — a floor, because an exercise price is on record for only 42.5% of this supply. No price up to ten times today’s switches on any more priced supply.

  • 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.
  • 6.5M (57.5% 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
ACEADOptionsPrice-triggered$0.5520 Apr 20271.1MFiling
ACEAEOptionsPrice-triggered$0.551 July 20271.4MFiling
ACEAFOptionsPrice-triggered$1.0012 Jan 2028250kFiling
ACEAABOptionsPrice-triggered$1.0017 Nov 2028250kFiling
ACEAGOptionsPrice-triggered$0.5526 Sept 2031355kFiling
ACEAAAPerformance rightsCondition-triggered——6.5MFiling Meeting
ACEAHOptionsPrice-triggered$0.16—500kFiling
ACEAIOptionsPrice-triggered$0.32—500kFiling
ACEAJOptionsPrice-triggered$0.47—500kFiling

“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. For what expires soon across other listed companies, see the options expiry calendar.

A condition-triggered class has no exercise price and usually no expiry: what it vests on is set by a shareholder resolution, not by the register. Where the company lodged a notice of meeting before the class first appears here, it is linked as “Meeting” — that is where terms of this kind are put to shareholders. It is not confirmation that the document sets this class’s conditions, and no link appears where there is no such filing.

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9 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
25 Sept 2026Alexander JanninkSell off-market1.2M——$1.1M3Y notice
3 Sept 2026Alexander JanninkBuy incentive75k———3Y notice
11 May 2026Alexander JanninkOther incentive511k511k533k$282k3Y notice
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10 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

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