Companies / AD1

ADNEO LIMITED

ASX:AD1Media & Entertainment
415.3M shares on issueASX (delayed) · snapshot 11 Sept 2026514.4M fully diluted+23.9% if every option and right converts$0.019price · delayed$7.9Mmarket cap · indicative

Today’s holders own 80.7% of what they think they own, once every option and right converts.

Moderate
Dilution risk

Share count grew 250% in 24 months; 2 cash raises in 24 months; options/rights overhang 24% of shares

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runwaycash-generative (no net burn)
Share-count growth (24m)249.8%
Raise cadence (24m)2 cash raises
Options & rights overhang23.9% of shares
In-the-money supply0.0% of shares
Pending proposed issuesopen proposed issue (Appendix 3B)

ADNEO LIMITED undertook an approximately 1-for-9.2 share consolidation in November 2024. Following this, its ordinary share count grew 249.8% between August 2024 and August 2026, to 415M shares. The company raised capital two times in the past 24 months for total disclosed proceeds of A$6.8M, most recently a A$1.1M placement in August 2026. Options and rights on issue could convert into 99M new shares, equal to 23.9% of the current share count, with the nearest expiry in May 2027. At the June 2026 quarter the company reported A$2.0M in available cash. The latest quarter reported non-negative net cash flow, so no funding-runway figure applies. No proposed securities issues are pending.

AI-generated summary of this page's cited filings · updated 29 Aug 2026
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23.9%
Options & rights overhang
0.0%
In-the-money supply
1
Raises · last 12 months
No net burn
Cash cover · cash-generative

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Adjusted for the 1-for-9.2 consolidation (13 Nov 2024). Latest count 415.3M per ASX (delayed) (snapshot 11 Sept 2026).
200M300M400MDec 24Oct 25Sept 26Cash raise · 10 Aug 2026Cash raise · 18 Aug 2025415.3M

Cash runway

—
The latest quarterly report shows no net cash burn, so there is no cash-out date.
$2.0M 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: $983k cash at quarter end (item 4.6). Our figure above carries the filed quarter-end balance forward at the reported spend rate and adds announced raise proceeds.
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12 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
19 Aug 20262A · quoted issueAD1 : ORDINARY FULLY PAID415.3MAppendix 2A
20 Aug 20252A · quoted issueAD1 : ORDINARY FULLY PAID369.0MAppendix 2A
20 Aug 20253G · unquotedAD1 : ORDINARY FULLY PAID364.5MAppendix 3G
20 Aug 20253G · unquotedAD1 : ORDINARY FULLY PAID364.5MAppendix 3G
20 Aug 20252A · quoted issueAD1 : ORDINARY FULLY PAID369.5MAppendix 2A
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21 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

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

every 11.7 monthsaverage gap between raises
1.1 monthssince the most recent
18 Aug 2025 – 10 Aug 2026first to most recent in this window
$1.1M
Placement
10 Aug 2026 ACTIVE
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4 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.

2.4M of option supply could convert within 12 months — 0.6% of shares on issue
2.4M at a stated nil exercise price — nothing is paid to convert these
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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8 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 15% of the 15% placement capacity left — about 85% 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

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

23.9%
Options & rights overhang · of current shares
0.0%
In-the-money supply · at current price
99.1M
Potential new shares
May 2027
Nearest expiry
What a price move would switch on
49.5M99.1M$0.019 now0.25× today ($0.005) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.009) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.014) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.019) — 0 of the priced supply in the money, 0.0% of shares on issue1.25× today ($0.024) — 0 of the priced supply in the money, 0.0% of shares on issue1.5× today ($0.028) — 0 of the priced supply in the money, 0.0% of shares on issue2× today ($0.038) — 0 of the priced supply in the money, 0.0% of shares on issue3× today ($0.057) — 0 of the priced supply in the money, 0.0% of shares on issue5× today ($0.095) — 96.7M of the priced supply in the money, 23.3% of shares on issue10× today ($0.190) — 96.7M of the priced supply in the money, 23.3% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.019 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 96.7M (23.3% 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.
  • 2.4M (2.4% of the supply above) states a nil exercise price — nothing is paid to convert it, so no share price switches it on or off. It is the flat band, and it is not part of the in-the-money figure.
CodeSecurityTypeExercise priceExpiryOn issueSource
AD1ATOptionsPrice-triggeredNil5 May 20272.4MFiling
AD1AUOptionsPrice-triggered$0.07015 Aug 202741.9MFiling
AD1AWOptionsPrice-triggered$0.07020 Aug 202710.8MFiling
AD1AAAOptionsPrice-triggered$0.09020 Aug 20272.5MFiling
AD1AXOptionsPrice-triggered$0.07020 Aug 20285.0MFiling
AD1AYOptionsPrice-triggered$0.09020 Aug 20285.0MFiling
AD1AVOptionsPrice-triggered$0.07020 Aug 202921.5MFiling
AD1AZOptionsPrice-triggered$0.09020 Aug 202910.0MFiling

“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.

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8 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
20 Aug 2025Ian BasserOther—2.5M——3Y notice
20 Aug 2025Kevin LynchOther—2.5M——3Y notice
18 June 2025Angus WashingtonOther placement1.1M370k——3Y 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

2 Sept 2026Change in substantial holding
31 Aug 2026$PAppendix 4E - Preliminary Final Report
19 Aug 2026Cleansing Notice
19 Aug 2026Application for quotation of securities - AD1
12 Aug 2026Proposed issue of securities - AD1
12 Aug 2026AdNeo Investor Presentation
12 Aug 2026$PAdNeo receives commitments for Placement and Debt Conversion
10 Aug 2026$PTrading halt
20 July 2026$PQuarterly Activities/Appendix 4C Cash Flow Report
13 July 2026$PAdNeo wins major TAFE SA contract
10 July 2026Change in Company Secretaries
6 July 2026$PAdNeo wins Queensland Human Rights Commission contract
26 Apr 2026$PQuarterly Activities/Appendix 4C Cash Flow Report
21 Apr 2026$PAD1 Secures 5 Yr Enterprise Agreement with Amplitude Energy
27 Feb 2026$PAppendix 4D and Half Year Financial Report
29 Jan 2026$PQuarterly Activities/Appendix 4C Cash Flow Report
2 Jan 2026Appointment of Company Secretary
11 Dec 2025$PLearnt wins material contract with Hisense
3 Dec 2025$PAspire by Catapult wins material Kangan Institute contract
2 Dec 2025Investor Webinar

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