Companies / ADC

ACDC METALS LTD

ASX:ADCMaterials
120.0M shares on issueASX (delayed) · as of 28 July 2026$0.047price · delayed$5.3Mmarket cap · indicative
C
Dilution grade

Share count grew 142% in 24 months; 2 cash raises in 24 months; options/rights overhang 26% of shares

Cash runway15.1 quarters of funding
Share-count growth (24m)141.8%
Raise cadence (24m)2 cash raises
Options & rights overhang25.8% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

ACDC METALS LTD's ordinary share count increased 141.8% between January 2024 and July 2026, to 120M shares. The company raised capital twice in that period for total disclosed proceeds of A$3.5M, most recently a Placement and Non-Renounceable Entitlement Offer in April 2026 that raised A$2.3M. Options and rights on issue could convert into 31M new shares, equal to 25.8% of the current share count, with the nearest expiry in April 2027 and 0% in the money. At the March 2026 quarter the company reported A$3.7M in cash, representing 15.1 quarters of cover. 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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25.8%
Max option dilution
0.0%
ITM option dilution
2
Raises · last 12 months
15.1 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 120.0M per ASX (delayed) (28 July 2026).
83.1M96.6M110.2MDec 24Sept 25July 26Cash raise · 30 Apr 2026Cash raise · 27 Apr 2026

Cash runway

15.1 qtrs
More than four quarters of funding at the recent spend rate.
$3.7M available cash at quarter ended 31 Mar 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 31 Mar 2026.
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Issuance timeline

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

DateFormSecurityTotal on issue afterSource
20 July 20263G · unquotedADC : ORDINARY FULLY PAID100.6MAppendix 3G
20 July 20263G · unquotedADC : ORDINARY FULLY PAID100.6MAppendix 3G
19 July 20262A · quoted issueADC : ORDINARY FULLY PAID120.0MAppendix 2A
15 June 20262A · quoted issueADC : ORDINARY FULLY PAID100.6MAppendix 2A
15 June 20263G · unquotedADC : ORDINARY FULLY PAID93.7MAppendix 3G
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

$2.3M
Placement and Non-Renounceable Entitlement Offer
30 Apr 2026 COMPLETE
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

25.8%
Total overhang · of current shares
0.0%
In the money · at current price
31.0M
Potential new shares
Apr 2027
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
16 June 2026Andrew Nicholas ShearerBuy800k400k—3Y notice
16 June 2026Richard Allen BoyceBuy380k118k—3Y notice
17 Feb 2026Mark Stephen SaxonBuy300k150k—3Y 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$PSurvey Defines Drill Targets at Mount Jackson Gold Project
20 July 2026Notification regarding unquoted securities - ADC
20 July 2026Notification regarding unquoted securities - ADC
19 July 2026Cleansing Notice
19 July 2026Application for quotation of securities - ADC
30 June 2026$PRetention Licence Granted for Goschen Central Project
24 June 2026Results of General Meeting
17 June 2026Change in Directors Interest Notices x 3
15 June 2026Notification regarding unquoted securities - ADC
15 June 2026Application for quotation of securities - ADC
10 June 2026$PResults of Entitlement Offer
8 June 2026$PSurface Results from Mount Jackson Confirm Gold & Copper
25 May 2026Letter to Shareholders - General Meeting
25 May 2026Notice of General Meeting/Proxy Form
20 May 2026Letter to Ineligible Shareholders
20 May 2026Entitlement Offer Opens and Dispatch of Prospectus
18 May 2026Change in substantial holding
18 May 2026Change in substantial holding
13 May 2026Ceasing to be a substantial holder - MS
11 May 2026Proposed issue of securities - ADC

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