Companies / ADS

ADSLOT LTD.

ASX:ADSSoftware & Services
5.97B shares on issueASX (delayed) · snapshot 11 Sept 20266.77B fully diluted+13.4% if every option and right converts$0.001price · delayed$6.0Mmarket cap · indicative

Today’s holders own 88.2% of what they think they own, once every option and right converts.

High
Dilution risk

Runway under 2 quarters; share count grew 27% in 24 months; 2 cash raises in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway0.5 quarters of funding
Share-count growth (24m)27.0%
Raise cadence (24m)2 cash raises
Options & rights overhang13.4% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

ADSLOT LTD.'s ordinary share count increased 27.0% between July 2024 and August 2026, reaching 5.97B shares. The company completed two capital raises totalling A$1.2M in the past 24 months, with the most recent being a A$989K placement and convertible notes issue in August 2025. Options and rights on issue represent a potential 798M new shares, which is 13.4% of the current share count. The nearest expiry date for these options is April 2028, and none are currently in the money. As of June 2026, the company had A$591K in cash, providing approximately 0.5 quarters of operational cover. There are no pending proposed securities issues.

AI-generated summary of this page's cited filings · updated 11 Sept 2026
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13.4%
Options & rights overhang
0.0%
In-the-money supply
0
Raises · last 12 months
0.5 qtrs
Cash cover · under 2 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 5.97B per ASX (delayed) (snapshot 11 Sept 2026).
5.0B5.5B6.0BDec 24Oct 25Sept 26Cash raise · 4 Aug 2025Cash raise · 1 Aug 20255.97B

Cash runway

0.5 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
The latest quarterly report funded operations to about Aug 2026 — that date has passed, and no later report is on record.
$578k 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: $1.6M 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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14 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
10 Aug 20262A · quoted issueADS : ORDINARY FULLY PAID5.97BAppendix 2A
15 June 20263H · cancellationADS : ORDINARY FULLY PAID5.91BAppendix 3H
19 May 20263H · cancellationADS : ORDINARY FULLY PAID5.91BAppendix 3H
27 Apr 20262A · quoted issueADS : ORDINARY FULLY PAID5.91BAppendix 2A
27 Apr 20262A · quoted issueADS : ORDINARY FULLY PAID5.91BAppendix 2A
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43 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 · 0 in the last 12 months

every 0.1 monthsaverage gap between raises
13.3 monthssince the most recent
1 Aug 2025 – 4 Aug 2025first to most recent in this window
$989k
Placement and Convertible Notes
4 Aug 2025
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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.

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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 94% of the 15% placement capacity left — about 6% 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

13.4%
Options & rights overhang · of current shares
0.0%
In-the-money supply · at current price
798.5M
Potential new shares
Apr 2028
Nearest expiry
What this supply is, and what converts it
  • Price-triggered798.5M · 13.4% of shares
    Options and warrants — they convert when the share price clears their exercise price.
  • Converts on terms739 · 0.0% of shares
    Convertibles with no exercise price — they convert on their own terms, so they are shares in all but name.

Exercise price on record: 798.5M priced, 739 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
399.2M798.5M$0.0010 now0.25× today ($0.0003) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.0005) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.0008) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.0010) — 0 of the priced supply in the money, 0.0% of shares on issue1.25× today ($0.0013) — 707.5M of the priced supply in the money, 11.9% of shares on issue1.5× today ($0.0015) — 707.5M of the priced supply in the money, 11.9% of shares on issue2× today ($0.0020) — 798.5M of the priced supply in the money, 13.4% of shares on issue3× today ($0.0030) — 798.5M of the priced supply in the money, 13.4% of shares on issue5× today ($0.0050) — 798.5M of the priced supply in the money, 13.4% of shares on issue10× today ($0.0100) — 798.5M of the priced supply in the money, 13.4% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.0010 today, 0 securities are in the money (0.0% of shares on issue). No more priced supply until 1.25× today’s price, which takes it to 707.5M (11.9% 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.
  • 739 (0.0% 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
ADSAPOptionsPrice-triggered$0.00113 Apr 2028246.3MFiling
ADSAQOptionsPrice-triggered$0.00119 Apr 2028250.0MFiling
ADSAKOptionsPrice-triggered$0.0015 Nov 202826.1MFiling
ADSAAOptionsPrice-triggered$0.0021 Dec 202884.0MFiling
ADSALOptionsPrice-triggered$0.00223 Jan 20292.0MFiling
ADSAMOptionsPrice-triggered$0.00124 Feb 202940.0MFiling
ADSANOptionsPrice-triggered$0.0024 June 20295.0MFiling
ADSASOptionsPrice-triggered$0.00113 Oct 202995.0MFiling
ADSAROptionsPrice-triggered$0.0011 Feb 203050.0MFiling
ADSAONotesConverts on terms——739Filing

“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.
  • ADSABPrice-triggered26.9M securities → 015 June 2026 Appendix 2A
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10 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
8 Sept 2026Andrew DyerSell off-market166.5M25.0M—$166k3Y notice
10 Aug 2026Andrew DyerOther39.0M———3Y notice
10 Aug 2026Mr Adrian GilesBuy8.4M———3Y notice
10 Aug 2026Sarah MorganOther9.9M———3Y notice
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28 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

9 Sept 2026Change of Director's Interest Notice - A Dyer
3 Sept 2026Extension of GroupM / WPP Media Contract
31 Aug 2026Corporate Governance Statement and Appendix 4G
31 Aug 2026$PAppendix 4E and Annual Report FY2026
13 Aug 2026Change of Director's Interest Notice - S Morgan
12 Aug 2026Change of Director's Interest Notice - A Dyer
12 Aug 2026Change of Director's Interest Notice - A Giles
10 Aug 2026$PUpdate on Administration of 100% Subsidiary
10 Aug 2026Cleansing Notice
10 Aug 2026Application for quotation of securities - ADS
7 Aug 2026Becoming a substantial holder - amended
4 Aug 2026$PTOV: Adslot Ltd – Panel Declines to Conduct Proceedings
28 July 2026$PQuarterly Activities/Appendix 4C Cash Flow Report
22 July 2026$PUpdate on Administration of 100% Subsidiary
21 July 2026$PTOV: ADS - Panel Receives Application
14 July 2026Executive Chairman Terms of Appointment - Extension Update
29 June 2026Becoming a substantial holder
29 June 2026Ceasing to be a substantial holder
18 June 2026$PAdministration of 100% Subsidiary
16 June 2026Change of Director's Interest Notice - A Dyer

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