Companies / AEI

AERIS ENVIRONMENTAL LTD

ASX:AEICommercial & Professional Services
282.7M shares on issueASX (delayed) · snapshot 28 Oct 2026285.7M fully diluted+1.1% if every option and right converts$0.043price · delayed$11.6MMarket capAt the previous close. On a day the price moves, shares × today’s price will differ. Prices delayed.

Today’s holders own 99.0% of what they think they own, once every option and right converts.

Moderate
Dilution risk

Runway under 2 quarters; share count grew 15% in 24 months; 1 cash raise in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runwaycash used up at the reported spend rate
Share-count growth (24m)15.1%
Raise cadence (24m)1 cash raise
Options & rights overhang1.1% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

AERIS ENVIRONMENTAL LTD's ordinary share count grew 15.1% between January 2024 and October 2026, its latest share-count filing, to 283M shares. The company raised capital once in that period, a A$1.5M placement in October 2026. Options and rights on issue could convert into 3M new shares, equal to 1.1% of the current share count, none of which are in the money; the nearest expiry falls in November 2029. On funding, the company states that at the reported spend rate the reported cash would since have been used up, and no later cash report is on record, so no funding-runway figure applies. No proposed securities issues are currently pending.

AI-generated summary of this page's cited filings · updated 27 Oct 2026
Quick answers · 6

Why was AEI in a trading halt?

Aeris Environmental requested a trading halt on 16 Oct 2026, giving the reason "Pending release of an announcement concerning a material capital raising". Trading was expected to resume 20 Oct 2026.

When did AEI last raise capital?

The last capital raise in Aeris Environmental's filings is Placement of $1.5M announced 20 Oct 2026, one of 1 cash raises in 24 months.

How much placement capacity does AEI have left?

About 3% of the 15% placement capacity left, about 97% 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.

How much cash does AEI have?

In its quarterly cash report for the quarter ended 30 June 2026, Aeris Environmental reported $2.0M of cash and estimated 1.2 quarters of funding available at its current rate of spending. That is the company's own estimate.

When do AEI's options expire?

Unexercised options and rights equal 1.1% of Aeris Environmental's shares on issue; the nearest expiry is Nov 2029.

How much has AEI's share count grown?

Aeris Environmental has 282.7M shares on issue as at 28 Oct 2026, up 15.1% over 24 months according to its Appendix 2A filings.

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1.1%
Options & rights overhang
0.0%
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
1
Raises · last 12 months
Used up
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 282.7M per ASX (delayed) (snapshot 28 Oct 2026).
250M260M270M280MDec 24Nov 25Oct 26Cash raise · 20 Oct 2026282.7M

Cash runway

Used up OURS
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
At the reported spend rate the cash would have run out around Sept 2026, and no later report is on record.
FILED 1.2 qtrs · $2.0M cash · quarter 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.FILED 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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15 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
27 Oct 20262A · quoted issueAEI : ORDINARY FULLY PAID282.7MAppendix 2A
18 Dec 20253G · unquotedAEI : ORDINARY FULLY PAID246.6MAppendix 3G
12 Nov 20252A · quoted issueAEI : ORDINARY FULLY PAID246.6MAppendix 2A
22 Aug 20252A · quoted issueAEI : ORDINARY FULLY PAID246.5MAppendix 2A
7 Jan 20252A · quoted issueAEI : ORDINARY FULLY PAID245.7MAppendix 2A
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7 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

1 cash raise in the last 24 months · 1 in the last 12 months

$1.5M
Placement
At 4.4c, 22.2% above the last close
20 Oct 2026 COMPLETE
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1 raise 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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1 dated event 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 3% of the 15% placement capacity left — about 97% used by Appendix 3B filings in the last 12 months (estimate, as at 2026-10-28). 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

1.1%
Options & rights overhang · of current shares
0.0%
In-the-money supply · at current price
3.0M
Potential new shares
Nov 2029
Nearest expiry
What a price move would switch on
1.5M3.0M$0.043 now0.25× today ($0.011) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.021) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.032) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.043) — 0 of the priced supply in the money, 0.0% of shares on issue1.25× today ($0.054) — 0 of the priced supply in the money, 0.0% of shares on issue1.5× today ($0.065) — 0 of the priced supply in the money, 0.0% of shares on issue2× today ($0.086) — 0 of the priced supply in the money, 0.0% of shares on issue3× today ($0.129) — 0 of the priced supply in the money, 0.0% of shares on issue5× today ($0.215) — 3.0M of the priced supply in the money, 1.1% of shares on issue10× today ($0.430) — 3.0M of the priced supply in the money, 1.1% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.043 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 3.0M (1.1% 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.
CodeSecurityTypeExercise priceExpiryOn issueSource
AEIAAOptionsPrice-triggered$0.2027 Nov 20293.0MFiling

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

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.
  • AEIAECondition-triggered50k securities → 012 Nov 2025 Appendix 2A
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1 option line 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
17 Dec 2025Maurie StangOther—1.0M—$24k3Y notice
17 Dec 2025Steven KritzlerOther—1.0M—$24k3Y notice
23 June 2025Maurie StangBuy on-market8.2M———3Y notice
23 June 2025Steven KritzlerBuy on-market8.2M——$302k3Y notice
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6 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.