Companies / AEM

ADVANCED ENGINEERED MATERIALS LTD

ASX:AEMMaterials
589.5M shares on issueASX (delayed) · snapshot 28 Oct 2026614.1M fully diluted+4.2% if every option and right converts$0.27price · delayed$150.3MMarket capAt the previous close. On a day the price moves, shares × today’s price will differ. Prices delayed.

Today’s holders own 96.0% of what they think they own, once every option and right converts.

Not rated
Dilution riskprovisional — limited history

Not rated — listed too recently to rate

Listed too recently — there is not enough filing history to score yet. Not rated means no assessment — not low risk.

MinimalVery high
Not placed on this scale.
Cash runway2.2 quarters of funding
Share-count growth (24m)no data — listed too recently to rate
Raise cadence (24m)0 cash raisesexcludes announced events with no matching share-issuance (Appendix 2A) filing
Options & rights overhang4.2% of shares
In-the-money supplyno data — no exercise price on record
Pending proposed issuesnone

ADVANCED ENGINEERED MATERIALS LTD has no share-issuance filings on record, so no share-count history is available. The company has not conducted any capital raisings in the 24-month window. Options and rights on issue could convert into 25M new shares, equal to a 4.2% overhang, with none in the money at the current share price and the nearest expiry in December 2028. Its half-year or annual report for the period ended June 2026 estimated 2 to 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 · 1

When do AEM's options expire?

Unexercised options and rights equal 4.2% of Advanced Engineered Materials's shares on issue; the nearest expiry is Dec 2028.

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4.2%
Options & rights overhang
—
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 · no stated strikes
0
Raises · last 12 months
2.2 qtrs
Cash cover · 2–4 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 589.5M per ASX (delayed) (snapshot 28 Oct 2026).
400M500M600MDec 25May 26Oct 26589.5M

Cash runway

2.2 qtrs OURS
Two to four quarters of funding at the recent spend rate.
Funds operations to about May 2027 at the reported spend rate.
$14.8M cash after burn · operating cash flow only.
FILED $23.7M cash · half-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.$23.7M cash at 30 Jun 2026 − $8.9M spent ($6.6M a quarter × 120 days) = $14.8M left → 2.2 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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1 cash report 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 2 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 Sept 20263G · unquotedAEM : ORDINARY FULLY PAID365.9MAppendix 3G
22 July 20263G · unquotedAEM : ORDINARY FULLY PAID365.9MAppendix 3G

Each filing states the count for the security it names, as at its own reference date and in the units of that filing — so the newest row (365.9M) need not equal the current count above (589.5M).

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2 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

No equity raises in the last 24 months.
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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.

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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

4.2%
Options & rights overhang · of current shares
—
In-the-money supply · no stated strikes
24.6M
Potential new shares
Dec 2028
Nearest expiry
What this supply is, and what converts it
  • Price-triggered4.2M · 0.7% of shares
    Options and warrants — they convert when the share price clears their exercise price.
    No exercise price is on record for any of it, so none of it can be called in or out of the money.
  • Condition-triggered20.3M · 3.4% 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: 0 priced, 24.6M 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

No option supply on record carries an exercise price to pay, so no share price switches any of it on. All 24.6M of it converts on something else — a hurdle that may never be met, or terms the filing does not price.

CodeSecurityTypeExercise priceExpiryOn issueSource
AEMABOptionsPrice-triggered, no exercise price stated—18 Dec 20284.2MFiling
AEMAD—Condition-triggered——2.7MFiling Meeting
AEMACPerformance rightsCondition-triggered——6.5MFiling Meeting
AEMAEPerformance rightsCondition-triggered——11.2MFiling Meeting

“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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4 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 Oct 2026Steven PetersohnBuy on-market198k——$52k3Y notice
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1 notice 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.