Companies / AJX

ALEXIUM INTERNATIONAL GROUP LIMITED

ASX:AJXMaterials
3.13B shares on issueASX (delayed) · snapshot 11 Sept 20263.34B fully diluted+6.8% if every option and right converts$0.007price · delayed$21.9Mmarket cap · indicative

Today’s holders own 93.6% of what they think they own, once every option and right converts.

High
Dilution risk

Runway under 2 quarters; share count grew 100% in 24 months; 1 cash raise in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway-0.5 quarters of funding
Share-count growth (24m)100.2%
Raise cadence (24m)1 cash raise
Options & rights overhang6.8% of shares
In-the-money supplyno data — no exercise price on record
Pending proposed issuesnone

ALEXIUM INTERNATIONAL GROUP LIMITED's ordinary share count grew 100.2% between May 2024 and January 2026, reaching 3.13 billion shares. The company undertook one capital raise in the past 24 months, a non-renounceable entitlement offer in December 2025 that raised A$6.8M. Options and rights on issue could convert into 213M new shares, representing 6.8% of the current share count, with none currently in the money; an expiry date for these securities is not stated on record. As of June 2026, the company reported negative A$567K in cash, which represents a deficit relative to its funding needs over approximately 0.5 of a quarter. No proposed securities issues are pending.

AI-generated summary of this page's cited filings · updated 11 Sept 2026
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6.8%
Options & rights overhang
In-the-money supply · no stated strikes
1
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 3.13B per ASX (delayed) (snapshot 11 Sept 2026).
1.5B2.0B2.5B3.0BDec 24Oct 25Sept 26Cash raise · 12 Dec 20253.13B

Cash runway

-0.5 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
$-579k 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: $316k cash at quarter end (item 4.6), 0.1 qtrs of funding on the company’s own estimate. 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
12 June 20263H · cancellationAJX : ORDINARY FULLY PAID3.13BAppendix 3H
14 Apr 20263H · cancellationAJX : ORDINARY FULLY PAID3.13BAppendix 3H
27 Jan 20262A · quoted issueAJX : ORDINARY FULLY PAID3.13BAppendix 2A
22 Jan 20262A · quoted issueAJX : ORDINARY FULLY PAID2.77BAppendix 2A
9 Jan 20263H · cancellationAJX : ORDINARY FULLY PAID1.64BAppendix 3H
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30 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

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

$6.8M
Non-Renounceable Entitlement Offer
12 Dec 2025
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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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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.

No Appendix 3B in the last 12 months reports an issue under the 15% placement capacity (as at 2026-09-12).
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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

6.8%
Options & rights overhang · of current shares
In-the-money supply · no stated strikes
213.5M
Potential new shares
Nearest expiry
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 213.5M of it converts on something else — a hurdle that may never be met, or terms the filing does not price.

CodeSecurityTypeExercise priceExpiryOn issueSource
AJXAFRightsCondition-triggered213.5MFiling 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.

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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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
28 Jan 2026Martyn StricklandOther entitlement/SPP809.0M$03Y notice
23 Jan 2026James WilliamsonOther entitlement/SPP138.0M3Y notice
23 Jan 2026Paul StensonOther entitlement/SPP6.2M3Y notice
23 Jan 2026T. Randall LaneOther entitlement/SPP10.1M3Y notice
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23 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 12 Sept 2026.