Companies / AN1

ANAGENICS LIMITED

ASX:AN1Pharmaceuticals, Biotechnology & Life Sciences
985.5M shares on issueASX (delayed) · snapshot 11 Sept 20261.11B fully diluted+12.4% if every option and right converts$0.006price · delayed$5.9Mmarket cap · indicative

Today’s holders own 89.0% of what they think they own, once every option and right converts.

Low
Dilution risk

Share count grew 114% in 24 months; 1 cash raise in 24 months; options/rights overhang 12% of shares

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway9.5 quarters of funding
Share-count growth (24m)113.6%
Raise cadence (24m)1 cash raise
Options & rights overhang12.4% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

ANAGENICS LIMITED's ordinary share count grew 113.6% between April 2024 and February 2026, reaching 985M shares. In the past 24 months, the company completed one capital raise, a placement in December 2025 that brought in A$2.2M. Options and rights on issue could convert into 122M new shares, representing 12.4% of the current share count, with the nearest expiry in February 2029. No options are currently in the money. As of the June 2026 quarter, the company reported A$931K in available cash, sufficient for approximately 9.5 quarters based on its recent expenditure rate. No proposed securities issues are pending.

AI-generated summary of this page's cited filings · updated 11 Sept 2026
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12.4%
Options & rights overhang
0.0%
In-the-money supply
1
Raises · last 12 months
9.5 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 985.5M per ASX (delayed) (snapshot 11 Sept 2026).
0.50B0.75B1.00BDec 24Oct 25Sept 26Cash raise · 5 Dec 2025985.5M

Cash runway

9.5 qtrs
More than four quarters of funding at the recent spend rate.
Funds operations to about Oct 2028 at the reported spend rate.
$929k 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: $564k cash at quarter end (item 4.6), 6.7 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
17 Apr 20263H · cancellationAN1 : ORDINARY FULLY PAID985.5MAppendix 3H
12 Feb 20263G · unquotedAN1 : ORDINARY FULLY PAID985.5MAppendix 3G
8 Feb 20262A · quoted issueAN1 : ORDINARY FULLY PAID985.5MAppendix 2A
29 Jan 20263H · cancellationAN1 : ORDINARY FULLY PAID570.8MAppendix 3H
29 Jan 20263H · cancellationAN1 : ORDINARY FULLY PAID570.8MAppendix 3H
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16 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

$2.3M
Placement
5 Dec 2025
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3 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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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 allows 15% of ordinary securities in any 12 months, and every Appendix 3B states how much of it an issue uses.

No 15% placement capacity left — all of it 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

12.4%
Options & rights overhang · of current shares
0.0%
In-the-money supply · at current price
122.3M
Potential new shares
Feb 2029
Nearest expiry
What a price move would switch on
61.1M122.3M$0.006 now0.25× today ($0.002) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.003) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.005) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.006) — 0 of the priced supply in the money, 0.0% of shares on issue1.25× today ($0.007) — 0 of the priced supply in the money, 0.0% of shares on issue1.5× today ($0.009) — 122.3M of the priced supply in the money, 12.4% of shares on issue2× today ($0.012) — 122.3M of the priced supply in the money, 12.4% of shares on issue3× today ($0.018) — 122.3M of the priced supply in the money, 12.4% of shares on issue5× today ($0.030) — 122.3M of the priced supply in the money, 12.4% of shares on issue10× today ($0.060) — 122.3M of the priced supply in the money, 12.4% of shares on issue0.25×0.5×0.75×now1.25×1.5×10×

At $0.006 today, 0 securities are in the money (0.0% of shares on issue). No more priced supply until 1.5× today’s price, which takes it to 122.3M (12.4% 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
AN1ACOptionsPrice-triggered$0.00812 Feb 2029122.3MFiling

“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.

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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
26 Feb 2026Alexander BeardBuy on-market2.9M$20k3Y notice
16 May 2025Alexander BeardBuy on-market56k3Y notice
14 May 2025Alexander BeardBuy on-market227k3Y notice
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5 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.