ALICE QUEEN LIMITED
ASX:AQXMaterialsToday’s holders own 75.2% of what they think they own, once every option and right converts.
Share count grew 102% in 24 months; 4 cash raises in 24 months; options/rights overhang 33% of shares
ALICE QUEEN LIMITED's ordinary share count grew 102.3% between July 2024 and August 2026, reaching 2.32B shares. The company undertook four capital raises in the past 24 months, totalling A$5.8M in disclosed proceeds, with the latest being a A$3.6M rights issue in May 2026. Existing options and rights on issue represent a potential 766M new shares, or 33.0% of the current share count, with the nearest expiry in June 2028. At the June 2026 quarter, the company reported A$3.1M in available cash, sufficient for approximately 5.2 quarters. No proposed securities issues are currently pending.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 20 Aug 2026 | 2A · quoted issue | AQX : ORDINARY FULLY PAID | 2.32B | Appendix 2A |
| 26 June 2026 | 2A · quoted issue | AQX : ORDINARY FULLY PAID | 2.32B | Appendix 2A |
| 5 May 2026 | 3H · cancellation | AQX : ORDINARY FULLY PAID | 1.92B | Appendix 3H |
| 30 Mar 2026 | 3G · unquoted | AQX : ORDINARY FULLY PAID | 1.92B | Appendix 3G |
| 30 Mar 2026 | 3G · unquoted | AQX : ORDINARY FULLY PAID | 1.92B | Appendix 3G |
Capital raises
4 cash raises in the last 24 months · 3 in the last 12 months
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.
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.
Pending proposed issues
Options & convertible securities
An exercise price is on record for only 3.3% of this supply, so what is in the money today is not a measurement — the tile above reads “—” for that reason. Of the priced supply, 0 is in the money at $0.007 today. No more priced supply until 3× today’s price, which takes it to 15.0M (0.6% 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.
- 740.6M (96.7% 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.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| AQXO | Options | Price-triggered | — | 30 June 2028 | 740.6M | Filing |
| AQXAC | Options | Price-triggered | $0.015 | 30 Sept 2028 | 5.0M | Filing |
| AQXAD | Options | Price-triggered | $0.020 | 30 Sept 2029 | 10.0M | Filing |
| AQXAE | Options | Price-triggered | $0.025 | 30 Sept 2030 | 10.0M | Filing |
“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.
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 19 Aug 2026 | Jianying Wang | Sell | 1.18B | — | — | — | 3Y notice |
| 26 June 2026 | Jianying Wang | Buy entitlement/SPP | 348.3M | — | — | — | 3Y notice |
| 2 Apr 2026 | Andrew Buxton | Sell off-market | — | 16.0M | — | — | 3Y notice |
| 2 Apr 2026 | Jianying Wang | Other off-market | 835.2M | 16 | — | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.