Companies / AR9

ARCHTIS LIMITED

ASX:AR9Software & Services
483.8M shares on issueASX (delayed) · snapshot 28 Oct 2026520.0M fully diluted+7.5% if every option and right converts$0.081price · delayed$32.9MMarket capAt the previous close. On a day the price moves, shares × today’s price will differ. Prices delayed.

Today’s holders own 93.0% of what they think they own, once every option and right converts.

High
Dilution risk

Share count grew 69% in 24 months; runway 2–4 quarters; 3 cash raises in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway3.6 quarters of funding
Share-count growth (24m)68.8%
Raise cadence (24m)3 cash raises
Options & rights overhang7.5% of shares
In-the-money supply0.8% of shares
Pending proposed issuesopen proposed issue (Appendix 3B)

ARCHTIS LIMITED's ordinary share count grew 68.8% between June 2024 and July 2026, its latest share-count filing, to 484M shares. The company raised capital three times in the past 24 months for total disclosed proceeds of A$48.4M, most recently a Placement and Accelerated Non-Renounceable Entitlement Offer in August 2025 raising A$20.5M. Options and rights on issue could convert into 36M new shares, equal to 7.5% of the current share count, of which 1% are in the money; the nearest expiry falls in December 2026. The company has 2 to 4 quarters of funding at the recent spend rate. One proposed securities issue (Appendix 3B) is pending, with an expected issue date in November 2026.

AI-generated summary of this page's cited filings · updated 28 Oct 2026
Quick answers · 5

Is AR9 raising capital?

Archtis has 1 proposed issue of securities pending under Appendix 3B as at 28 Oct 2026; the most recent raise announced is Placement and Accelerated Non-Renounceable Entitlement Offer of $20.5M on 27 Aug 2025.

How much placement capacity does AR9 have left?

About 93% of the 15% placement capacity left, about 7% 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 AR9 have?

In its quarterly cash report for the quarter ended 30 Sept 2026, Archtis reported $2.2M of cash and estimated 101.9 quarters of funding available at its current rate of spending. That is the company's own estimate.

When do AR9's options expire?

Unexercised options and rights equal 7.5% of Archtis's shares on issue; the nearest expiry is Dec 2026.

How much has AR9's share count grown?

Archtis has 483.8M shares on issue as at 28 Oct 2026, up 68.8% over 24 months according to its Appendix 2A filings.

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7.5%
Options & rights overhang
0.8%
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 · most strikes not on record
0
Raises · last 12 months
3.6 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 483.8M per ASX (delayed) (snapshot 28 Oct 2026).
300M350M400M450MDec 24Nov 25Oct 26Cash raise · 27 Aug 2025Cash raise · 27 Aug 2025Cash raise · 1 July 2025483.8M

Cash runway

3.6 qtrs OURS
Two to four quarters of funding at the recent spend rate.
Funds operations to about Sept 2027 at the reported spend rate.
$2.3M cash after burn.
FILED 101.9 qtrs · $2.2M cash · quarter ended 30 Sept 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 Sept 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
21 Aug 20263H · cancellationAR9 : ORDINARY FULLY PAID483.8MAppendix 3H
10 July 20262A · quoted issueAR9 : ORDINARY FULLY PAID483.8MAppendix 2A
10 July 20263H · cancellationAR9 : ORDINARY FULLY PAID482.9MAppendix 3H
5 June 20263H · cancellationAR9 : ORDINARY FULLY PAID482.9MAppendix 3H
7 Apr 20263H · cancellationAR9 : ORDINARY FULLY PAID482.9MAppendix 3H
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41 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

3 cash raises in the last 24 months · 0 in the last 12 months

every 1.9 monthsaverage gap between raises
14 monthssince the most recent
1 July 2025 – 27 Aug 2025first to most recent in this window
$20.5M
Placement and Accelerated Non-Renounceable Entitlement Offer
27 Aug 2025
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6 issues (incl. 1 exercise or conversion) 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.

1.6M of option supply could convert within 12 months — 0.3% of shares on issue
1.6M in the money, expiring in the window
1 proposed issue (Appendix 3B) also pending — not counted above; the securities each would add are in the calendar below.
Out-of-the-money options are excluded — at today’s price they expire rather than convert. So is condition-triggered supply, which has no expiry and no price, and convertibles that convert on their own terms rather than on a date.
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5 dated events 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 93% of the 15% placement capacity left — about 7% used by Appendix 3B filings in the last 12 months (estimate, as at 2026-10-28). Holders passed a ratification we could not match to exactly one filing, or whose number of shares the result does not state, and shares issued with holder approval are not added to the base, so the true headroom may 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

1 proposed issue pending — Appendix 3B lodged, securities not yet issued. New shares from these issues are not in the counts above until quoted.
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1 pending issue on record — Pending issue detail
Size, price, fees, broker and placement-capacity usage for each pending issue.
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Options & convertible securities

7.5%
Options & rights overhang · of current shares
0.8%
In-the-money supply · most strikes not on record
36.3M
Potential new shares
Dec 2026
Nearest expiry
What this supply is, and what converts it
  • Price-triggered16.3M · 3.4% of shares
    Options and warrants — they convert when the share price clears their exercise price.
    At least 5.5M of it states no exercise price — that much cannot be called in or out of the money.
  • Condition-triggered19.9M · 4.1% 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: 10.8M priced (of which 3.8M in the money), 25.4M 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
18.1M36.3M$0.081 now0.25× today ($0.020) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.041) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.061) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.081) — 3.8M of the priced supply in the money, 0.8% of shares on issue1.25× today ($0.101) — 10.7M of the priced supply in the money, 2.2% of shares on issue1.5× today ($0.121) — 10.7M of the priced supply in the money, 2.2% of shares on issue2× today ($0.162) — 10.7M of the priced supply in the money, 2.2% of shares on issue3× today ($0.243) — 10.8M of the priced supply in the money, 2.2% of shares on issue5× today ($0.405) — 10.8M of the priced supply in the money, 2.2% of shares on issue10× today ($0.810) — 10.8M of the priced supply in the money, 2.2% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.081 today, 3.8M securities are in the money (0.8% of shares on issue) — a floor, because an exercise price is on record for only 29.9% of this supply. No more priced supply until 1.25× today’s price, which takes it to 10.7M (2.2% 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.
  • 25.4M (70.1% 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.
CodeSecurityTypeExercise priceExpiryOn issueSource
AR9AWOptionsPrice-triggered$0.07921 Dec 20261.6MFiling
AR9AXOptionsPrice-triggered$0.09722 Nov 20276.8MFiling
AR9AYOptionsPrice-triggered$0.07720 Dec 20282.2MFiling
AR9AJOptionsPrice-triggered$0.2011 Dec 2029169kFiling
AR9APPerformance rightsCondition-triggered——4.7MFiling Meeting
AR9AAWarrantsPrice-triggered, no exercise price stated——5.5MFiling
AR9AZPerformance rightsCondition-triggered——6.6MFiling Meeting
AR9AV—Condition-triggered——8.7MFiling 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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8 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
6 July 2026Mr Daniel LaiOther incentive208k———3Y notice
6 Mar 2026Mr Daniel LaiSell—210k——3Y notice
22 Dec 2025Mr Daniel LaiOther incentive208k———3Y notice
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9 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.