Companies / BB1

BLINKLAB LIMITED

ASX:BB1Health Care Equipment & Services
176.3M shares on issueAppendix 2A · as of 10 Sept 2026199.4M fully diluted+13.1% if every option and right converts$0.73price · delayed$111.9Mmarket cap · indicative

Today’s holders own 88.4% of what they think they own, once every option and right converts.

High
Dilution risk

Share count grew 78% in 24 months; 3 cash raises in 24 months; runway 4–8 quarters

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway6.0 quarters of funding
Share-count growth (24m)77.8%
Raise cadence (24m)3 cash raises
Options & rights overhang13.1% of shares
In-the-money supply6.1% of shares
Pending proposed issuesnone

BLINKLAB LIMITED's ordinary share count grew 187.9% between December 2024 and September 2026, reaching 176M shares. The company completed three capital raises totalling A$25.4M in the past 24 months, with the latest being a A$17.7M placement in April 2026. Options and rights on issue could convert to 23M new shares, representing 13.1% of the current share count, with 6% in the money and the nearest expiry in June 2028. As of the June 2026 quarter, the company had A$15.8M in available cash, covering approximately 6 quarters of operations. No proposed securities issues are currently pending.

AI-generated summary of this page's cited filings · updated 11 Sept 2026
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13.1%
Options & rights overhang
6.1%
In-the-money supply
1
Raises · last 12 months
6.0 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 176.3M per Appendix 2A (filed 10 Sept 2026).
100M125M150MDec 24Oct 25Sept 26Cash raise · 13 Apr 2026Cash raise · 28 Apr 2025Cash raise · 27 Feb 2025

Cash runway

6.0 qtrs
More than four quarters of funding at the recent spend rate.
Funds operations to about Dec 2027 at the reported spend rate.
$15.8M 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: $18.0M cash at quarter end (item 4.6), 6.9 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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9 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
10 Sept 20262A · quoted issueBB1 : ORDINARY FULLY PAID176.3MAppendix 2A
9 Sept 20263G · unquotedBB1 : ORDINARY FULLY PAID153.3MAppendix 3G
13 July 20262A · quoted issueBB1 : ORDINARY FULLY PAID153.1MAppendix 2A
13 July 20262A · quoted issueBB1 : ORDINARY FULLY PAID153.0MAppendix 2A
13 July 20263G · unquotedBB1 : ORDINARY FULLY PAID152.9MAppendix 3G
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25 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

3 cash raises in the last 24 months · 1 in the last 12 months

every 6.7 monthsaverage gap between raises
5 monthssince the most recent
27 Feb 202513 Apr 2026first to most recent in this window
$17.7M
Placement
13 Apr 2026 COMPLETE
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7 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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6 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 allows 15% of ordinary securities in any 12 months, and every Appendix 3B states how much of it an issue uses.

About 21% of the 15% placement capacity left — about 79% used by Appendix 3B filings in the last 12 months (estimate, as at 2026-09-12). The company has also placed under the additional 10% (Listing Rule 7.1A), which is not counted in this figure. 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

13.1%
Options & rights overhang · of current shares
6.1%
In-the-money supply · at current price
23.1M
Potential new shares
June 2028
Nearest expiry
What this supply is, and what converts it
  • Price-triggered18.7M · 10.6% of shares
    Options and warrants — they convert when the share price clears their exercise price.
  • Condition-triggered4.4M · 2.5% 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: 18.7M priced (of which 10.8M in the money), 4.4M 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
11.6M23.1M$0.73 now0.25× today ($0.18) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.36) — 4.8M of the priced supply in the money, 2.7% of shares on issue0.75× today ($0.55) — 10.8M of the priced supply in the money, 6.1% of shares on issue1× today ($0.73) — 10.8M of the priced supply in the money, 6.1% of shares on issue1.25× today ($0.91) — 10.8M of the priced supply in the money, 6.1% of shares on issue1.5× today ($1.09) — 18.7M of the priced supply in the money, 10.6% of shares on issue2× today ($1.46) — 18.7M of the priced supply in the money, 10.6% of shares on issue3× today ($2.19) — 18.7M of the priced supply in the money, 10.6% of shares on issue5× today ($3.65) — 18.7M of the priced supply in the money, 10.6% of shares on issue10× today ($7.30) — 18.7M of the priced supply in the money, 10.6% of shares on issue0.25×0.5×0.75×now1.25×1.5×10×

At $0.73 today, 10.8M securities are in the money (6.1% of shares on issue). No more priced supply until 1.5× today’s price, which takes it to 18.7M (10.6% 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.
  • 4.4M (19.0% 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
BB1AMOptionsPrice-triggered$0.9730 June 20285.4MFiling
BB1AKOptionsPrice-triggered$0.459 July 20286.0MFiling
BB1AEOptionsPrice-triggered$0.252 Apr 20292.0MFiling
BB1ANOptionsPrice-triggered$0.9713 July 20292.5MFiling
BB1AJOptionsPrice-triggered$0.3527 Sept 20291.0MFiling
BB1AHOptionsPrice-triggered$0.3527 Sept 20291.8MFiling
BB1ALPerformance rightsCondition-triggered4.4MFiling 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.

2 classes ceased in the last 12 months and are not counted above
The company’s own Appendix 2A restates each of these at zero. They are excluded from the overhang, the in-the-money supply and every figure on this page. Each count is the filing’s own count of securities in the class, not a share count — a 2A never states what one security converts into.
  • BB1AGPrice-triggered33.5M securities → 010 Sept 2026 Appendix 2A
  • BB1AIPrice-triggered166k securities → 04 Dec 2025 Appendix 2A
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7 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
13 July 2026Dr Anton UvarovBuy placement83k500k$54k3Y notice
13 July 2026Dr Hendrikus Johannes BoeleBuy placement47k500k$31k3Y notice
13 July 2026Dr Richard HopkinsBuy placement52k500k$34k3Y notice
13 July 2026Mr Brian LeedmanBuy placement83k500k750k$54k3Y notice
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15 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.