Companies / BBT

BETR ENTERTAINMENT LIMITED

ASX:BBTConsumer Services
1.05B shares on issueAppendix 2A · as of 19 June 2026$0.17price · delayed$172.6Mmarket cap · indicative
C
Dilution grade

Share count grew 86% in 24 months; 2 cash raises in 24 months; proposed issue pending

Cash runway28.6 quarters of funding
Share-count growth (24m)86.4%
Raise cadence (24m)2 cash raises
Options & rights overhang3.5% of shares
In-the-money supply0.0% of shares
Pending proposed issuesopen proposed issue (Appendix 3B)

BETR ENTERTAINMENT LIMITED's ordinary share count grew 86.4% between July 2024 and June 2026 to 1.05B shares. The company raised capital twice in that 24-month window for total disclosed proceeds of A$145.0M, most recently raising A$130.0M in April 2025. Options and rights on issue could convert into 37M new shares, equal to 3.5% of the current share count, with 0% in the money and the nearest expiry in June 2028. At the March 2026 quarter the company reported A$145.6M in available cash, representing 28.6 quarters of cover. One proposed securities issue (Appendix 3B) is pending with an expected issue date in April 2027.

AI-generated summary of this page's cited filings · updated 28 July 2026
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3.5%
Max option dilution
0.0%
ITM option dilution
0
Raises · last 12 months
28.6 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 1.05B per Appendix 2A (19 June 2026).
0.69B0.87B1.04BDec 24Sept 25July 26Cash raise · 24 Apr 2025Cash raise · 3 Feb 2025

Cash runway

—
Cover not computed for the latest quarter.
$145.6M available cash at quarter ended 31 Mar 2026 · Runway is computed from Appendix 4C/5B filings and announced raise proceeds.
Paid plan
Cash runway history
Quarterly cash, net spend and cover trend from every Appendix 4C/5B on record up to 31 Mar 2026.
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Issuance timeline

Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityTotal on issue afterSource
22 July 20263H · cancellationBBT : ORDINARY FULLY PAID1.05BAppendix 3H
26 June 20263H · cancellationBBT : ORDINARY FULLY PAID1.05BAppendix 3H
19 June 20263G · unquotedORDINARY FULLY PAID1.04BAppendix 3G
19 June 20262A · quoted issueBBT : ORDINARY FULLY PAID1.05BAppendix 2A
29 May 20263H · cancellationBBT : ORDINARY FULLY PAID1.04BAppendix 3H
Paid plan
Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
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Capital raises

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

$130.0M
Capital raise
24 Apr 2025
Paid plan
Full raise history
Issue price, discount, brokers, purpose and tranche detail for every raise on record.
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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.
Paid plan
Pending issue detail
Size, price, fees, broker and placement-capacity usage for each pending issue.
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Options & convertible securities

3.5%
Total overhang · of current shares
0.0%
In the money · at current price
37.0M
Potential new shares
June 2028
Nearest expiry
Paid plan
Per-line options & expiry cliffs
Each option line — code, strike, expiry, quantity and ITM value — plus the expiry-cliff chart.
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Director dealings

DateDirectorTypeSharesOptionsValueSource
1 Dec 2025Andrew MenzOther713k——3Y notice
14 Nov 2025Matthew TrippBuy489k——3Y notice
7 Nov 2025Matthew TrippBuy109.8M——3Y notice
Paid plan
Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
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Ownership

Free account
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

24 July 2026Q4 FY2026 Quarterly Investor Presentation Conference Call
22 July 2026Notification of cessation of securities - BBT
6 July 2026Transition to Tasmanian Gaming Licence
28 June 2026Update - Notification of buy-back - BBT
26 June 2026Notification of cessation of securities - BBT
25 June 2026Update - Notification of buy-back - BBT
24 June 2026Update - Notification of buy-back - BBT
23 June 2026Update - Notification of buy-back - BBT
22 June 2026Update - Notification of buy-back - BBT
21 June 2026Update - Notification of buy-back - BBT
19 June 2026Cleansing Notice
19 June 2026Application for quotation of securities - BBT
19 June 2026Notification regarding unquoted securities - BBT
18 June 2026Update - Notification of buy-back - BBT
17 June 2026Update - Notification of buy-back - BBT
16 June 2026Update - Notification of buy-back - BBT
15 June 2026Update - Notification of buy-back - BBT
14 June 2026Update - Notification of buy-back - BBT
11 June 2026Update - Notification of buy-back - BBT
10 June 2026Update - Notification of buy-back - BBT

Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 July 2026.