Companies / BET

BETMAKERS TECHNOLOGY GROUP LTD

ASX:BETConsumer Services
1.12B shares on issueASX (delayed) · snapshot 11 Sept 20261.20B fully diluted+7.6% if every option and right converts$0.20price · delayed$229.7Mmarket cap · indicative

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

Low
Dilution risk

Share count grew 16% in 24 months; 1 cash raise in 24 months; options/rights overhang 8% of shares

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runwaycash-generative (no net burn)
Share-count growth (24m)16.1%
Raise cadence (24m)1 cash raise
Options & rights overhang7.6% of shares
In-the-money supplyno data — no exercise price on record
Pending proposed issuesnone

BETMAKERS TECHNOLOGY GROUP LTD's ordinary share count grew 16.1% between May 2024 and December 2025, to 1.12B shares. In the past 24 months, the company completed one capital raise totaling A$13.7M, a placement and SPP in June 2025. There are 85M options and rights on issue, representing 7.6% of current shares, with none currently in the money; an expiry date for these securities is not on record. As of June 2026, the company held A$39.8M in available cash. No funding runway figure applies as the company reported non-negative net cash flow in the latest quarter. No proposed securities issues are pending.

AI-generated summary of this page's cited filings · updated 11 Sept 2026
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7.6%
Options & rights overhang
In-the-money supply · no stated strikes
0
Raises · last 12 months
No net burn
Cash cover · cash-generative

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 1.12B per ASX (delayed) (snapshot 11 Sept 2026).
1.00B1.05B1.10BDec 24Oct 25Sept 26Cash raise · 3 June 20251.12B

Cash runway

The latest quarterly report shows no net cash burn, so there is no cash-out date.
$39.8M 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: $37.9M cash at quarter end (item 4.6). Our figure above carries the filed quarter-end balance forward at the reported spend rate and adds announced raise proceeds.
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15 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
6 Aug 20263H · cancellationBET : ORDINARY FULLY PAID1.12BAppendix 3H
9 July 20263H · cancellationORDINARY FULLY PAID1.12BAppendix 3H
19 Dec 20252A · quoted issueBET : ORDINARY FULLY PAID1.12BAppendix 2A
28 Nov 20253G · unquotedORDINARY FULLY PAID1.12BAppendix 3G
28 Nov 20253G · unquotedORDINARY FULLY PAID1.12BAppendix 3G
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29 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 · 0 in the last 12 months

$13.7M
Placement and SPP
3 June 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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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 Appendix 3B in the last 12 months reports an issue under the 15% placement capacity (as at 2026-09-12).
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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

7.6%
Options & rights overhang · of current shares
In-the-money supply · no stated strikes
84.7M
Potential new shares
Nearest expiry
What a price move would switch on

No option supply on record carries an exercise price to pay, so no share price switches any of it on. All 84.7M of it converts on something else — a hurdle that may never be met, or terms the filing does not price.

CodeSecurityTypeExercise priceExpiryOn issueSource
BETAARightsCondition-triggered900kFiling Meeting
BETARPerformance rightsCondition-triggered83.8MFiling 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.

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2 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
17 Mar 2026Matthew DaveyBuy on-market750k$127k3Y notice
7 Jan 2026Matthew DaveySell216$403Y notice
24 Dec 2025Matthew DaveyBuy on-market260k3Y notice
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16 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.