Companies / BGT

BIO-GENE TECHNOLOGY LTD

ASX:BGTMaterials
438.1M shares on issueASX (delayed) · snapshot 11 Sept 2026617.4M fully diluted+40.9% if every option and right converts$0.018price · delayed$7.9Mmarket cap · indicative

Today’s holders own 71.0% of what they think they own, once every option and right converts.

High
Dilution risk

Share count grew 67% in 24 months; runway 2–4 quarters; 5 cash raises in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway2.8 quarters of funding
Share-count growth (24m)67.2%measured to the latest Appendix 2A, not to the share count above
Raise cadence (24m)5 cash raises
Options & rights overhang40.9% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

BIO-GENE TECHNOLOGY LTD's ordinary share count grew 67.2% between May 2025 and August 2026, reaching 438M shares. In the past 24 months, the company raised capital five times, for total disclosed proceeds of A$9.5M. The most recent raise was a A$3.3M Placement (with SPP) in May 2026. Options and rights on issue could convert into 179M new shares, representing 40.9% of the current share count, with the nearest expiry in October 2027. None of these options are currently in the money. At the June 2026 quarter, BIO-GENE TECHNOLOGY LTD reported A$2.2M in available cash, sufficient to cover approximately 2.8 quarters of operations based on its recent spending. There are no pending proposed securities issues.

AI-generated summary of this page's cited filings · updated 4 Sept 2026
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40.9%
Options & rights overhang
0.0%
In-the-money supply
1
Raises · last 12 months
2.8 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 438.1M per ASX (delayed) (snapshot 11 Sept 2026).
200M300M400MDec 24Oct 25Sept 26Cash raise · 21 May 2026Cash raise · 18 July 2025Cash raise · 5 May 2025Cash raise · 5 May 2025Cash raise · 30 Apr 2025438.1M

Cash runway

2.8 qtrs
Two to four quarters of funding at the recent spend rate.
Funds operations to about Feb 2027 at the reported spend rate.
$2.2M 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: $1.9M cash at quarter end (item 4.6), 3.1 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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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
10 Aug 20262A · quoted issueBGT : ORDINARY FULLY PAID388.1MAppendix 2A
10 Aug 20262A · quoted issueBGT : ORDINARY FULLY PAID420.8MAppendix 2A
10 Aug 20262A · quoted issueBGT : ORDINARY FULLY PAID401.3MAppendix 2A
10 Aug 20263G · unquotedBGT : ORDINARY FULLY PAID386.1MAppendix 3G
23 June 20262A · quoted issueBGT : ORDINARY FULLY PAID386.1MAppendix 2A

Each filing states the count for the security it names, as at its own reference date and in the units of that filing — so the newest row (388.1M) need not equal the current count above (438.1M).

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14 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

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

every 4.2 monthsaverage gap between raises
3.7 monthssince the most recent
30 Apr 202521 May 2026first to most recent in this window
$3.3M
Placement (with SPP)
21 May 2026 COMPLETE
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6 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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3 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.

No estimatethe filings already exceed 15% of the share count we can measure, which means securities were added to the base during the year that we cannot see. The company has also placed under the additional 10% (Listing Rule 7.1A), which is not counted in this figure.
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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

40.9%
Options & rights overhang · of current shares
0.0%
In-the-money supply · at current price
179.3M
Potential new shares
Oct 2027
Nearest expiry
What a price move would switch on
89.6M179.3M$0.018 now0.25× today ($0.004) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.009) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.013) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.018) — 0 of the priced supply in the money, 0.0% of shares on issue1.25× today ($0.022) — 0 of the priced supply in the money, 0.0% of shares on issue1.5× today ($0.027) — 0 of the priced supply in the money, 0.0% of shares on issue2× today ($0.036) — 124.3M of the priced supply in the money, 28.4% of shares on issue3× today ($0.054) — 179.3M of the priced supply in the money, 40.9% of shares on issue5× today ($0.090) — 179.3M of the priced supply in the money, 40.9% of shares on issue10× today ($0.180) — 179.3M of the priced supply in the money, 40.9% of shares on issue0.25×0.5×0.75×now1.25×1.5×10×

At $0.018 today, 0 securities are in the money (0.0% of shares on issue). At double today’s price it is 124.3M (28.4% 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.
CodeSecurityTypeExercise priceExpiryOn issueSource
OptionsPrice-triggered$0.03515 Oct 202769.2MFiling
BGTANOptionsPrice-triggered$0.03415 May 202855.0MFiling
BGTAMOptionsPrice-triggered$0.04615 May 203055.0MFiling

“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.

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3 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
10 Aug 2026Andrew GuthrieBuy placement200k100k$5k3Y notice
10 Aug 2026Christopher RamseyBuy placement200k100k$5k3Y notice
10 Aug 2026Peter MayBuy placement200k100k$5k3Y notice
10 Aug 2026Timothy GroganBuy placement200k100k$5k3Y notice
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8 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.