BLUGLASS LIMITED
ASX:BLGSemiconductors & Semiconductor EquipmentToday’s holders own 77.1% of what they think they own, once every option and right converts.
Share count grew 109% in 24 months; 6 cash raises in 24 months; runway 4–8 quarters
BLUGLASS LIMITED undertook an approximately 1-for-20 share consolidation in November 2025. Following this, the company's ordinary share count grew 108.8% between September 2024 and September 2026, reaching 192M shares. Over the past 24 months, BLUGLASS LIMITED raised capital six times, for a total of A$32.1M, with the most recent being a A$1.5M placement in June 2026. Options on issue could convert to 57M new shares, representing 29.7% of the current share count, with the nearest expiry in February 2027. As of June 2026, the company held A$23.8M in available cash, which covers approximately 5.2 quarters of operations. One proposed securities issue (Appendix 3B) is pending, with an expected issue date in November 2026.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 3 Sept 2026 | 2A · quoted issue | BLG : ORDINARY FULLY PAID | 191.8M | Appendix 2A |
| 10 July 2026 | 3H · cancellation | BLG : ORDINARY FULLY PAID | 190.0M | Appendix 3H |
| 16 June 2026 | 2A · quoted issue | BLG : ORDINARY FULLY PAID | 180.0M | Appendix 2A |
| 15 June 2026 | 2A · quoted issue | BLG : ORDINARY FULLY PAID | 190.0M | Appendix 2A |
| 15 June 2026 | 3G · unquoted | ORDINARY FULLY PAID | 180.0M | Appendix 3G |
Capital raises
6 cash raises in the last 24 months · 4 in the last 12 months
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.
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.
Pending proposed issues
Options & convertible securities
- Price-triggered55.0M · 28.7% of sharesOptions and warrants — they convert when the share price clears their exercise price.
- Condition-triggered2.0M · 1.0% of sharesPerformance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.
Exercise price on record: 55.0M priced, 2.0M 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.
At $0.26 today, 0 securities are in the money (0.0% of shares on issue). No more priced supply until 1.5× today’s price, which takes it to 55.0M (28.7% 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.
- 2.0M (3.5% 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.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| BLGAA | Options | Price-triggered | $1.20 | 28 Feb 2027 | 16k | Filing |
| BLGAR | Options | Price-triggered | $0.38 | 31 May 2028 | 55.0M | Filing |
| BLGAL | Performance rights | Condition-triggered | — | — | 2.0M | Filing 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.
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 15 June 2026 | Ata Gokyildirim | Other placement | 625k | 625k | — | — | 3Y notice |
| 15 June 2026 | Jim Haden | Other placement | 313k | 313k | 243k | — | 3Y notice |
| 15 June 2026 | Omer Granit | Other placement | 8.3M | 8.3M | — | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.