BRAINCHIP HOLDINGS LTD

ASX:BRNSoftware & Services

2.28B shares on issueASX (delayed) · snapshot 11 Sept 20262.47B fully diluted+8.5% if every option and right converts$0.14price · delayed$318.6Mmarket cap · indicative

Today’s holders own 92.2% of what they think they own, once every option and right converts.

Moderate

Dilution risk

Runway 2–4 quarters; share count grew 16% in 24 months; 1 cash raise in 24 months

Absolute levels — not a ranking against other companies.

Cash runway3.3 quarters of funding

Share-count growth (24m)16.0%

Raise cadence (24m)1 cash raise

Options & rights overhang8.5% of shares

In-the-money supplyno data — no exercise price on record

Pending proposed issuesnone

BRAINCHIP HOLDINGS LTD's ordinary share count increased by 16.0% between August 2024 and September 2026, reaching 2.28B shares. In the past 24 months, the company has raised capital once, receiving A$38.0M from a November 2025 placement and share purchase plan. Options and rights on issue could convert into 194M new shares, representing 8.5% of the current share count. No filing on record states an expiry date for these securities, and 0% are currently in the money. As of June 2026, the company reported A$23.8M in available cash, providing cover for approximately 3.3 quarters. No proposed securities issues are pending.

AI-generated summary of this page's cited filings · updated 10 Sept 2026

Get told when this changes

Set up alerts

Daily email alerts cover risk-level moves, new raises, pending proposed issues and option expiries for the companies you follow.

8.5%

Options & rights overhang

—

In-the-money supply · no stated strikes

Raises · last 12 months

3.3 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 2.28B per ASX (delayed) (snapshot 11 Sept 2026).

Cash runway

3.3 qtrs

Two to four quarters of funding at the recent spend rate.

Funds operations to about Apr 2027 at the reported spend rate.

$23.7M 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: $29.6M cash at quarter end (item 4.6), 4.4 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.

Free account

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.

Free account: 2 full company unlocks every month, no card.

Create free account See plans

Issuance timeline

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

Date	Form	Security	On issue, per this filing	Source
4 Sept 2026	3G · unquoted	BRN : ORDINARY FULLY PAID	2.28B	Appendix 3G
2 Sept 2026	2A · quoted issue	BRN : ORDINARY FULLY PAID	2.28B	Appendix 2A
6 July 2026	3G · unquoted	ORDINARY FULLY PAID	2.28B	Appendix 3G
6 July 2026	3H · cancellation	BRN : ORDINARY FULLY PAID	2.28B	Appendix 3H
3 June 2026	3G · unquoted	BRN : ORDINARY FULLY PAID	2.28B	Appendix 3G

Free account

85 filings on record — Full issuance history

Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).

Free account: 2 full company unlocks every month, no card.

Create free account See plans

Capital raises

1 cash raise in the last 24 months · 1 in the last 12 months

$38.0M

Placement and Share Purchase Plan

5 Nov 2025 COMPLETE

Free account

2 raises on record — Full raise history

Issue price, shares issued, brokers and stated purpose for every raise on record.

Free account: 2 full company unlocks every month, no card.

Create free account See plans

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.

Free account

Forward supply calendar

Option expiries and proposed issues on one forward timeline, with the securities each could add.

Free account: 2 full company unlocks every month, no card.

Create free account See plans

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 35% of the 15% placement capacity left — about 65% used by Appendix 3B filings in the last 12 months (estimate, as at 2026-09-12). Holder-approved issues and any later ratification are not deducted, so the true headroom can be higher.

Free account

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.

Free account: 2 full company unlocks every month, no card.

Create free account See plans

Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

8.5%

Options & rights overhang · of current shares

—

In-the-money supply · no stated strikes

193.6M

Potential new shares

—

Nearest expiry

What this supply is, and what converts it

Price-triggered48.2M · 2.1% of shares
Options and warrants — they convert when the share price clears their exercise price.
No exercise price is on record for any of it, so none of it can be called in or out of the money.
Condition-triggered145.4M · 6.4% 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: 0 priced, 193.6M 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

No option supply on record carries an exercise price to pay, so no share price switches any of it on. All 193.6M of it converts on something else — a hurdle that may never be met, or terms the filing does not price.

Code	Security	Type	Exercise price	Expiry	On issue	Source
BRNAN	Rights	Condition-triggered	—	—	2.1M	Filing Meeting
BRNAJ	Performance rights	Condition-triggered	—	—	3.5M	Filing Meeting
BRNAD	Options	Price-triggered	—	—	48.2M	Filing
BRNAM	—	Condition-triggered	—	—	139.8M	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.

Free account

4 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.

Free account: 2 full company unlocks every month, no card.

Create free account See plans

Director dealings

Date	Director	Type	Shares	Options	Other	Value	Source
1 June 2026	Peter Van Der Made	Sell	—	—	—	$29k	3Y notice
8 May 2026	Sean Hehir	Other	—	5.7M	—	—	3Y notice
2 Mar 2026	Peter Van Der Made	Other incentive	172k	—	—	—	3Y notice