Companies / BTN

BUTN LIMITED

ASX:BTNFinancial Services
381.7M shares on issueASX (delayed) · as of 28 July 2026$0.017price · delayed$6.5Mmarket cap · indicative
C
Dilution grade

Share count grew 37% in 24 months; 2 cash raises in 24 months; options/rights overhang 9% of shares

Cash runwayno data — no longer lodges quarterly cash reports (4C/5B)
Share-count growth (24m)36.6%
Raise cadence (24m)2 cash raises
Options & rights overhang8.8% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

BUTN LIMITED's ordinary share count grew 36.6% between May 2024 and July 2026, to 382M shares. The company raised capital twice in that 24-month window for total disclosed proceeds of A$10.0M, most recently via a placement in August 2025. Options and rights on issue could convert into 34M new shares, equal to 8.8% of the current share count, with the nearest expiry in August 2028 and 0% currently in the money. The company no longer lodges quarterly cash reports, so no quarterly cash balance or funding-runway figure applies. No proposed securities issues (Appendix 3B) are pending.

AI-generated summary of this page's cited filings · updated 28 July 2026
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8.8%
Max option dilution
0.0%
ITM option dilution
1
Raises · last 12 months
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Cash cover · stale filings

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 381.7M per ASX (delayed) (28 July 2026).
301.0M331.0M360.9MDec 24Sept 25July 26Cash raise · 1 Aug 2025Cash raise · 11 June 2025

Cash runway

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stale Last quarterly cash report is more than 12 months old (quarter ended 31 Mar 2025) — runway is not computed from stale filings.
$23.6M available cash reported at 31 Mar 2025.
Paid plan
Cash runway history
Quarterly cash, net spend and cover trend from every Appendix 4C/5B on record up to 31 Mar 2025.
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Issuance timeline

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

DateFormSecurityTotal on issue afterSource
9 July 20262A · quoted issueBTN : ORDINARY FULLY PAID381.7MAppendix 2A
2 Apr 20263H · cancellationBTN : ORDINARY FULLY PAID382.6MAppendix 3H
1 Apr 20263H · cancellationBTN : ORDINARY FULLY PAID381.4MAppendix 3H
27 Feb 20263H · cancellationBTN : ORDINARY FULLY PAID382.6MAppendix 3H
26 Feb 20263G · unquotedBTN : ORDINARY FULLY PAID382.1MAppendix 3G
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 · 1 in the last 12 months

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Placement
1 Aug 2025 ACTIVE
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

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

8.8%
Total overhang · of current shares
0.0%
In the money · at current price
33.8M
Potential new shares
Aug 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
10 Apr 2026Stanley GordonBuy400k—$10k3Y notice
10 Apr 2026Cameron PetricevicBuy1.1M250k$30k3Y notice
10 Apr 2026Rael RossBuy180k3.5M$5k3Y 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

9 July 2026Cleansing Notice
9 July 2026Application for quotation of securities - BTN
2 July 2026$PNon-core asset sale of $4.1M and debt facility extension
29 June 2026$PTrading Halt
11 June 2026Becoming a substantial holder
10 June 2026$PMONEYBOX Retail Credit Fund Live
1 June 2026Disclosure of Long Equity Derivative Positions
28 May 2026$PResponse to ASX Price Query
27 Apr 2026$PMOU with Top 40 Global Bank for Supply Chain Finance
20 Apr 2026$PMarch 2026 Trading Update
12 Apr 2026Change of Director's Interest Notice
12 Apr 2026Change of Director's Interest Notice
12 Apr 2026Change of Director's Interest Notice
2 Apr 2026Notification of cessation of securities - BTN
1 Apr 2026Notification of cessation of securities - BTN
1 Apr 2026Unmarketable Parcel Buy Back Results
27 Feb 2026Change of Director's Interest Notice
27 Feb 2026Notification of cessation of securities - BTN
26 Feb 2026Notification regarding unquoted securities - BTN
25 Feb 2026Cleansing Notice

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