Companies / CBL

CONTROL BIONICS LIMITED

ASX:CBLHealth Care Equipment & Services
543.1M shares on issueASX (delayed) · snapshot 11 Sept 2026587.7M fully diluted+8.2% if every option and right converts$0.060price · delayed$32.6Mmarket cap · indicative

Today’s holders own 92.4% of what they think they own, once every option and right converts.

High
Dilution risk

Share count grew 160% in 24 months; 6 cash raises in 24 months; runway 4–8 quarters

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway6.8 quarters of funding
Share-count growth (24m)159.5%
Raise cadence (24m)6 cash raises
Options & rights overhang8.2% of shares
In-the-money supply2.4% of shares
Pending proposed issuesopen proposed issue (Appendix 3B)

CONTROL BIONICS LIMITED ordinary share count grew 159.5% between August 2024 and August 2026, to 543M shares. The company raised capital six times in the past 24 months for total disclosed proceeds of A$21.3M, most recently a A$10.0M placement in June 2026. Options and rights on issue could convert into 45M new shares, equal to 8.2% of the current share count, of which 2% are in the money at the current share price; the nearest expiry falls in October 2026. At the June 2026 quarter the company reported A$10.8M in available cash, about 6.8 quarters of funding at its recent spending rate. One proposed securities issue (Appendix 3B) is pending, with an expected issue date in October 2026.

AI-generated summary of this page's cited filings · updated 8 Sept 2026
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8.2%
Options & rights overhang
2.4%
In-the-money supply
2
Raises · last 12 months
6.8 qtrs
Cash cover · over 4 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 543.1M per ASX (delayed) (snapshot 11 Sept 2026).
300M400M500MDec 24Oct 25Sept 26Cash raise · 23 June 2026Cash raise · 1 Dec 2025Cash raise · 28 Aug 2025Cash raise · 24 Feb 2025543.1M

Cash runway

6.8 qtrs
More than four quarters of funding at the recent spend rate.
Funds operations to about Feb 2028 at the reported spend rate.
$10.8M 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: $2.1M cash at quarter end (item 4.6), 1.3 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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14 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
7 Sept 20263G · unquotedCBL : ORDINARY FULLY PAID543.1MAppendix 3G
12 Aug 20263G · unquotedCBL : ORDINARY FULLY PAID445.3MAppendix 3G
11 Aug 20263G · unquotedCBL : ORDINARY FULLY PAID445.3MAppendix 3G
11 Aug 20262A · quoted issueCBL : ORDINARY FULLY PAID543.1MAppendix 2A
20 July 20262A · quoted issueCBL : ORDINARY FULLY PAID445.3MAppendix 2A
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35 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

6 cash raises in the last 24 months · 2 in the last 12 months

every 4.2 monthsaverage gap between raises
2.7 monthssince the most recent
18 Sept 2024 – 23 June 2026first to most recent in this window
$10.0M
Placement
23 June 2026 COMPLETE
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9 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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16 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 estimate — the 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.
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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

1 proposed issue pending — Appendix 3B lodged, securities not yet issued. New shares from these issues are not in the counts above until quoted.
Paid plan
1 pending issue on record — Pending issue detail
Size, price, fees, broker and placement-capacity usage for each pending issue.
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Options & convertible securities

8.2%
Options & rights overhang · of current shares
2.4%
In-the-money supply · at current price
44.6M
Potential new shares
Oct 2026
Nearest expiry
What a price move would switch on
22.3M44.6M$0.060 now0.25× today ($0.015) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.030) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.045) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.060) — 13.2M of the priced supply in the money, 2.4% of shares on issue1.25× today ($0.075) — 14.7M of the priced supply in the money, 2.7% of shares on issue1.5× today ($0.090) — 17.1M of the priced supply in the money, 3.1% of shares on issue2× today ($0.120) — 40.6M of the priced supply in the money, 7.5% of shares on issue3× today ($0.180) — 42.6M of the priced supply in the money, 7.8% of shares on issue5× today ($0.300) — 43.0M of the priced supply in the money, 7.9% of shares on issue10× today ($0.600) — 43.0M of the priced supply in the money, 7.9% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.060 today, 13.2M securities are in the money (2.4% of shares on issue). No more priced supply until 1.25× today’s price, which takes it to 14.7M (2.7% 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.
  • 1.6M (3.6% 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.
CodeSecurityTypeExercise priceExpiryOn issueSource
CBLAUOptionsPrice-triggered$0.1010 Oct 202621.4MFiling
CBLAROptionsPrice-triggered$0.1020 May 2027500kFiling
CBLAHOptionsPrice-triggered$0.228 Sept 2027366kFiling
CBLAWOptionsPrice-triggered$0.1020 Dec 2027650kFiling
CBLAIOptionsPrice-triggered$0.1619 Jan 20282.0MFiling
CBLAKOptionsPrice-triggered$0.09510 Aug 2028724kFiling
CBLALOptionsPrice-triggered$0.09511 Oct 2028316kFiling
CBLAQOptionsPrice-triggered$0.04513 May 2029500kFiling
CBLASOptionsPrice-triggered$0.05314 Aug 20291.0MFiling
CBLAVOptionsPrice-triggered$0.05310 Oct 20291.7MFiling
CBLAZOptionsPrice-triggered$0.04525 Aug 20302.0MFiling
CBLAYOptionsPrice-triggered$0.04526 Nov 20308.0MFiling
CBLAAOptionsPrice-triggered$0.0601 June 2031250kFiling
CBLACOptionsPrice-triggered$0.07528 July 20312.3MFiling
CBLABOptionsPrice-triggered$0.06313 Aug 20311.3MFiling
XVOptionsPrice-triggered——1.6MFiling

“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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16 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
1 Sept 2026Stephen RixBuy on-market169k——$10k3Y notice
12 Aug 2026Damian LismoreOther placement320k——$24k3Y notice
12 Aug 2026Jeremy SteeleOther placement1.0M——$75k3Y notice
12 Aug 2026Robert HeardOther placement333k——$25k3Y notice
12 Aug 2026Stephen RixOther placement2.0M——$153k3Y notice
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11 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

11 Sept 2026Shareholder letter - 2026 AGM
11 Sept 2026Notice of Annual General Meeting/Proxy Form
7 Sept 2026Notification regarding unquoted securities - CBL
1 Sept 2026Change of Director's Interest Notice - Rix
27 Aug 20262026 Results Commentary
27 Aug 2026Appendix 4G
27 Aug 2026Corporate Governance Statement
27 Aug 20262026 Annual Report
27 Aug 2026$PPreliminary Final Report
27 Aug 2026FY26 Results Investor Webcast Notification
26 Aug 2026$PMedicare Billing Code Secured for NextLevel Speech Devices
24 Aug 2026$PNeuroStrip secures MHRA registration
12 Aug 2026Notification regarding unquoted securities - CBL
12 Aug 2026Change in substantial holding - Nightingale
12 Aug 2026Change in substantial holding - Phoenix
12 Aug 2026Change of Director's Interest Notice - Steele
12 Aug 2026Change of Director's Interest Notice - Opie
11 Aug 2026Change of Director's Interest Notice - Heard
11 Aug 2026Change of Director's Interest Notice - Lismore
11 Aug 2026Change of Director's Interest Notice - Rix

Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.