Companies / CBL

CONTROL BIONICS LIMITED

ASX:CBLHealth Care Equipment & Services
544.1M shares on issueASX (delayed) · snapshot 28 Oct 2026569.1M fully diluted+4.6% if every option and right converts$0.049price · delayed$28.8MMarket capAt the previous close. On a day the price moves, shares × today’s price will differ. Prices delayed.

Today’s holders own 95.6% of what they think they own, once every option and right converts.

Moderate
Dilution risk

Share count grew 120% in 24 months; 4 cash raises in 24 months; runway 4–8 quarters

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway6.3 quarters of funding
Share-count growth (24m)119.8%
Raise cadence (24m)4 cash raises
Options & rights overhang4.6% of shares
In-the-money supply1.9% of shares
Pending proposed issuesrecent proposed issue (Appendix 3B), issue not on record

CONTROL BIONICS LIMITED's ordinary share count grew 119.8% between October 2024 and October 2026, its latest share-count filing, to 544M shares. The company raised capital four times in that period for total disclosed proceeds of A$17.2M, most recently a A$10.0M placement in June 2026. Options and rights on issue could convert into 25M new shares, equal to 4.6% of the current share count, of which 2% are in the money at the current share price; the nearest expiry falls in May 2027. The company has more than 4 quarters of funding at the recent spend rate. No proposed securities issues are currently pending.

AI-generated summary of this page's cited filings · updated 19 Oct 2026
Quick answers · 5

When did CBL last raise capital?

The last capital raise in Control Bionics's filings is Placement of $10.0M announced 25 June 2026, one of 4 cash raises in 24 months.

How much placement capacity does CBL have left?

About 42% of the 15% placement capacity left, about 58% used in 12 months (estimate). Under ASX Listing Rule 7.1 a company may place up to 15% of its shares in 12 months without shareholder approval.

How much cash does CBL have?

In its quarterly cash report for the quarter ended 30 June 2026, Control Bionics reported $2.1M of cash and estimated 1.3 quarters of funding available at its current rate of spending. That is the company's own estimate.

When do CBL's options expire?

Unexercised options and rights equal 4.6% of Control Bionics's shares on issue; the nearest expiry is May 2027.

How much has CBL's share count grown?

Control Bionics has 544.1M shares on issue as at 28 Oct 2026, up 119.8% over 24 months according to its Appendix 2A filings.

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4.6%
Options & rights overhang
1.9%
In the moneyAn option whose exercise price is below the last closing share price, so converting it pays. These are the options most likely to become new shares soon. supply
2
Raises · last 12 months
6.3 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 544.1M per ASX (delayed) (snapshot 28 Oct 2026).
300M400M500MDec 24Nov 25Oct 26Cash raise · 25 June 2026Cash raise · 1 Dec 2025Cash raise · 28 Aug 2025Cash raise · 25 Feb 2025544.1M

Cash runway

6.3 qtrs OURS
More than four quarters of funding at the recent spend rate.
Funds operations to about May 2028 at the reported spend rate.
Adds the $10.0M raise announced 25 June 2026 (filing).
FILED 1.3 qtrs · $2.1M cash · quarter ended 30 June 2026 · before the raise above came in
OURS our estimate, carried to todayOURSOur estimate for today. We take the cash in the company’s latest cash report, deduct spending since at its reported rate, and, for quarterly filers, add raises announced after it. It moves daily; announced money may not all be received yet.$2.1M cash at 30 Jun 2026 + $9.9M announced raises − $2.1M spent ($1.6M a quarter × 120 days) = $9.9M left → 6.3 qtrsFILED as the company reportedFILEDAs the company stated it in its latest cash report. Dated to the end of that period, it does not change until the next report.
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14 cash reports on record — Cash runway history
Cash, net spend and cover trend from every Appendix 4C/5B and 4D/4E on record up to 30 June 2026.
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Issuance timeline

Latest 5 filings (Appendix 2AThe form a company lodges to have new securities quoted on the ASX. It restates how many of each class are on issue. quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityOn issue, per this filingSource
19 Oct 20262A · quoted issueCBL : ORDINARY FULLY PAID544.1MAppendix 2A
15 Oct 20263G · unquotedCBL : ORDINARY FULLY PAID543.1MAppendix 3G
12 Oct 20263H · cancellationCBL : ORDINARY FULLY PAID543.1MAppendix 3H
7 Sept 20263G · unquotedCBL : ORDINARY FULLY PAID543.1MAppendix 3G
12 Aug 20262A · quoted issueCBL : ORDINARY FULLY PAID543.1MAppendix 2A
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38 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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Securities on issue over time

Ordinary shares and every option and rights class, month by month over two years. The top edge is the fully diluted count.

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Securities on issue, by class
How the share count and each option and rights class moved, month by month, with every number in a table.
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Capital raises

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

every 5.3 monthsaverage gap between raises
4.1 monthssince the most recent
25 Feb 2025 – 25 June 2026first to most recent in this window
$10.0M
Placement
At 7.5c, 13.8% below the last close
25 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 / 7.1ARule 7.1 lets a company issue up to 15% of its shares in 12 months without a shareholder vote. Rule 7.1A adds 10% for smaller companies whose holders approve it. allows 15% of ordinary securities in any 12 months, and every Appendix 3BNotice that a company proposes to issue new securities, such as a placement. The securities are not on issue until a later filing confirms it. states how much of it an issue uses.

About 42% of the 15% placement capacity left — about 58% used by Appendix 3B filings in the last 12 months, after the issues holders ratified (estimate, as at 2026-10-28). Holders passed a ratification we could not match to exactly one filing, or whose number of shares the result does not state, and shares issued with holder approval are not added to the base, so the true headroom may be higher.
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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 issue (Appendix 3B) dated ahead. One dated in the last 45 days is not yet on record as issued, and the risk score counts it.

Options & convertible securities

4.6%
Options & rights overhang · of current shares
1.9%
In-the-money supply · at current price
25.0M
Potential new shares
May 2027
Nearest expiry
What a price move would switch on
12.5M25.0M$0.049 now0.25× today ($0.012) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.025) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.037) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.049) — 10.5M of the priced supply in the money, 1.9% of shares on issue1.25× today ($0.061) — 13.5M of the priced supply in the money, 2.5% of shares on issue1.5× today ($0.074) — 14.7M of the priced supply in the money, 2.7% of shares on issue2× today ($0.098) — 21.5M of the priced supply in the money, 3.9% of shares on issue3× today ($0.147) — 22.6M of the priced supply in the money, 4.2% of shares on issue5× today ($0.245) — 25.0M of the priced supply in the money, 4.6% of shares on issue10× today ($0.490) — 25.0M of the priced supply in the money, 4.6% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.049 today, 10.5M securities are in the money (1.9% of shares on issue). No more priced supply until 1.25× today’s price, which takes it to 13.5M (2.5% 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
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
CBLADOptionsPrice-triggered$0.0757 Sept 20301.6MFiling
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
CBLAEOptionsPrice-triggered$0.07515 Oct 20311.8MFiling
1.8M granted 15 Oct 2026: conditions on continued service. Terms

“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. For what expires soon across other listed companies, see the options expiry calendar.

A line under a class is a grant of rights into it, as read from the company’s own filings: its size, any share-price or market-cap hurdles, and the other kinds of condition it carries. A grant is often only part of the class, so its terms say nothing about the rest. Whether a hurdle has been met is not shown.

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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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1 grant on record — Vesting terms, tranche by tranche
Every tranche of every grant above: what it vests on, in the filing's own words, with the quote and the document.
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Director dealings

DateDirectorTypeSharesOptionsOtherValueSource
19 Oct 2026Stephen RixOther1.0M——$62k3Y notice
15 Oct 2026Jeremy SteeleOther—1.8M——3Y notice
1 Sept 2026Stephen RixBuy on-market169k——$10k3Y notice
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13 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

19 Oct 2026Cleansing notice
19 Oct 2026Change of Director's Interest Notice - Rix
19 Oct 2026Application for quotation of securities - CBL
15 Oct 2026Change of Director's Interest Notice - Steele
15 Oct 2026Notification regarding unquoted securities - CBL
13 Oct 2026Results of 2026 AGM
13 Oct 20262026 AGM Presentation
12 Oct 2026Notification of cessation of securities - CBL
5 Oct 2026NeuroStrip CE Marked for Sale Across Europe
28 Sept 2026Breach of Listing Rule 10.1
23 Sept 2026German distribution agreement - Tobii Dynavox
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
28 Aug 20262026 Results Commentary
28 Aug 2026Appendix 4G
28 Aug 2026Corporate Governance Statement
28 Aug 20262026 Annual Report
28 Aug 2026$PPreliminary Final Report

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