Companies / CC5

CLEVER CULTURE SYSTEMS LIMITED

ASX:CC5Health Care Equipment & Services
2.18B shares on issueASX (delayed) · snapshot 11 Sept 20262.33B fully diluted+6.7% if every option and right converts$0.019price · delayed$41.5Mmarket cap · indicative

Today’s holders own 93.7% of what they think they own, once every option and right converts.

Moderate
Dilution risk

Runway under 2 quarters; share count grew 24% in 24 months; options/rights overhang 7% of shares

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway0.2 quarters of funding
Share-count growth (24m)24.0%
Raise cadence (24m)0 cash raises
Options & rights overhang6.7% of shares
In-the-money supply0.4% of shares
Pending proposed issuesopen proposed issue (Appendix 3B)

CLEVER CULTURE SYSTEMS LIMITED's ordinary share count grew 24.0% between December 2024 and August 2026, to 2.18 billion shares. The company has not raised capital in the past 24 months. Options and rights on issue could convert into 146M new shares, representing 6.7% of the current share count, with the nearest expiry in March 2027; none of these options are currently in the money. As of the June 2026 quarter, the company held A$420K in available cash, covering approximately 0.2 quarters of operations. A proposed securities issue (Appendix 3B) is pending, with an expected issue date in November 2026.

AI-generated summary of this page's cited filings · updated 11 Sept 2026
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6.7%
Options & rights overhang
0.4%
In-the-money supply
0
Raises · last 12 months
0.2 qtrs
Cash cover · under 2 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 2.18B per ASX (delayed) (snapshot 11 Sept 2026).
1.8B2.0B2.2BDec 24Oct 25Sept 262.18B

Cash runway

0.2 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
The latest quarterly report funded operations to about July 2026 — that date has passed, and no later report is on record.
$402k 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: $1.7M cash at quarter end (item 4.6), 1.1 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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7 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
13 Aug 20262A · quoted issueCC5 : ORDINARY FULLY PAID2.18BAppendix 2A
10 Aug 20263H · cancellationCC5 : ORDINARY FULLY PAID2.18BAppendix 3H
1 July 20263G · unquotedCC5 : ORDINARY FULLY PAID2.18BAppendix 3G
22 June 20263G · unquotedCC5 : ORDINARY FULLY PAID2.18BAppendix 3G
13 May 20262A · quoted issueCC5 : ORDINARY FULLY PAID2.18BAppendix 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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Capital raises

No equity raises in the last 24 months.
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5 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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7 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.

About 91% of the 15% placement capacity left — about 9% 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.
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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.
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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

6.7%
Options & rights overhang · of current shares
0.4%
In-the-money supply · at current price
146.0M
Potential new shares
Mar 2027
Nearest expiry
What this supply is, and what converts it
  • Price-triggered136.0M · 6.2% of shares
    Options and warrants — they convert when the share price clears their exercise price.
    At least 3.0M of it states no exercise price — that much cannot be called in or out of the money.
  • Condition-triggered10.0M · 0.5% 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: 133.0M priced (of which 8.4M in the money), 12.9M 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
73.0M146.0M$0.019 now0.25× today ($0.005) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.009) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.014) — 8.4M of the priced supply in the money, 0.4% of shares on issue1× today ($0.019) — 8.4M of the priced supply in the money, 0.4% of shares on issue1.25× today ($0.024) — 8.4M of the priced supply in the money, 0.4% of shares on issue1.5× today ($0.028) — 99.9M of the priced supply in the money, 4.6% of shares on issue2× today ($0.038) — 125.5M of the priced supply in the money, 5.8% of shares on issue3× today ($0.057) — 133.0M of the priced supply in the money, 6.1% of shares on issue5× today ($0.095) — 133.0M of the priced supply in the money, 6.1% of shares on issue10× today ($0.190) — 133.0M of the priced supply in the money, 6.1% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.019 today, 8.4M securities are in the money (0.4% of shares on issue). No more priced supply until 1.5× today’s price, which takes it to 99.9M (4.6% 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.
  • 12.9M (8.9% 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
CC5AADOptionsPrice-triggered$0.05023 Mar 20277.5MFiling
CC5AAKOptionsPrice-triggered$0.02522 May 202711.5MFiling
CC5AAIOptionsPrice-triggered$0.01410 Dec 20278.4MFiling
CC5ABOptionsPrice-triggered$0.03423 June 20289.6MFiling
CC5ACOptionsPrice-triggered$0.03330 June 202816.0MFiling
CC5AAGOptionsPrice-triggered$0.02410 Dec 202880.0MFiling
CC5AIOptionsPrice-triggered——3.0MFiling
CC5AAHPerformance rightsCondition-triggered——10.0MFiling

“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.

2 classes ceased in the last 12 months and are not counted above
The company’s own Appendix 2A restates each of these at zero. They are excluded from the overhang, the in-the-money supply and every figure on this page. Each count is the filing’s own count of securities in the class, not a share count — a 2A never states what one security converts into.
  • CC5AAJPrice-triggered2.5M securities → 013 May 2026 Appendix 2A
  • CC5AAECondition-triggered4.2M securities → 011 Feb 2026 Appendix 2A
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8 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
7 Aug 2026Brenton BarnesSell—1.5M10.0M—3Y notice
3 Dec 2025Brenton BarnesOther3.5M15.4M10.0M$91k3Y notice
1 Oct 2025Brenton BarnesOther35.0M25.0M10.0M$280k3Y notice
1 Oct 2025Ms Rebecca WilsonOther6.8M6.8M—$54k3Y notice
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8 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

6 Sept 2026$PNovo Nordisk Expand Use of APAS Independence
31 Aug 2026Appendix 4G
31 Aug 2026Corporate Governance Statement
31 Aug 2026Annual Report to shareholders
30 Aug 2026$PAppendix 4E
13 Aug 2026Application for quotation of securities - CC5
13 Aug 2026Change of Director's Interest Notice
10 Aug 2026Notification of cessation of securities - CC5
6 Aug 2026Proposed issue of securities - CC5
5 Aug 2026Proposed issue of securities - CC5
29 July 2026$PQuarterly Activities/Appendix 4C Cash Flow Report
1 July 2026Notification regarding unquoted securities - CC5
29 June 2026Proposed issue of securities - CC5
22 June 2026Notification regarding unquoted securities - CC5
22 June 2026Updated Company Presentation
22 June 2026Proposed issue of securities - CC5
8 June 2026CSL Orders APAS Independence for Global QC Operations
27 May 2026Sales and Commercial Update
13 May 2026Application for quotation of securities - CC5
29 Apr 2026$PQuarterly Activities/Appendix 4C Cash Flow Report

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