CLEVER CULTURE SYSTEMS LIMITED
ASX:CC5Health Care Equipment & ServicesToday’s holders own 93.7% of what they think they own, once every option and right converts.
Runway under 2 quarters; share count grew 24% in 24 months; options/rights overhang 7% of shares
CLEVER CULTURE SYSTEMS LIMITED's ordinary share count grew 24.0% between December 2024 and August 2026, its latest share-count filing, to 2.18B shares. It has not raised capital through any placement, rights issue or share purchase plan in the past 24 months. Options and rights on issue could convert into 146M new shares, equal to 6.7% of the current share count, none of which are in the money; the nearest expiry falls in March 2027. The company has reported that "at the reported spend rate the reported cash would since have been used up, and no later cash report is on record, so no funding-runway figure applies". Three proposed securities issues (Appendix 3B) are pending, with the nearest expected issue date in November 2026.
Quick answers · 5
Is CC5 raising capital?
Clever Culture Systems has 3 proposed issues of securities pending under Appendix 3B as at 28 Oct 2026.
How much placement capacity does CC5 have left?
About 91% of the 15% placement capacity left, about 9% 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 CC5 have?
In its quarterly cash report for the quarter ended 30 June 2026, Clever Culture Systems reported $1.7M of cash and estimated 1.1 quarters of funding available at its current rate of spending. That is the company's own estimate.
When do CC5's options expire?
Unexercised options and rights equal 6.7% of Clever Culture Systems's shares on issue; the nearest expiry is Mar 2027.
How much has CC5's share count grown?
Clever Culture Systems has 2.18B shares on issue as at 28 Oct 2026, up 24.0% over 24 months according to its Appendix 2A filings.
Shares on issue — last 2 years
Cash runway
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)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 14 Aug 2026 | 2A · quoted issue | CC5 : ORDINARY FULLY PAID | 2.18B | Appendix 2A |
| 10 Aug 2026 | 3H · cancellation | CC5 : ORDINARY FULLY PAID | 2.18B | Appendix 3H |
| 1 July 2026 | 3G · unquoted | CC5 : ORDINARY FULLY PAID | 2.18B | Appendix 3G |
| 23 June 2026 | 3G · unquoted | CC5 : ORDINARY FULLY PAID | 2.18B | Appendix 3G |
| 13 May 2026 | 2A · quoted issue | CC5 : ORDINARY FULLY PAID | 2.18B | Appendix 2A |
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.
Capital raises
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.
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.
Pending proposed issues
Options & convertible securities
- Price-triggered136.0M · 6.2% of sharesOptions 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 sharesPerformance 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.
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.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| CC5AAD | Options | Price-triggered | $0.050 | 23 Mar 2027 | 7.5M | Filing |
| CC5AAK | Options | Price-triggered | $0.025 | 22 May 2027 | 11.5M | Filing |
| CC5AAI | Options | Price-triggered | $0.014 | 10 Dec 2027 | 8.4M | Filing |
| CC5AB | Options | Price-triggered | $0.034 | 23 June 2028 | 9.6M | Filing |
| CC5AC | Options | Price-triggered | $0.033 | 30 June 2028 | 16.0M | Filing |
| CC5AAG | Options | Price-triggered | $0.024 | 10 Dec 2028 | 80.0M | Filing |
| CC5AI | Options | Price-triggered, no exercise price stated | — | — | 3.0M | Filing |
| CC5AAH | Performance rights | Condition-triggered | — | — | 10.0M | Filing |
“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.
- CC5AAJPrice-triggered2.5M securities → 013 May 2026 Appendix 2A
- CC5AAECondition-triggered4.2M securities → 012 Feb 2026 Appendix 2A
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 7 Aug 2026 | Brenton Barnes | Sell | — | 1.5M | 10.0M | — | 3Y notice |
| 3 Dec 2025 | Brenton Barnes | Other | 3.5M | 15.4M | 10.0M | $91k | 3Y notice |
| 1 Oct 2025 | Brenton Barnes | Other | 35.0M | 25.0M | 10.0M | $280k | 3Y notice |
| 1 Oct 2025 | Ms Rebecca Wilson | Other | 6.8M | 6.8M | — | $54k | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.