Companies / CCE

CARNEGIE CLEAN ENERGY LIMITED

ASX:CCEUtilities
427.3M shares on issueASX (delayed) · snapshot 11 Sept 2026481.8M fully diluted+12.8% if every option and right converts$0.19price · delayed$81.2Mmarket cap · indicative

Today’s holders own 88.7% of what they think they own, once every option and right converts.

High
Dilution risk

Runway under 2 quarters; share count grew 17% in 24 months; 2 cash raises in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway1.6 quarters of funding
Share-count growth (24m)16.7%
Raise cadence (24m)2 cash raises
Options & rights overhang12.8% of shares
In-the-money supply10.4% of shares
Pending proposed issuesnone

CARNEGIE CLEAN ENERGY LIMITED's ordinary share count grew 16.7% between June 2024 and July 2026, to 427M shares. The company raised capital two times in the past 24 months for total disclosed proceeds of A$4.6M, most recently a A$2.5M placement in July 2026. Options and rights on issue could convert into 54M new shares, equal to 12.8% of the current share count, of which 10% are in the money at the current share price; the nearest expiry falls in October 2027. At the June 2026 quarter the company reported A$2.3M in available cash, about 1.6 quarters of funding at its recent spending rate. No proposed securities issues are currently pending.

AI-generated summary of this page's cited filings · updated 9 Sept 2026
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12.8%
Options & rights overhang
10.4%
In-the-money supply
1
Raises · last 12 months
1.6 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 427.3M per ASX (delayed) (snapshot 11 Sept 2026).
375M400M425MDec 24Oct 25Sept 26Cash raise · 20 July 2026Cash raise · 12 Aug 2025427.3M

Cash runway

1.6 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
Funds operations to about Nov 2026 at the reported spend rate.
$2.3M 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: $996k cash at quarter end (item 4.6), 1.6 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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11 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
26 Aug 20263G · unquotedCCE : ORDINARY FULLY PAID427.3MAppendix 3G
27 July 20262A · quoted issueCCE : ORDINARY FULLY PAID427.3MAppendix 2A
15 July 20263G · unquotedCCE : ORDINARY FULLY PAID413.4MAppendix 3G
3 July 20262A · quoted issueCCE : ORDINARY FULLY PAID413.4MAppendix 2A
19 June 20262A · quoted issueCCE : ORDINARY FULLY PAID411.5MAppendix 2A
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21 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

2 cash raises in the last 24 months · 1 in the last 12 months

every 11.2 monthsaverage gap between raises
1.8 monthssince the most recent
12 Aug 202520 July 2026first to most recent in this window
$2.5M
Placement
20 July 2026 COMPLETE
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4 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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2 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 78% of the 15% placement capacity left — about 22% 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

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

12.8%
Options & rights overhang · of current shares
10.4%
In-the-money supply · at current price
54.5M
Potential new shares
Oct 2027
Nearest expiry
What a price move would switch on
27.2M54.5M$0.19 now0.25× today ($0.05) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.10) — 44.5M of the priced supply in the money, 10.4% of shares on issue0.75× today ($0.14) — 44.5M of the priced supply in the money, 10.4% of shares on issue1× today ($0.19) — 44.5M of the priced supply in the money, 10.4% of shares on issue1.25× today ($0.24) — 44.5M of the priced supply in the money, 10.4% of shares on issue1.5× today ($0.29) — 54.5M of the priced supply in the money, 12.8% of shares on issue2× today ($0.38) — 54.5M of the priced supply in the money, 12.8% of shares on issue3× today ($0.57) — 54.5M of the priced supply in the money, 12.8% of shares on issue5× today ($0.95) — 54.5M of the priced supply in the money, 12.8% of shares on issue10× today ($1.90) — 54.5M of the priced supply in the money, 12.8% of shares on issue0.25×0.5×0.75×now1.25×1.5×10×

At $0.19 today, 44.5M securities are in the money (10.4% of shares on issue). No more priced supply until 1.5× today’s price, which takes it to 54.5M (12.8% 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
CCEAFOptionsPrice-triggered$0.06029 Oct 202744.5MFiling
CCEAGOptionsPrice-triggered$0.2714 July 202910.0MFiling

“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.

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2 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
3 July 2026Anthony ShieldsSell on-market44.5M$199k3Y notice
29 June 2026Anthony ShieldsSell on-market1.9M1.9M$369k3Y notice
15 June 2026Anthony ShieldsSell on-market1.5M$294k3Y notice
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4 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

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