CUSCAL LIMITED

ASX:CCLFinancial Services

199.8M shares on issueASX (delayed) · snapshot 11 Sept 2026202.8M fully diluted+1.5% if every option and right converts$5.45price · delayed$1.09Bmarket cap · indicative

Today’s holders own 98.5% of what they think they own, once every option and right converts.

Minimal

Dilution riskprovisional — limited history

1 cash raise in 24 months

Absolute levels — not a ranking against other companies.

Cash runwayno data — not a quarterly (4C/5B) cash filer

Share-count growth (24m)0.4%

Raise cadence (24m)1 cash raise

Options & rights overhang1.5% of shares

In-the-money supplyno data — no exercise price on record

Pending proposed issuesnone

CUSCAL LIMITED's ordinary share count was 200M as of May 2026, an increase of 0.4% from April 2026. In the past 24 months, the company completed one capital raise totalling A$30.0M, most recently a Placement and Share Purchase Plan in April 2026. Options and rights on issue could convert to 3M new shares, representing 1.5% of the current share count, with no stated expiry date for these securities. The company does not have a current quarterly cash report on record, therefore no cash balance or funding runway figure is available. No proposed securities issues are pending.

AI-generated summary of this page's cited filings · updated 1 Sept 2026

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1.5%

Options & rights overhang

—

In-the-money supply · no stated strikes

Raises · last 12 months

—

Cash cover · not a quarterly filer

Shares on issue — last 2 years

Ordinary shares on issue

Weekly counts from ASX records. Dots mark cash capital raises. Latest count 199.8M per ASX (delayed) (snapshot 11 Sept 2026).

Cash runway

Not a quarterly cash filer. This company does not lodge Appendix 4C/5B quarterly cash reports, so cash runway does not apply.

Issuance timeline

Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

Date	Form	Security	On issue, per this filing	Source
30 June 2026	3H · cancellation	CCL : ORDINARY FULLY PAID	199.8M	Appendix 3H
12 May 2026	2A · quoted issue	CCL : ORDINARY FULLY PAID	199.8M	Appendix 2A
17 Apr 2026	2A · quoted issue	CCL : ORDINARY FULLY PAID	199.1M	Appendix 2A
18 Nov 2025	3G · unquoted	ORDINARY FULLY PAID	191.6M	Appendix 3G
6 July 2025	3H · cancellation	CCL : ORDINARY FULLY PAID	191.6M	Appendix 3H

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5 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

1 cash raise in the last 24 months · 1 in the last 12 months

$30.0M

Placement and Share Purchase Plan

13 Apr 2026

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1 raise 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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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 74% of the 15% placement capacity left — about 26% 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

1.5%

Options & rights overhang · of current shares

—

In-the-money supply · no stated strikes

3.0M

Potential new shares

—

Nearest expiry

What a price move would switch on

No option supply on record carries an exercise price to pay, so no share price switches any of it on. All 3.0M of it converts on something else — a hurdle that may never be met, or terms the filing does not price.

Code	Security	Type	Exercise price	Expiry	On issue	Source
CCLAB	Performance rights	Condition-triggered	—	—	3.0M	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.

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1 option line 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

Date	Director	Type	Shares	Options	Other	Value	Source
8 Sept 2026	Peter Hooper Wright	Buy on-market	4k	—	—	$20k	3Y notice
2 Sept 2026	Leila Fourie	Buy on-market	874	—	—	$5k	3Y notice
21 Aug 2026	Elizabeth Mary Proust	Buy on-market	20k	—	—	$117k	3Y notice