CODEIFAI LIMITED
ASX:CDECommercial & Professional ServicesToday’s holders own 66.2% of what they think they own, once every option and right converts.
Runway under 2 quarters; share count grew 354% in 24 months; 7 cash raises in 24 months
CODEIFAI LIMITED's ordinary share count grew 354.2% between August 2024 and August 2026, its latest share-count filing, adjusted for a 1-for-10 share consolidation in May 2025, to 1.20B shares. The company raised capital seven times in the 24-month window for total disclosed proceeds of A$5.9M, a figure that covers only raises with disclosed, confirmed proceeds, most recently a A$770K placement in July 2026. Options and rights on issue could convert into 613M new shares, equal to 51.1% of the current share count, none in the money; no expiry date for these securities is on record. The company has under 2 quarters of funding at the recent spend rate. No proposed securities issues are pending.
Quick answers · 4
When did CDE last raise capital?
The last capital raise in Codeifai's filings is Placement of $770k announced 22 July 2026, one of 6 cash raises in 24 months.
How much placement capacity does CDE have left?
About 83% of the 15% placement capacity left, about 17% 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 CDE have?
In its quarterly cash report for the quarter ended 30 June 2026, Codeifai reported $340k of cash and estimated 7.0 quarters of funding available at its current rate of spending. That is the company's own estimate.
How many options and rights does CDE have outstanding?
Unexercised options and rights equal 51.1% of Codeifai's shares on issue.
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 |
|---|---|---|---|---|
| 8 Oct 2026 | 3H · cancellation | CDE : ORDINARY FULLY PAID | 1.20B | Appendix 3H |
| 20 Aug 2026 | 2A · quoted issue | CDE : ORDINARY FULLY PAID | 1.20B | Appendix 2A |
| 3 Aug 2026 | 3G · unquoted | CDE : ORDINARY FULLY PAID | 1.18B | Appendix 3G |
| 29 July 2026 | 2A · quoted issue | CDE : ORDINARY FULLY PAID | 1.18B | Appendix 2A |
| 3 July 2026 | 2A · quoted issue | CDE : ORDINARY FULLY PAID | 1.07B | 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
6 cash raises in the last 24 months · 3 in the last 12 months
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-triggered611.1M · 50.9% of sharesOptions and warrants — they convert when the share price clears their exercise price.At least 94.3M of it states no exercise price — that much cannot be called in or out of the money.
- Condition-triggered1.9M · 0.2% 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: 516.8M priced, 96.2M 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 $0.0030 today, 0 securities are in the money (0.0% of shares on issue). No more priced supply until 5× today’s price, which takes it to 125.8M (10.5% 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.
- 96.2M (15.7% 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.
- 127.7M more carries an exercise price above ten times today’s — off the right of this axis, and in every total on this page.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| CDEAH | Performance rights | Condition-triggered | — | — | 1.9M | Filing |
| CDEAD | Options | Price-triggered, no exercise price stated | — | — | 94.3M | Filing |
| CDEAM | Options | Price-triggered | $0.010 | — | 27.4M | Filing |
| CDEAL | Options | Price-triggered | $0.010 | — | 98.4M | Filing |
| CDEAO | Options | Price-triggered | $0.020 | — | 263.4M | Filing |
| CDEAB | Options | Price-triggered | $0.030 | — | 150k | Filing |
| CDEAN | Options | Price-triggered | $0.030 | — | 10.0M | Filing |
| CDEAC | Options | Price-triggered | $0.040 | — | 117.5M | 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.
- CDEAAPrice-triggered75.0M securities → 03 July 2026 Appendix 2A
- CDEAJconvertible notes245k8 Oct 2026 Appendix 2A
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 30 June 2026 | John Houston | Sell off-market | 164.4M | 75.0M | — | $750k | 3Y notice |
| 20 Apr 2026 | Colin Turner | Other | 13.0M | — | — | $130k | 3Y notice |
| 20 Apr 2026 | John Houston | Other | 10.0M | 125.0M | — | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.