Companies / CMB

CAMBIUM BIO LIMITED

ASX:CMBPharmaceuticals, Biotechnology & Life Sciences
29.4M shares on issueASX (delayed) · snapshot 11 Sept 202632.1M fully diluted+8.9% if every option and right converts$0.46price · delayed$13.5Mmarket cap · indicative

Today’s holders own 91.8% of what they think they own, once every option and right converts.

Very high
Dilution risk

Runway under 2 quarters; share count grew 147% in 24 months; 6 cash raises in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway1.8 quarters of funding
Share-count growth (24m)146.7%
Raise cadence (24m)6 cash raises
Options & rights overhang8.9% of shares
In-the-money supplyno data — no exercise price on record
Pending proposed issuesopen proposed issue (Appendix 3B)

CAMBIUM BIO LIMITED's ordinary share count grew 146.7% between June 2024 and July 2026, to 29M shares, with the latest share count adjusted for a consolidation. The company raised capital six times in the past 24 months for total disclosed proceeds of A$18.5M, most recently a A$1.0M placement in July 2026. Options and rights on issue could convert into 3M new shares, equal to 8.9% of the current share count; no filing on record states an expiry date for these securities, and 0% are in the money at the current share price. At the June 2026 quarter the company reported A$1.5M in available cash, about 1.8 quarters of funding at its recent spending rate. No proposed securities issues are pending.

AI-generated summary of this page's cited filings · updated 10 Sept 2026
Get told when this changes
Set up alerts
Daily email alerts cover risk-level moves, new raises, pending proposed issues and option expiries for the companies you follow.
8.9%
Options & rights overhang
In-the-money supply · no stated strikes
4
Raises · last 12 months
1.8 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 29.4M per ASX (delayed) (snapshot 11 Sept 2026).
15M20M25M30MDec 24Oct 25Sept 26Cash raise · 22 July 2026Cash raise · 11 Feb 2026Cash raise · 20 Jan 2026Cash raise · 15 Sept 2025Cash raise · 30 July 202529.4M

Cash runway

1.8 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.
$1.5M 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: $1.1M cash at quarter end (item 4.6), 1.4 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.
Free account
9 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.
Free account: 2 full company unlocks every month, no card.
Create free accountSee plans

Issuance timeline

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

DateFormSecurityOn issue, per this filingSource
1 Sept 20263G · unquotedCMB : ORDINARY FULLY PAID29.4MAppendix 3G
23 July 20262A · quoted issueCMB : ORDINARY FULLY PAID29.4MAppendix 2A
16 Mar 20262A · quoted issueCMB : ORDINARY FULLY PAID27.3MAppendix 2A
16 Oct 20252A · quoted issueCMB : ORDINARY FULLY PAID23.0MAppendix 2A
16 Oct 20253G · unquotedCMB : ORDINARY FULLY PAID22.9MAppendix 3G
Free account
13 filings on record — Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
Free account: 2 full company unlocks every month, no card.
Create free accountSee plans

Capital raises

6 cash raises in the last 24 months · 4 in the last 12 months

every 3.9 monthsaverage gap between raises
1.7 monthssince the most recent
1 Dec 202422 July 2026first to most recent in this window
$1.0M
Placement
22 July 2026 COMPLETE
Free account
6 raises on record — Full raise history
Issue price, shares issued, brokers and stated purpose for every raise on record.
Free account: 2 full company unlocks every month, no card.
Create free accountSee plans

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.

Free account
Forward supply calendar
Option expiries and proposed issues on one forward timeline, with the securities each could add.
Free account: 2 full company unlocks every month, no card.
Create free accountSee plans

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 42% of the 15% placement capacity left — about 58% used by Appendix 3B filings in the last 12 months (estimate, as at 2026-09-12). The company has also placed under the additional 10% (Listing Rule 7.1A), which is not counted in this figure. Holder-approved issues and any later ratification are not deducted, so the true headroom can be higher.
Free account
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.
Free account: 2 full company unlocks every month, no card.
Create free accountSee plans

Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

8.9%
Options & rights overhang · of current shares
In-the-money supply · no stated strikes
2.6M
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 2.6M of it converts on something else — a hurdle that may never be met, or terms the filing does not price.

CodeSecurityTypeExercise priceExpiryOn issueSource
CMBAQOptionsPrice-triggered2.6MFiling

“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.

Free account
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.
Free account: 2 full company unlocks every month, no card.
Create free accountSee plans

Director dealings

DateDirectorTypeSharesOptionsOtherValueSource
17 Mar 2026YU-HUNG SEBASTIAN TSENGOther placement4.4M3Y notice
16 Oct 2025EDMUND KEMP WALLEROther60k120k3Y notice
16 Oct 2025TERENCE ALLEN WALTSOther55k120k3Y notice
Free account
8 notices on record — Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
Free account: 2 full company unlocks every month, no card.
Create free accountSee plans

Ownership

Free account
Top-20 holders & substantial holder notices
Top-20 register snapshot and substantial-holder movements, each linked to its source notice.
Free account: 2 full company unlocks every month, no card.
Create free account

Latest announcements

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