CLEAN TEQ WATER LIMITED
ASX:CNQCommercial & Professional ServicesToday’s holders own 91.2% of what they think they own, once every option and right converts.
Share count grew 23% in 24 months; 2 cash raises in 24 months; options/rights overhang 10% of shares
CLEAN TEQ WATER LIMITED's ordinary share count grew 23.0% between July 2024 and August 2026, reaching 89M shares. The company raised capital twice in the past 24 months for total disclosed proceeds of A$7.0M, with the most recent being a A$6.0M placement in November 2025. Options and rights on issue represent potential for 9M new shares, or 9.6% of the current share count, with the nearest expiry in January 2029. Of these, 1% are in the money. As of the June 2026 quarter, the company reported A$9.8M in available cash. The company reported non-negative net cash flow in its latest quarterly report, so no funding runway figure applies. No proposed securities issues are pending.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 7 Sept 2026 | 3G · unquoted | ORDINARY FULLY PAID | 88.8M | Appendix 3G |
| 18 Aug 2026 | 2A · quoted issue | CNQ : ORDINARY FULLY PAID | 88.8M | Appendix 2A |
| 18 Aug 2026 | 2A · quoted issue | CNQ : ORDINARY FULLY PAID | 88.8M | Appendix 2A |
| 7 May 2026 | 2A · quoted issue | CNQ : ORDINARY FULLY PAID | 88.5M | Appendix 2A |
| 27 Apr 2026 | 2A · quoted issue | CNQ : ORDINARY FULLY PAID | 88.5M | Appendix 2A |
Capital raises
2 cash raises in the last 24 months · 1 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 allows 15% of ordinary securities in any 12 months, and every Appendix 3B states how much of it an issue uses.
Pending proposed issues
Options & convertible securities
- Price-triggered884k · 1.0% of sharesOptions and warrants — they convert when the share price clears their exercise price.
- Condition-triggered6.7M · 7.5% of sharesPerformance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.
- Converts on terms1.0M · 1.1% of sharesConvertibles with no exercise price — they convert on their own terms, so they are shares in all but name.
Exercise price on record: 884k priced (of which 884k in the money), 7.7M 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 $0.80 today, 884k securities are in the money (1.0% of shares on issue) — a floor, because an exercise price is on record for only 10.3% of this supply. No price up to ten times today’s switches on any more priced supply.
- 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.
- 7.7M (89.7% 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.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| CNQAS | Options | Price-triggered | $0.56 | 19 Jan 2029 | 884k | Filing |
| CNQAR | Notes | Converts on terms | — | — | 1.0M | Filing |
| CNQAP | Performance rights | Condition-triggered | — | — | 6.7M | Filing Meeting |
“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.
A condition-triggered class has no exercise price and usually no expiry: what it vests on is set by a shareholder resolution, not by the register. Where the company lodged a notice of meeting before the class first appears here, it is linked as “Meeting” — that is where terms of this kind are put to shareholders. It is not confirmation that the document sets this class’s conditions, and no link appears where there is no such filing.
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 18 Aug 2026 | Peter Leonard Voigt | Other incentive | 632k | — | 292k | $184k | 3Y notice |
| 19 Jan 2026 | Peter Leonard Voigt | Other | 257k | — | 292k | — | 3Y notice |
| 1 Jan 2026 | Peter Leonard Voigt | Sell incentive | 257k | — | 110k | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.