COMET RIDGE LIMITED
ASX:COIEnergyToday’s holders own 86.8% of what they think they own, once every option and right converts.
Share count grew 51% in 24 months; options/rights overhang 15% of shares; 1 cash raise in 24 months
COMET RIDGE LIMITED's ordinary share count rose 51.2% between October 2024 and August 2026, its latest share-count filing, to 1.68B shares. The company raised capital once in the past 24 months, a June 2026 Placement and Share Purchase Plan (SPP) for A$40.9M. Options and rights on issue could convert into 254M new shares, equal to 15.2% of the current share count; 0% are in the money. The nearest expiry falls in June 2028. The company has more than 4 quarters of funding at the recent spend rate. No proposed securities issues are pending.
Quick answers · 5
When did COI last raise capital?
The last capital raise in Comet Ridge's filings is Placement and Share Purchase Plan (SPP) of $40.9M announced 24 June 2026, one of 1 cash raises in 24 months.
How much placement capacity does COI have left?
None of the 15% placement capacity counted as used in the last 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 COI have?
In its quarterly cash report for the quarter ended 30 June 2026, Comet Ridge reported $27.7M of cash and estimated 7.0 quarters of funding available at its current rate of spending. That is the company's own estimate.
When do COI's options expire?
Unexercised options and rights equal 15.2% of Comet Ridge's shares on issue; the nearest expiry is June 2028.
How much has COI's share count grown?
Comet Ridge has 1.68B shares on issue as at 28 Oct 2026, up 51.2% over 24 months according to its Appendix 2A filings.
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 |
|---|---|---|---|---|
| 24 Aug 2026 | 2A · quoted issue | COI : ORDINARY FULLY PAID | 1.68B | Appendix 2A |
| 14 Aug 2026 | 2A · quoted issue | COI : ORDINARY FULLY PAID | 1.60B | Appendix 2A |
| 14 Aug 2026 | 3G · unquoted | COI : ORDINARY FULLY PAID | 1.50B | Appendix 3G |
| 14 Aug 2026 | 3G · unquoted | COI : ORDINARY FULLY PAID | 1.50B | Appendix 3G |
| 31 July 2026 | 2A · quoted issue | COI : ORDINARY FULLY PAID | 1.50B | 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
1 cash raise 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 / 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
At $0.070 today, 0 securities are in the money (0.0% of shares on issue). No more priced supply until 3× today’s price, which takes it to 254.4M (15.2% 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.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| COIAB | Options | Price-triggered | $0.15 | 30 June 2028 | 199.4M | Filing |
| COIAR | Warrants | Price-triggered | $0.16 | — | 55.0M | 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. For what expires soon across other listed companies, see the options expiry calendar.
- COIAQPrice-triggered22.7M securities → 01 Apr 2026 Appendix 2A
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 13 Aug 2026 | JAMES ALLAN VINCENT MCKAY | Other placement | 673k | 337k | — | $69k | 3Y notice |
| 13 Aug 2026 | James Martin Riley | Buy placement | 322k | 161k | — | $33k | 3Y notice |
| 13 Aug 2026 | TOR MCCAUL | Other placement | 673k | 337k | — | $69k | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.