Companies / CU6

CLARITY PHARMACEUTICALS LTD

ASX:CU6Pharmaceuticals, Biotechnology & Life Sciences
373.1M shares on issueASX (delayed) · snapshot 28 Oct 2026402.6M fully diluted+7.9% if every option and right converts$1.56price · delayed$578.3MMarket capAt the previous close. On a day the price moves, shares × today’s price will differ. Prices delayed.

Today’s holders own 92.7% of what they think they own, once every option and right converts.

Low
Dilution risk

Share count grew 16% in 24 months; runway 4–8 quarters; 1 cash raise in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway4.8 quarters of funding
Share-count growth (24m)16.5%
Raise cadence (24m)1 cash raise
Options & rights overhang7.9% of shares
In-the-money supplyno data — no exercise price on record
Pending proposed issuesnone

CLARITY PHARMACEUTICALS LTD's ordinary share count rose 16.5% between October 2024 and July 2026, its latest share-count filing, to 373M shares. The company conducted one capital raise in the past 24 months, a Placement in July 2025 raising A$203.6M. Options and rights on issue could convert into 29M new shares, equal to 7.9% of the current share count, none of which are in the money; no expiry date for these securities is on record. The company has more than 4 quarters of funding at the recent spend rate. No proposed securities issues are currently pending.

AI-generated summary of this page's cited filings · updated 28 Oct 2026
Quick answers · 5

When did CU6 last raise capital?

The last capital raise in Clarity Pharmaceuticals's filings is Placement of $203.6M announced 28 July 2025, one of 1 cash raises in 24 months.

How much placement capacity does CU6 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 CU6 have?

In its quarterly cash report for the quarter ended 30 June 2026, Clarity Pharmaceuticals reported $178.3M of cash and estimated 9.0 quarters of funding available at its current rate of spending. That is the company's own estimate.

How many options and rights does CU6 have outstanding?

Unexercised options and rights equal 7.9% of Clarity Pharmaceuticals's shares on issue.

How much has CU6's share count grown?

Clarity Pharmaceuticals has 373.1M shares on issue as at 28 Oct 2026, up 16.5% over 24 months according to its Appendix 2A filings.

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7.9%
Options & rights overhang
—
In the moneyAn option whose exercise price is below the last closing share price, so converting it pays. These are the options most likely to become new shares soon. supply · no stated strikes
0
Raises · last 12 months
4.8 qtrs
Cash cover · over 4 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 373.1M per ASX (delayed) (snapshot 28 Oct 2026).
325M350M375MDec 24Nov 25Oct 26Cash raise · 28 July 2025373.1M

Cash runway

4.8 qtrs OURS
More than four quarters of funding at the recent spend rate.
Funds operations to about Dec 2027 at the reported spend rate.
$139.6M cash after burn.
FILED 9.0 qtrs · $178.3M cash · quarter ended 30 June 2026
OURS our estimate, carried to todayOURSOur estimate for today. We take the cash in the company’s latest cash report, deduct spending since at its reported rate, and, for quarterly filers, add raises announced after it. It moves daily; announced money may not all be received yet.$178.3M cash at 30 Jun 2026 − $38.7M spent ($29.0M a quarter × 120 days) = $139.6M left → 4.8 qtrsFILED as the company reportedFILEDAs the company stated it in its latest cash report. Dated to the end of that period, it does not change until the next report.
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14 cash reports on record — Cash runway history
Cash, net spend and cover trend from every Appendix 4C/5B and 4D/4E on record up to 30 June 2026.
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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)

DateFormSecurityOn issue, per this filingSource
5 Aug 20263G · unquotedORDINARY FULLY PAID373.1MAppendix 3G
1 July 20262A · quoted issueCU6 : ORDINARY FULLY PAID373.1MAppendix 2A
27 May 20263G · unquotedORDINARY FULLY PAID373.0MAppendix 3G
20 May 20262A · quoted issueCU6 : ORDINARY FULLY PAID373.0MAppendix 2A
7 Apr 20263G · unquotedORDINARY FULLY PAID372.3MAppendix 3G
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55 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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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.

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Securities on issue, by class
How the share count and each option and rights class moved, month by month, with every number in a table.
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Capital raises

1 cash raise in the last 24 months · 0 in the last 12 months

$203.6M
Placement
At $4.20, 2.2% above the last close
28 July 2025 COMPLETE
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3 issues (incl. 2 exercises or conversions) 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 / 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.

No Appendix 3B in the last 12 months reports an issue under the 15% placement capacity (as at 2026-10-28).
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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

7.9%
Options & rights overhang · of current shares
—
In-the-money supply · no stated strikes
29.5M
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 29.5M of it converts on something else — a hurdle that may never be met, or terms the filing does not price.

CodeSecurityTypeExercise priceExpiryOn issueSource
CU6AAMOptionsPrice-triggered, no exercise price stated——29.5MFiling

“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.

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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

DateDirectorTypeSharesOptionsOtherValueSource
20 Apr 2026Michelle ParkerSell on-market————3Y notice
25 Nov 2025Alan John TaylorOther—1.3M—$2.0M3Y notice
25 Nov 2025Colin David BigginOther—487k—$788k3Y notice
25 Nov 2025Michelle ParkerOther—512k—$827k3Y notice
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7 notices on record — Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
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Ownership

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Top-20 holders & substantial holder notices
Top-20 register snapshot and substantial-holder movements, each linked to its source notice.
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Latest announcements

Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.