Companies / CU6

CLARITY PHARMACEUTICALS LTD

ASX:CU6Pharmaceuticals, Biotechnology & Life Sciences
373.1M shares on issueASX (delayed) · snapshot 11 Sept 2026402.6M fully diluted+7.9% if every option and right converts$2.24price · delayed$835.7Mmarket cap · indicative

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

Low
Dilution risk

Share count grew 18% in 24 months; runway 4–8 quarters; 1 cash raise in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway5.3 quarters of funding
Share-count growth (24m)18.2%
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 grew 18.2% between September 2024 and July 2026, reaching 373M shares. In the past 24 months, the company has undertaken one capital raise, a placement in July 2025 that generated A$203.6M. Options and rights on issue could convert into 29M new shares, representing 7.9% of the current share count, though none are currently in the money. An expiry date for these securities is not on record. As of the June 2026 quarter, the company reported A$154.7M in available cash, providing approximately 5.3 quarters of operational runway. No proposed securities issues are currently pending.

AI-generated summary of this page's cited filings · updated 11 Sept 2026
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7.9%
Options & rights overhang
In-the-money supply · no stated strikes
0
Raises · last 12 months
5.3 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 11 Sept 2026).
325M350M375MDec 24Oct 25Sept 26Cash raise · 28 July 2025373.1M

Cash runway

5.3 qtrs
More than four quarters of funding at the recent spend rate.
Funds operations to about Oct 2027 at the reported spend rate.
$154.4M 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: $178.3M cash at quarter end (item 4.6), 9.0 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.
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14 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.
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Issuance timeline

Latest 5 filings (Appendix 2A 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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Capital raises

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

$203.6M
Placement
28 July 2025 COMPLETE
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3 raises 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 allows 15% of ordinary securities in any 12 months, and every Appendix 3B 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 2026-09-12).
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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-triggered29.5MFiling

“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.

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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-market3Y notice
25 Nov 2025Alan John TaylorOther1.3M$2.0M3Y notice
25 Nov 2025Colin David BigginOther487k$788k3Y notice
25 Nov 2025Michelle ParkerOther512k$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 12 Sept 2026.