Companies / CUV

CLINUVEL PHARMACEUTICALS LIMITED

ASX:CUVPharmaceuticals, Biotechnology & Life Sciences
50.4M shares on issueASX (delayed) · snapshot 11 Sept 202651.3M fully diluted+1.8% if every option and right converts$8.01price · delayed$403.9Mmarket cap · indicative

Today’s holders own 98.3% of what they think they own, once every option and right converts.

Minimal
Dilution risk

No major dilution pressure signals in current disclosures

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runwayno data — no longer lodges quarterly cash reports (4C/5B)
Share-count growth (24m)0.6%
Raise cadence (24m)0 cash raises
Options & rights overhang1.8% of shares
In-the-money supplyno data — no exercise price on record
Pending proposed issuesnone

CLINUVEL PHARMACEUTICALS LIMITED's ordinary share count was 50M as of April 2026, an increase of 0.6% since April 2025. The company has not undertaken any capital raises in the past 24 months and has no proposed securities issues pending. Options and rights on issue could convert to 890,028 new shares, representing 1.8% of the current share count, with none currently in the money; an expiry date for these securities is not on record. The company no longer lodges quarterly cash reports, so no quarterly cash balance or funding-runway figure is disclosed.

AI-generated summary of this page's cited filings · updated 1 Sept 2026
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1.8%
Options & rights overhang
In-the-money supply · no stated strikes
0
Raises · last 12 months
Cash cover · stale filings

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 50.4M per ASX (delayed) (snapshot 11 Sept 2026).
50.1M50.2M50.3M50.4MDec 24Oct 25Sept 2650.4M

Cash runway

stale Last quarterly cash report is more than 12 months old (quarter ended 31 Dec 2022) — runway is not computed from stale filings.
$190.7M cash after burn from the quarter ended 31 Dec 2022. Filed with the quarterly report: $140.7M cash at quarter end (item 4.6). Our figure above carries the filed quarter-end balance forward at the reported spend rate and adds announced raise proceeds.
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1 quarter on record — Cash runway history
Quarterly cash, net spend and cover trend from every Appendix 4C/5B on record up to 31 Dec 2022.
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Issuance timeline

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

DateFormSecurityOn issue, per this filingSource
26 July 20263H · cancellationCUV : ORDINARY FULLY PAID50.4MAppendix 3H
7 May 20263G · unquotedORDINARY FULLY PAID50.4MAppendix 3G
16 Apr 20263H · cancellationCUV : ORDINARY FULLY PAID50.4MAppendix 3H
12 Apr 20262A · quoted issueCUV : ORDINARY FULLY PAID50.4MAppendix 2A
1 Jan 20263H · cancellationCUV : ORDINARY FULLY PAID50.2MAppendix 3H
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18 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

No equity raises in the last 24 months.
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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

1.8%
Options & rights overhang · of current shares
In-the-money supply · no stated strikes
890k
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 890k of it converts on something else — a hurdle that may never be met, or terms the filing does not price.

CodeSecurityTypeExercise priceExpiryOn issueSource
CUVAKPerformance rightsCondition-triggered890kFiling 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.

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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
3 Sept 2024Karen AgersborgBuy8k$128k3Y notice
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1 notice 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.