CURVEBEAM AI LIMITED
ASX:CVBHealth Care Equipment & ServicesToday’s holders own 96.2% of what they think they own, once every option and right converts.
Runway under 2 quarters; share count grew 132% in 24 months; 4 cash raises in 24 months
Between October 2024 and October 2026, its latest share-count filing, CURVEBEAM AI LIMITED's ordinary shares increased 131.5% to 867M. The company raised capital four times in the 24-month window for total proceeds of A$27.9M, most recently a Placement / Share Purchase Plan (SPP) combined raising A$7.4M in July 2026. Options and rights could convert into 34M new shares (3.9% of current shares), with none in the money; the nearest expiry is September 2027. The company has under 2 quarters of funding at the recent spend rate. No proposed securities issues (Appendix 3B) are pending.
Quick answers · 5
Why was CVB in a trading halt?
Curvebeam AI requested a trading halt on 12 Oct 2026, giving the reason "Pending release of an announcement regarding regulatory approval for HiRise in China". Trading was expected to resume 13 Oct 2026.
When did CVB last raise capital?
The last capital raise in Curvebeam AI's filings is Placement / Share Purchase Plan (SPP) combined of $7.4M announced 8 July 2026, one of 4 cash raises in 24 months.
How much cash does CVB have?
In its quarterly cash report for the quarter ended 30 Sept 2026, Curvebeam AI reported $5.8M of cash and estimated 4.3 quarters of funding available at its current rate of spending. That is the company's own estimate.
When do CVB's options expire?
Unexercised options and rights equal 3.9% of Curvebeam AI's shares on issue; the nearest expiry is Sept 2027.
How much has CVB's share count grown?
Curvebeam AI has 867.1M shares on issue as at 28 Oct 2026, up 131.5% 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 |
|---|---|---|---|---|
| 26 Oct 2026 | 3G · unquoted | CVB : ORDINARY FULLY PAID | 867.1M | Appendix 3G |
| 9 Oct 2026 | 2A · quoted issue | CVB : ORDINARY FULLY PAID | 867.1M | Appendix 2A |
| 9 Oct 2026 | 3G · unquoted | CVB : ORDINARY FULLY PAID | 854.9M | Appendix 3G |
| 30 Sept 2026 | 2A · quoted issue | CVB : ORDINARY FULLY PAID | 846.0M | Appendix 2A |
| 30 Sept 2026 | 2A · quoted issue | CVB : ORDINARY FULLY PAID | 845.3M | 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
4 cash raises in the last 24 months · 3 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
- Price-triggered27.5M · 3.2% of sharesOptions and warrants — they convert when the share price clears their exercise price.At least 12.3M of it states no exercise price — that much cannot be called in or out of the money.
- Condition-triggered6.5M · 0.7% of sharesPerformance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.
Exercise price on record: 15.2M priced, 18.8M 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.
An exercise price is on record for only 44.7% of this supply, so what is in the money today is not a measurement — the tile above reads “—” for that reason. Of the priced supply, 0 is in the money at $0.019 today. No more priced supply until 3× today’s price, which takes it to 5.0M (0.6% 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.
- 18.8M (55.3% 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.
- 10.2M more carries an exercise price above ten times today’s — off the right of this axis, and in every total on this page.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| CVBAV | Options | Price-triggered | $0.040 | 30 Sept 2027 | 5.0M | Filing |
| CVBAM | Options | Price-triggered | $0.32 | 11 May 2029 | 360k | Filing |
| CVBAL | Options | Price-triggered | $0.54 | 11 May 2029 | 7.8M | Filing |
| CVBAN | Options | Price-triggered | $0.79 | 16 Aug 2029 | 2.1M | Filing |
| CVBAQ | Rights | Condition-triggered | — | — | 6.5M | Filing Meeting |
4.0M of the 6.5M granted 26 Oct 2026: conditions on continued service. Terms | ||||||
| CVBAR | Options | Price-triggered, no exercise price stated | — | — | 12.3M | 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.
A line under a class is a grant of rights into it, as read from the company’s own filings: its size, any share-price or market-cap hurdles, and the other kinds of condition it carries. A grant is often only part of the class, so its terms say nothing about the rest. Whether a hurdle has been met is not shown.
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.
- CVBAOPrice-triggered47k securities → 023 Sept 2026 Appendix 2A
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 2 Sept 2026 | Arun Bahadur Singh | Buy placement | 102.5M | — | — | $2.0M | 3Y notice |
| 28 Aug 2026 | Gregory Wayne Brown | Buy placement | 15.0M | — | — | $300k | 3Y notice |
| 1 July 2026 | Arun Bahadur Singh | Buy | 20k | — | — | $3k | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.