Companies / DEM

DE.MEM LIMITED

ASX:DEMUtilities
327.3M shares on issueASX (delayed) · snapshot 11 Sept 2026332.5M fully diluted+1.6% if every option and right converts$0.11price · delayed$36.0Mmarket cap · indicative

Today’s holders own 98.4% of what they think they own, once every option and right converts.

Low
Dilution risk

Share count grew 12% in 24 months; 1 cash raise in 24 months; 1% of shares in the money

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runwaycash-generative (no net burn)
Share-count growth (24m)12.1%
Raise cadence (24m)1 cash raise
Options & rights overhang1.6% of shares
In-the-money supply0.6% of shares
Pending proposed issuesnone

DE.MEM LIMITED's ordinary share count grew 12.1% between August 2024 and August 2026, to 327M shares. In the past 24 months, the company raised capital once, a A$3.0M placement in October 2025. Options on issue could convert into 5M new shares, representing 1.6% of the current share count, of which 1% are in the money at the current share price; the nearest expiry is April 2027. As of the June 2026 quarter, DE.MEM LIMITED reported A$4.6M in available cash. The company reported non-negative net cash flow for the latest quarter, so no funding-runway figure is applicable. No proposed securities issues are currently pending.

AI-generated summary of this page's cited filings · updated 28 Aug 2026
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1.6%
Options & rights overhang
0.6%
In-the-money supply · most strikes not on record
1
Raises · last 12 months
No net burn
Cash cover · cash-generative

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 327.3M per ASX (delayed) (snapshot 11 Sept 2026).
300M310M320M330MDec 24Oct 25Sept 26Cash raise · 15 Oct 2025327.3M

Cash runway

The latest quarterly report shows no net cash burn, so there is no cash-out date.
$4.6M 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: $4.3M 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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15 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
12 Aug 20262A · quoted issueDEM : ORDINARY FULLY PAID327.3MAppendix 2A
17 June 20263G · unquotedDEM : ORDINARY FULLY PAID326.9MAppendix 3G
25 May 20263H · cancellationDEM : ORDINARY FULLY PAID326.9MAppendix 3H
4 May 20262A · quoted issueDEM : ORDINARY FULLY PAID326.9MAppendix 2A
1 May 20262A · quoted issueDEM : ORDINARY FULLY PAID326.7MAppendix 2A
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35 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 · 1 in the last 12 months

$3.0M
Placement
15 Oct 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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2 dated events on record — 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.

About 93% of the 15% placement capacity left — about 7% used by Appendix 3B filings in the last 12 months (estimate, as at 2026-09-12). The company has also placed under the additional 10% (Listing Rule 7.1A), which is not counted in this figure. Holder-approved issues and any later ratification are not deducted, so the true headroom can be higher.
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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

1.6%
Options & rights overhang · of current shares
0.6%
In-the-money supply · most strikes not on record
5.2M
Potential new shares
Apr 2027
Nearest expiry
What this supply is, and what converts it
  • Price-triggered2.3M · 0.7% of shares
    Options and warrants — they convert when the share price clears their exercise price.
  • Condition-triggered3.0M · 0.9% of shares
    Performance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.

Exercise price on record: 2.3M priced (of which 2.0M in the money), 3.0M 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.

What a price move would switch on
2.6M5.2M$0.11 now0.25× today ($0.03) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.06) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.08) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.11) — 2.0M of the priced supply in the money, 0.6% of shares on issue1.25× today ($0.14) — 2.0M of the priced supply in the money, 0.6% of shares on issue1.5× today ($0.17) — 2.3M of the priced supply in the money, 0.7% of shares on issue2× today ($0.22) — 2.3M of the priced supply in the money, 0.7% of shares on issue3× today ($0.33) — 2.3M of the priced supply in the money, 0.7% of shares on issue5× today ($0.55) — 2.3M of the priced supply in the money, 0.7% of shares on issue10× today ($1.10) — 2.3M of the priced supply in the money, 0.7% of shares on issue0.25×0.5×0.75×now1.25×1.5×10×

At $0.11 today, 2.0M securities are in the money (0.6% of shares on issue) — a floor, because an exercise price is on record for only 43.3% of this supply. No more priced supply until 1.5× today’s price, which takes it to 2.3M (0.7% 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.
  • 3.0M (56.7% 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.
CodeSecurityTypeExercise priceExpiryOn issueSource
DEMASOptionsPrice-triggered$0.146 Apr 2027250kFiling
DEMAVOptionsPrice-triggered$0.1016 June 20292.0MFiling
DEMAUPerformance rightsCondition-triggered3.0MFiling 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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3 option lines 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
7 Sept 2026Andreas Hendrik De WitBuy on-market500k500k$60k3Y notice
28 Aug 2026Andreas Hendrik De WitBuy on-market500k500k$58k3Y notice
25 June 2026Andreas Hendrik De WitBuy off-market5.0M500k3Y notice
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18 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.