DRONESHIELD LIMITED

ASX:DROCapital Goods

925.2M shares on issueASX (delayed) · snapshot 11 Sept 2026938.1M fully diluted+1.4% if every option and right converts$1.70price · delayed$1.57Bmarket cap · indicative

Today’s holders own 98.6% of what they think they own, once every option and right converts.

Low

Dilution risk

Share count grew 20% in 24 months

Absolute levels — not a ranking against other companies.

Cash runwaycash-generative (no net burn)

Share-count growth (24m)20.5%

Raise cadence (24m)0 cash raises

Options & rights overhang1.4% of shares

In-the-money supplyno data — no exercise price on record

Pending proposed issuesnone

DRONESHIELD LIMITED's ordinary share count increased by 20.5% between August 2024 and August 2026, reaching 925M shares. The company has not raised capital in the past 24 months. Options and rights on issue could convert into 13M new shares, representing 1.4% of the current share count, with none currently in the money; an expiry date for these securities has not been recorded. As of the March 2026 quarter, the company held A$246.4M in available cash, and reported non-negative net cash flow, meaning no funding runway figure applies. No proposed securities issues are pending.

AI-generated summary of this page's cited filings · updated 11 Sept 2026

Get told when this changes

Set up alerts

Daily email alerts cover risk-level moves, new raises, pending proposed issues and option expiries for the companies you follow.

1.4%

Options & rights overhang

—

In-the-money supply · no stated strikes

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 925.2M per ASX (delayed) (snapshot 11 Sept 2026).

Cash runway

—

The latest quarterly report shows no net cash burn, so there is no cash-out date.

$246.5M cash after burn from the quarter ended 31 Mar 2026 · Runway is computed from Appendix 4C/5B filings and announced raise proceeds. Filed with the quarterly report: $222.8M 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.

Free account

13 quarters on record — Cash runway history

Quarterly cash, net spend and cover trend from every Appendix 4C/5B on record up to 31 Mar 2026.

Free account: 2 full company unlocks every month, no card.

Create free account See plans

Issuance timeline

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

Date	Form	Security	On issue, per this filing	Source
27 Aug 2026	2A · quoted issue	DRO : ORDINARY FULLY PAID	925.2M	Appendix 2A
10 July 2026	3H · cancellation	DRO : ORDINARY FULLY PAID	924.1M	Appendix 3H
29 June 2026	3G · unquoted	ORDINARY FULLY PAID	924.1M	Appendix 3G
26 June 2026	2A · quoted issue	DRO : ORDINARY FULLY PAID	924.1M	Appendix 2A
16 June 2026	2A · quoted issue	DRO : ORDINARY FULLY PAID	924.1M	Appendix 2A

Free account

70 filings on record — Full issuance history

Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).

Free account: 2 full company unlocks every month, no card.

Create free account See plans

Capital raises

No equity raises in the last 24 months.

Free account

9 raises on record — Full raise history

Issue price, shares issued, brokers and stated purpose for every raise on record.

Free account: 2 full company unlocks every month, no card.

Create free account See plans

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.

Free account

Forward supply calendar

Option expiries and proposed issues on one forward timeline, with the securities each could add.

Free account: 2 full company unlocks every month, no card.

Create free account See plans

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).

Free account

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.

Free account: 2 full company unlocks every month, no card.

Create free account See plans

Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

1.4%

Options & rights overhang · of current shares

—

In-the-money supply · no stated strikes

12.8M

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 12.8M of it converts on something else — a hurdle that may never be met, or terms the filing does not price.

Code	Security	Type	Exercise price	Expiry	On issue	Source
DROAH	Options	Price-triggered	—	—	12.8M	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.

Free account

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.

Free account: 2 full company unlocks every month, no card.

Create free account See plans

Director dealings

Date	Director	Type	Shares	Options	Other	Value	Source
26 June 2026	Angus Bean	Other	500k	829k	—	—	3Y notice
23 Jan 2026	Oleg Vornik	Other	—	709k	193k	—	3Y notice
6 Nov 2025	Jethro Marks	Sell on-market	1.5M	—	—	$4.9M	3Y notice