Companies / DXN

DXN LIMITED

ASX:DXNSoftware & Services
376.8M shares on issueASX (delayed) · snapshot 28 Oct 2026385.9M fully diluted+2.4% if every option and right converts$0.28price · delayed$111.2MMarket capAt the previous close. On a day the price moves, shares × today’s price will differ. Prices delayed.

Today’s holders own 97.6% of what they think they own, once every option and right converts.

Low
Dilution risk

Share count grew 61% 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)61.3%
Raise cadence (24m)1 cash raise
Options & rights overhang2.4% of shares
In-the-money supply1.0% of shares
Pending proposed issuesnone

DXN LIMITED's ordinary share count grew 61.3% between October 2024 and October 2026, its latest share-count filing. That percentage change is adjusted for a share consolidation; the post-consolidation count stands at 377M shares. The company raised capital once in that period, a A$7.0M placement in June 2026. Options and rights on issue could convert into 9M new shares, equal to 2.4% of the current share count, of which 1% are in the money; the nearest expiry falls in December 2026. The latest cash report (June 2026) shows non-negative net cash flow, so no funding-runway figure is provided. No proposed securities issues are pending.

AI-generated summary of this page's cited filings · updated 19 Oct 2026
Quick answers · 4

When did DXN last raise capital?

The last capital raise in DXN's filings is Placement of $7.0M announced 9 June 2026, one of 1 cash raises in 24 months.

How much placement capacity does DXN have left?

About 53% of the 15% placement capacity left, about 47% used in 12 months (estimate). Under ASX Listing Rule 7.1 a company may place up to 15% of its shares in 12 months without shareholder approval.

When do DXN's options expire?

Unexercised options and rights equal 2.4% of DXN's shares on issue; the nearest expiry is Dec 2026.

How much has DXN's share count grown?

DXN has 376.8M shares on issue as at 28 Oct 2026, up 61.3% over 24 months according to its Appendix 2A filings.

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2.4%
Options & rights overhang
1.0%
In the moneyAn option whose exercise price is below the last closing share price, so converting it pays. These are the options most likely to become new shares soon. supply
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 376.8M per ASX (delayed) (snapshot 28 Oct 2026).
250M300M350MDec 24Nov 25Oct 26Cash raise · 9 June 2026376.8M

Cash runway

—
The latest quarterly cash report shows no net cash burn, so there is no cash-out date.
$13.2M cash after burn.
FILED $11.0M cash · quarter ended 30 June 2026
OURS our estimate, carried to todayOURSOur estimate for today. We take the cash in the company’s latest cash report, deduct spending since at its reported rate, and, for quarterly filers, add raises announced after it. It moves daily; announced money may not all be received yet.FILED as the company reportedFILEDAs the company stated it in its latest cash report. Dated to the end of that period, it does not change until the next report.
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14 cash reports on record — Cash runway history
Cash, net spend and cover trend from every Appendix 4C/5B and 4D/4E on record up to 30 June 2026.
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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)

DateFormSecurityOn issue, per this filingSource
12 Oct 20262A · quoted issueDXN : ORDINARY FULLY PAID376.8MAppendix 2A
1 Oct 20262A · quoted issueDXN : ORDINARY FULLY PAID375.4MAppendix 2A
7 Sept 20262A · quoted issueDXN : ORDINARY FULLY PAID375.2MAppendix 2A
26 Aug 20262A · quoted issueDXN : ORDINARY FULLY PAID375.0MAppendix 2A
24 Aug 20262A · quoted issueDXN : ORDINARY FULLY PAID370.1MAppendix 2A
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24 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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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.

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Securities on issue, by class
How the share count and each option and rights class moved, month by month, with every number in a table.
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Capital raises

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

$7.0M
Placement
At 13.0c, 25.7% below the last close
9 June 2026 COMPLETE
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5 issues (incl. 4 exercises or conversions) 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.

2.6M of option supply could convert within 12 months — 0.7% of shares on issue
2.6M in the money, expiring in the window
Out-of-the-money options are excluded — at today’s price they expire rather than convert. So is condition-triggered supply, which has no expiry and no price, and convertibles that convert on their own terms rather than on a date.
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3 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 / 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.

About 53% of the 15% placement capacity left — about 47% used by Appendix 3B filings in the last 12 months (estimate, as at 2026-10-28). Shares issued with holder approval are not added to the base, 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

2.4%
Options & rights overhang · of current shares
1.0%
In-the-money supply · at current price
9.1M
Potential new shares
Dec 2026
Nearest expiry
What a price move would switch on
4.6M9.1M$0.28 now0.25× today ($0.07) — 1.3M of the priced supply in the money, 0.4% of shares on issue0.5× today ($0.14) — 3.9M of the priced supply in the money, 1.0% of shares on issue0.75× today ($0.21) — 3.9M of the priced supply in the money, 1.0% of shares on issue1× today ($0.28) — 3.9M of the priced supply in the money, 1.0% of shares on issue1.25× today ($0.36) — 3.9M of the priced supply in the money, 1.0% of shares on issue1.5× today ($0.43) — 3.9M of the priced supply in the money, 1.0% of shares on issue2× today ($0.57) — 3.9M of the priced supply in the money, 1.0% of shares on issue3× today ($0.85) — 3.9M of the priced supply in the money, 1.0% of shares on issue5× today ($1.42) — 3.9M of the priced supply in the money, 1.0% of shares on issue10× today ($2.85) — 3.9M of the priced supply in the money, 1.0% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.28 today, 3.9M securities are in the money (1.0% of shares on issue). No price up to ten times today’s switches on any more priced supply.

  • 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.
  • 5.2M (56.9% of the supply above) states a nil exercise price — nothing is paid to convert it, so no share price switches it on or off. It is the flat band, and it is not part of the in-the-money figure.
CodeSecurityTypeExercise priceExpiryOn issueSource
DXNAQOptionsPrice-triggered$0.146 Dec 20262.6MFiling
DXNAPOptionsPrice-triggered$0.03022 Jan 20281.3MFiling
DXNASOptionsPrice-triggeredNil14 May 20315.2MFiling

“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.

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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
4 June 2026Brendan PowerSell on-market————3Y notice
4 June 2026Myo OhnSell on-market1.1M——$130k3Y notice
14 May 2026Shalini LagruttaOther186k5.2M——3Y notice
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14 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 28 Oct 2026.