Companies / ECS

ECS BOTANICS HOLDINGS LTD

ASX:ECSPharmaceuticals, Biotechnology & Life Sciences
1.60B shares on issueASX (delayed) · snapshot 11 Sept 20262.22B fully diluted+38.7% if every option and right converts$0.005price · delayed$8.8Mmarket cap · indicative

Today’s holders own 72.1% of what they think they own, once every option and right converts.

Low
Dilution risk

Share count grew 24% in 24 months; options/rights overhang 39% of shares; 1 cash raise in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runwaycash-generative (no net burn)
Share-count growth (24m)24.3%
Raise cadence (24m)1 cash raise
Options & rights overhang38.7% of shares
In-the-money supplyno data — an exercise price is on record for a minority of the supply
Pending proposed issuesnone

ECS BOTANICS HOLDINGS LTD's ordinary share count grew 24.3% between February 2024 and July 2026, to 1.60B shares. The company completed one capital raise in the past 24 months, a A$1.9M placement in November 2025. Options and rights on issue could convert into 620M new shares, representing 38.7% of the current share count, with the nearest expiry in July 2028. None of these options were in the money at the time of reporting. At the June 2026 quarter, the company reported A$1.9M in available cash, with a note indicating that a non-negative net cash flow for the quarter means no funding runway figure applies. No proposed securities issues are currently pending.

AI-generated summary of this page's cited filings · updated 7 Sept 2026
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38.7%
Options & rights overhang
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 1.60B per ASX (delayed) (snapshot 11 Sept 2026).
1.3B1.4B1.5B1.6BDec 24Oct 25Sept 26Cash raise · 10 Nov 20251.60B

Cash runway

The latest quarterly report shows no net cash burn, so there is no cash-out date.
$1.9M 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: $1.7M 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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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
1 July 20263H · cancellationECS : ORDINARY FULLY PAID1.60BAppendix 3H
1 July 20262A · quoted issueECS : ORDINARY FULLY PAID1.60BAppendix 2A
3 Mar 20263H · cancellationECS : ORDINARY FULLY PAID1.60BAppendix 3H
29 Jan 20262A · quoted issueECS : ORDINARY FULLY PAID1.60BAppendix 2A
20 Jan 20263G · unquotedECS : ORDINARY FULLY PAID1.60BAppendix 3G
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14 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

$1.9M
Placement
10 Nov 2025 COMPLETE
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1 raise 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 13% of the 15% placement capacity left — about 87% 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

38.7%
Options & rights overhang · of current shares
In-the-money supply · most strikes not on record
620.3M
Potential new shares
July 2028
Nearest expiry
What this supply is, and what converts it
  • Price-triggered597.8M · 37.3% of shares
    Options and warrants — they convert when the share price clears their exercise price.
    At least 577.8M of it states no exercise price — that much cannot be called in or out of the money.
  • Condition-triggered22.5M · 1.4% 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: 20.0M priced, 600.3M 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
310.1M620.3M$0.005 now0.25× today ($0.001) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.003) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.004) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.005) — 0 of the priced supply in the money, 0.0% of shares on issue1.25× today ($0.007) — 0 of the priced supply in the money, 0.0% of shares on issue1.5× today ($0.008) — 0 of the priced supply in the money, 0.0% of shares on issue2× today ($0.011) — 0 of the priced supply in the money, 0.0% of shares on issue3× today ($0.017) — 0 of the priced supply in the money, 0.0% of shares on issue5× today ($0.027) — 20.0M of the priced supply in the money, 1.2% of shares on issue10× today ($0.055) — 20.0M of the priced supply in the money, 1.2% of shares on issue0.25×0.5×0.75×now1.25×1.5×10×

An exercise price is on record for only 3.2% 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 $0.005 today. No more priced supply until today’s price, which takes it to 20.0M (1.2% 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.
  • 600.3M (96.8% 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
ECSOOptionsPrice-triggered29 July 2028577.8MFiling
ECSAIOptionsPrice-triggered$0.02431 Dec 202920.0MFiling
ECSAGPerformance rightsCondition-triggered22.5MFiling 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
1 July 2026Mrs Nan Maree SchoerieSell incentive3.8M$15k3Y notice
29 Jan 2026Jeremy Philip KingOther613Y notice
29 Jan 2026Mrs Nan Maree SchoerieOther67973Y notice
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4 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.