Companies / ELS

ELSIGHT LIMITED

ASX:ELSTechnology Hardware & Equipment
222.6M shares on issueASX (delayed) · snapshot 11 Sept 2026261.0M fully diluted+17.2% if every option and right converts$4.87price · delayed$1.08Bmarket cap · indicative

Today’s holders own 85.3% of what they think they own, once every option and right converts.

Moderate
Dilution risk

Share count grew 47% in 24 months; options/rights overhang 17% of shares; 11% of shares in the money

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway78.9 quarters of funding
Share-count growth (24m)47.1%
Raise cadence (24m)1 cash raise
Options & rights overhang17.2% of shares
In-the-money supply11.2% of shares
Pending proposed issuesnone

ELSIGHT LIMITED's ordinary share count grew by 47.1% between July 2024 and September 2026, reaching 223M shares. The company completed one capital raise in the past 24 months, a A$60.0M placement in July 2025. Options and rights on issue represent potential for 38M new shares, which is 17.2% of the current share count, with 11% of these in the money and the nearest expiry date in December 2026. As of the June 2026 quarter, ELSIGHT LIMITED held A$91.3M in cash, covering approximately 78.9 quarters of operations. No proposed securities issues are currently pending.

AI-generated summary of this page's cited filings · updated 11 Sept 2026
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17.2%
Options & rights overhang
11.2%
In-the-money supply
0
Raises · last 12 months
78.9 qtrs
Cash cover · over 4 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 222.6M per ASX (delayed) (snapshot 11 Sept 2026).
150M175M200M225MDec 24Oct 25Sept 26Cash raise · 18 July 2025222.6M

Cash runway

78.9 qtrs
More than four quarters of funding at the recent spend rate.
More than three years of funding at the reported spend rate — far enough out that a dated estimate would be false precision.
$91.2M 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: $92.2M 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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13 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
8 Sept 20262A · quoted issueELS : ORDINARY FULLY PAID222.6MAppendix 2A
21 Aug 20262A · quoted issueELS : ORDINARY FULLY PAID222.4MAppendix 2A
17 Aug 20262A · quoted issueELS : ORDINARY FULLY PAID222.4MAppendix 2A
31 July 20262A · quoted issueELS : ORDINARY FULLY PAID222.0MAppendix 2A
9 July 20263G · unquotedELS : ORDINARY FULLY PAID221.8MAppendix 3G
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55 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 · 0 in the last 12 months

$60.0M
Placement
18 July 2025 COMPLETE
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19 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.

5.5M of option supply could convert within 12 months — 2.5% of shares on issue
5.5M 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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33 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.

No Appendix 3B in the last 12 months reports an issue under the 15% placement capacity (as at 2026-09-12).
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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

17.2%
Options & rights overhang · of current shares
11.2%
In-the-money supply · at current price
38.4M
Potential new shares
Dec 2026
Nearest expiry
What a price move would switch on
19.2M38.4M$4.87 now0.25× today ($1.22) — 17.0M of the priced supply in the money, 7.7% of shares on issue0.5× today ($2.44) — 24.9M of the priced supply in the money, 11.2% of shares on issue0.75× today ($3.65) — 24.9M of the priced supply in the money, 11.2% of shares on issue1× today ($4.87) — 24.9M of the priced supply in the money, 11.2% of shares on issue1.25× today ($6.09) — 37.4M of the priced supply in the money, 16.8% of shares on issue1.5× today ($7.30) — 38.4M of the priced supply in the money, 17.2% of shares on issue2× today ($9.74) — 38.4M of the priced supply in the money, 17.2% of shares on issue3× today ($14.61) — 38.4M of the priced supply in the money, 17.2% of shares on issue5× today ($24.35) — 38.4M of the priced supply in the money, 17.2% of shares on issue10× today ($48.70) — 38.4M of the priced supply in the money, 17.2% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $4.87 today, 24.9M securities are in the money (11.2% of shares on issue). No more priced supply until 1.25× today’s price, which takes it to 37.4M (16.8% 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.
CodeSecurityTypeExercise priceExpiryOn issueSource
ELSAVOptionsPrice-triggered$0.4414 Dec 2026100kFiling
ELSAAQOptionsPrice-triggered$0.3322 Apr 2027600kFiling
ELSAAPOptionsPrice-triggered$0.4122 Apr 2027600kFiling
ELSAAROptionsPrice-triggered$0.4222 Apr 2027600kFiling
ELSAAOOptionsPrice-triggered$0.4522 Apr 2027775kFiling
ELSAASOptionsPrice-triggered$0.5522 Apr 2027175kFiling
ELSAATOptionsPrice-triggered$0.6522 Apr 2027175kFiling
ELSAAUOptionsPrice-triggered$0.7522 Apr 2027175kFiling
ELSAYOptionsPrice-triggered$0.4325 Apr 2027100kFiling
ELSAABOptionsPrice-triggered$0.3730 Aug 20272.2MFiling
ELSAAMOptionsPrice-triggered$0.4030 Sept 2027667kFiling
ELSAADOptionsPrice-triggered$0.3718 Jan 20285kFiling
ELSAAFOptionsPrice-triggered$0.3626 Mar 20292.8MFiling
ELSAAIOptionsPrice-triggered$0.6021 Aug 2029750kFiling
ELSAAJOptionsPrice-triggered$0.9021 Aug 20291.0MFiling
ELSAAKOptionsPrice-triggered$1.3021 Aug 20291.0MFiling
ELSAALOptionsPrice-triggered$1.8021 Aug 20291.3MFiling
ELSAAHOptionsPrice-triggered$0.3822 Aug 2029105kFiling
ELSAANOptionsPrice-triggered$0.3525 Feb 2030375kFiling
ELSAAVOptionsPrice-triggered$0.3531 Mar 20301.3MFiling
ELSAAWOptionsPrice-triggered$0.3720 Apr 2030470kFiling
ELSAAXOptionsPrice-triggered$0.6027 May 20302.0MFiling
ELSAAYOptionsPrice-triggered$0.9027 May 20302.0MFiling
ELSAAZOptionsPrice-triggered$1.3027 May 20302.0MFiling
ELSABAOptionsPrice-triggered$1.8027 May 20302.0MFiling
ELSABBOptionsPrice-triggered$1.6728 July 2030370kFiling
ELSABCOptionsPrice-triggered$1.9521 Aug 2030390kFiling
ELSABDOptionsPrice-triggered$1.8922 Sept 2030842kFiling
ELSAAOptionsPrice-triggered$5.2925 Mar 20313.4MFiling
ELSACOptionsPrice-triggered$5.6025 Mar 20311.2MFiling
ELSAEOptionsPrice-triggered$7.1425 June 2031955kFiling
ELSADOptionsPrice-triggered$5.652 Apr 20331.3MFiling
ELSABOptionsPrice-triggered$5.652 Apr 20336.7MFiling

“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.

2 classes ceased in the last 12 months and are not counted above
The company’s own Appendix 2A restates each of these at zero. They are excluded from the overhang, the in-the-money supply and every figure on this page. Each count is the filing’s own count of securities in the class, not a share count — a 2A never states what one security converts into.
  • ELSAWPrice-triggered160k securities → 08 Sept 2026 Appendix 2A
  • ELSAXPrice-triggered365k securities → 017 Aug 2026 Appendix 2A
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33 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
12 June 2026Ami ShafranOther223k390k——3Y notice
12 June 2026David FurstenbergOther223k390k——3Y notice
12 June 2026Howard Andrew DigbyOther1.9M300k——3Y notice
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6 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

10 Sept 2026Ceasing to be a substantial holder
9 Sept 2026Becoming a substantial holder
8 Sept 2026Cleansing Notice
8 Sept 2026Application for quotation of securities - ELS
3 Sept 2026Becoming a substantial holder
28 Aug 2026Ceasing to be a substantial holder
27 Aug 2026Becoming a substantial holder
25 Aug 2026$PAppendix 4D & Half Year Financial Report
21 Aug 2026Ceasing to be a substantial holder
21 Aug 2026Cleansing Notice
21 Aug 2026Application for quotation of securities - ELS
20 Aug 2026Becoming a substantial holder
19 Aug 2026Ceasing to be a substantial holder
17 Aug 2026Cleansing Notice
17 Aug 2026Application for quotation of securities - ELS
14 Aug 2026Becoming a substantial holder
13 Aug 2026Ceasing to be a substantial holder
12 Aug 2026Becoming a substantial holder
11 Aug 2026Ceasing to be a substantial holder
10 Aug 2026Becoming a substantial holder

Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.