EMU NL
ASX:EMUMaterialsToday’s holders own 67.0% of what they think they own, once every option and right converts.
Share count grew 223% in 24 months; runway 2–4 quarters; 7 cash raises in 24 months
EMU NL's ordinary share count grew 223.1% between July 2024 and July 2026, reaching 405M shares. The company raised capital seven times in the past 24 months for total disclosed proceeds of A$10.6M, with the most recent being a Non-Renounceable Rights Issue in March 2026 that raised A$3.0M. Options and rights on issue could convert into 199M new shares, representing 49.2% of the current share count; the nearest expiry date for these is October 2026. As of the June 2026 quarter, EMU NL reported A$2.6M in available cash, sufficient for approximately 3.9 quarters of operations. No proposed securities issues are currently pending.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 1 July 2026 | 2A · quoted issue | EMU : ORDINARY FULLY PAID | 405.5M | Appendix 2A |
| 1 July 2026 | 3G · unquoted | ORDINARY FULLY PAID | 399.4M | Appendix 3G |
| 3 June 2026 | 2A · quoted issue | EMU : ORDINARY FULLY PAID | 399.4M | Appendix 2A |
| 3 June 2026 | 3G · unquoted | ORDINARY FULLY PAID | 387.7M | Appendix 3G |
| 12 May 2026 | 2A · quoted issue | EMU : ORDINARY FULLY PAID | 387.7M | Appendix 2A |
Capital raises
7 cash raises in the last 24 months · 3 in the last 12 months
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.
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.
Pending proposed issues
Options & convertible securities
At $0.016 today, 0 securities are in the money (0.0% of shares on issue). At double today’s price it is 119.3M (29.4% 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.
- 10.6M (5.3% 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.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| EMUAD | Options | Price-triggered | $0.10 | 31 Oct 2026 | 33.5M | Filing |
| EMUAF | Options | Price-triggered | $0.030 | 31 Jan 2027 | 119.3M | Filing |
| EMUAY | Options | Price-triggered | $0.050 | 28 Sept 2030 | 35.9M | Filing |
| EMUAL | Options | Price-triggered | — | — | 10.6M | 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.
- EMUAQCondition-triggered1.6M securities → 022 Sept 2025 Appendix 2A
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 22 Apr 2026 | Doug Jon Grewar | Other entitlement/SPP | 381k | 381k | — | $10k | 3Y notice |
| 22 Apr 2026 | John Hugh Anderson | Other entitlement/SPP | 800k | 800k | — | $20k | 3Y notice |
| 29 Sept 2025 | Adrian Christopher Griffin | Other entitlement/SPP | 27k | 27k | — | $451 | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.