Companies / EMV

EMVISION MEDICAL DEVICES LTD

ASX:EMVHealth Care Equipment & Services
93.0M shares on issueASX (delayed) · snapshot 11 Sept 2026101.0M fully diluted+8.7% if every option and right converts$1.75price · delayed$162.2Mmarket cap · indicative

Today’s holders own 92.0% of what they think they own, once every option and right converts.

Low
Dilution risk

Runway 4–8 quarters; share count grew 9% in 24 months; 1 cash raise in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway4.1 quarters of funding
Share-count growth (24m)8.7%
Raise cadence (24m)1 cash raise
Options & rights overhang8.7% of shares
In-the-money supplyno data — an exercise price is on record for a minority of the supply
Pending proposed issuesnone

EMVISION MEDICAL DEVICES LTD's ordinary share count increased by 8.7% between September 2024 and May 2026, reaching 93M shares. In the past 24 months, the company completed one capital raise, a placement and SPP in September 2025, which brought in A$14.0M. Options and rights on issue could convert to 8M new shares, representing 8.7% of the current share count, with the nearest expiry in June 2027; none of these options are currently in the money. As of the June 2026 quarter, the company reported A$14.3M in available cash, covering approximately 4.1 quarters of its operating expenses. There are no proposed securities issues pending.

AI-generated summary of this page's cited filings · updated 11 Sept 2026
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8.7%
Options & rights overhang
In-the-money supply · most strikes not on record
1
Raises · last 12 months
4.1 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 93.0M per ASX (delayed) (snapshot 11 Sept 2026).
85.0M87.5M90.0M92.5MDec 24Oct 25Sept 26Cash raise · 12 Sept 202593.0M

Cash runway

4.1 qtrs
More than four quarters of funding at the recent spend rate.
Funds operations to about June 2027 at the reported spend rate.
$14.2M 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: $17.1M cash at quarter end (item 4.6), 13.4 qtrs of funding on the company’s own estimate. Our figure above carries the filed quarter-end balance forward at the reported spend rate and adds announced raise proceeds.
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11 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
11 Sept 20263G · unquotedEMV : ORDINARY FULLY PAID93.0MAppendix 3G
11 May 20262A · quoted issueEMV : ORDINARY FULLY PAID93.0MAppendix 2A
10 Apr 20263G · unquotedEMV : ORDINARY FULLY PAID92.9MAppendix 3G
6 Feb 20263G · unquotedEMV : ORDINARY FULLY PAID92.9MAppendix 3G
2 Jan 20263H · cancellationEMV : ORDINARY FULLY PAID92.9MAppendix 3H
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23 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

$14.0M
Placement and SPP
12 Sept 2025
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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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13 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 58% of the 15% placement capacity left — about 42% 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

8.7%
Options & rights overhang · of current shares
In-the-money supply · most strikes not on record
8.1M
Potential new shares
June 2027
Nearest expiry
What this supply is, and what converts it
  • Price-triggered7.4M · 8.0% of shares
    Options and warrants — they convert when the share price clears their exercise price.
    At least 5.4M of it states no exercise price — that much cannot be called in or out of the money.
  • Condition-triggered656k · 0.7% 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: 2.0M priced, 6.1M 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
4.0M8.1M$1.75 now0.25× today ($0.44) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.87) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($1.31) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($1.75) — 0 of the priced supply in the money, 0.0% of shares on issue1.25× today ($2.18) — 0 of the priced supply in the money, 0.0% of shares on issue1.5× today ($2.62) — 800k of the priced supply in the money, 0.9% of shares on issue2× today ($3.49) — 2.0M of the priced supply in the money, 2.2% of shares on issue3× today ($5.24) — 2.0M of the priced supply in the money, 2.2% of shares on issue5× today ($8.73) — 2.0M of the priced supply in the money, 2.2% of shares on issue10× today ($17.45) — 2.0M of the priced supply in the money, 2.2% of shares on issue0.25×0.5×0.75×now1.25×1.5×10×

An exercise price is on record for only 24.8% 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 $1.75 today. No more priced supply until 1.5× today’s price, which takes it to 800k (0.9% 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.
  • 6.1M (75.2% 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
EMVAOPerformance rightsCondition-triggered30 June 202727kFiling Meeting
EMVOOptionsPrice-triggered3 Nov 20275.4MFiling
EMVAWOptionsPrice-triggered$3.1531 Dec 2027600kFiling
EMVAUPerformance rightsCondition-triggered30 June 20282kFiling Meeting
EMVAAAOptionsPrice-triggered$3.0031 Dec 2028200kFiling
EMVAXOptionsPrice-triggered$2.6011 Feb 2029800kFiling
EMVAVPerformance rightsCondition-triggered30 June 202913kFiling Meeting
EMVAAOptionsPrice-triggered$2.686 Aug 2029400kFiling
EMVAZPerformance rightsCondition-triggered30 June 203032kFiling Meeting
EMVAYPerformance rightsCondition-triggered11 Aug 2030150kFiling Meeting
EMVABPerformance rightsCondition-triggered6 Feb 2031100kFiling Meeting
EMVACPerformance rightsCondition-triggered10 Apr 203160kFiling Meeting
Performance rightsCondition-triggered30 June 2031273kFiling 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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13 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
22 Apr 2026Carmel MonaghanBuy on-market10k200k$18k3Y notice
31 Dec 2025Mr John KeepSell300k3Y notice
18 Nov 2025Carmel MonaghanOther200k3Y 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

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