Companies / FRX

FLEXIROAM LIMITED

ASX:FRXTelecommunication Services
1.52B shares on issueAppendix 2A · as of 5 Feb 20251.82B fully diluted+20.0% if every option and right converts$0.022price · delayed$33.4Mmarket cap · indicative

Today’s holders own 83.3% of what they think they own, once every option and right converts.

Moderate
Dilution risk

Share count grew 92% in 24 months; options/rights overhang 20% of shares; 18% 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)92.3%
Raise cadence (24m)1 cash raise
Options & rights overhang20.0% of shares
In-the-money supply17.7% of shares
Pending proposed issuesnone

FLEXIROAM LIMITED's ordinary share count grew 92.3% between July 2024 and February 2025, reaching 1.52B shares. In the past 24 months, the company undertook one capital raise, a A$3.7M Non-Renounceable Issue in February 2025. Options and rights on issue could convert into 303M new shares, representing 20.0% of current shares, with 18% in the money. The nearest expiry date for these options is June 2028. As of June 2026, the company reported A$3.7M in available cash, and indicated that it had non-negative net cash flow in its latest reported quarter, therefore no funding-runway figure applies. No proposed securities issues are currently pending.

AI-generated summary of this page's cited filings · updated 31 Aug 2026
Get told when this changes
Set up alerts
Daily email alerts cover risk-level moves, new raises, pending proposed issues and option expiries for the companies you follow.
20.0%
Options & rights overhang
17.7%
In-the-money supply
0
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 1.52B per Appendix 2A (filed 5 Feb 2025).
0.75B1.00B1.25B1.50BDec 24Oct 25Sept 26Cash raise · 6 Feb 20251.52B

Cash runway

—
The latest quarterly report shows no net cash burn, so there is no cash-out date.
$3.7M 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: $3.5M 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.
Free account
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.
Free account: 2 full company unlocks every month, no card.
Create free accountSee plans

Issuance timeline

Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityOn issue, per this filingSource
3 July 20263H · cancellationFRX : ORDINARY FULLY PAID1.52BAppendix 3H
12 Dec 20253H · cancellationFRX : ORDINARY FULLY PAID1.52BAppendix 3H
5 Dec 20253G · unquotedFRX : ORDINARY FULLY PAID1.52BAppendix 3G
5 Dec 20253G · unquotedFRX : ORDINARY FULLY PAID1.52BAppendix 3G
5 Dec 20253G · unquotedFRX : ORDINARY FULLY PAID1.52BAppendix 3G
Free account
18 filings on record — Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
Free account: 2 full company unlocks every month, no card.
Create free accountSee plans

Capital raises

1 cash raise in the last 24 months · 0 in the last 12 months

$3.7M
Non-Renounceable Issue
6 Feb 2025
Free account
1 raise on record — Full raise history
Issue price, shares issued, brokers and stated purpose for every raise on record.
Free account: 2 full company unlocks every month, no card.
Create free accountSee plans

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.

Free account
10 dated events on record — Forward supply calendar
Option expiries and proposed issues on one forward timeline, with the securities each could add.
Free account: 2 full company unlocks every month, no card.
Create free accountSee plans

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).
Free account
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.
Free account: 2 full company unlocks every month, no card.
Create free accountSee plans

Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

20.0%
Options & rights overhang · of current shares
17.7%
In-the-money supply · at current price
303.4M
Potential new shares
June 2028
Nearest expiry
What a price move would switch on
151.7M303.4M$0.022 now0.25× today ($0.005) — 40.0M of the priced supply in the money, 2.6% of shares on issue0.5× today ($0.011) — 140.0M of the priced supply in the money, 9.2% of shares on issue0.75× today ($0.017) — 268.0M of the priced supply in the money, 17.7% of shares on issue1× today ($0.022) — 268.0M of the priced supply in the money, 17.7% of shares on issue1.25× today ($0.027) — 268.0M of the priced supply in the money, 17.7% of shares on issue1.5× today ($0.033) — 268.0M of the priced supply in the money, 17.7% of shares on issue2× today ($0.044) — 291.8M of the priced supply in the money, 19.2% of shares on issue3× today ($0.066) — 291.8M of the priced supply in the money, 19.2% of shares on issue5× today ($0.110) — 297.6M of the priced supply in the money, 19.6% of shares on issue10× today ($0.220) — 303.4M of the priced supply in the money, 20.0% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.022 today, 268.0M securities are in the money (17.7% of shares on issue). At double today’s price it is 291.8M (19.2% 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.
CodeSecurityTypeExercise priceExpiryOn issueSource
FRXAKOptionsPrice-triggered$0.03521 June 20285.4MFiling
FRXALOptionsPrice-triggered$0.07521 June 20284.1MFiling
FRXAMOptionsPrice-triggered$0.1221 June 20284.1MFiling
FRXAROptionsPrice-triggered$0.03515 May 202918.4MFiling
FRXASOptionsPrice-triggered$0.07515 May 20291.7MFiling
FRXATOptionsPrice-triggered$0.1215 May 20291.7MFiling
FRXAYOptionsPrice-triggered$0.0055 Dec 203040.0MFiling
FRXAXOptionsPrice-triggered$0.0145 Dec 203028.0MFiling
FRXAWOptionsPrice-triggered$0.00726 Nov 2035100.0MFiling
FRXAZOptionsPrice-triggered$0.0145 Dec 2035100.0MFiling

“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.

Free account
10 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.
Free account: 2 full company unlocks every month, no card.
Create free accountSee plans

Director dealings

DateDirectorTypeSharesOptionsOtherValueSource
5 Dec 2025Kenn Tat (Jefrey) OngOther309.3M40.0M——3Y notice
1 Sept 2025Kenn Tat (Jefrey) OngBuy on-market10.9M———3Y notice
6 Feb 2025Jefrey OngBuy entitlement/SPP240.0M———3Y notice
Free account
4 notices on record — Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
Free account: 2 full company unlocks every month, no card.
Create free accountSee plans

Ownership

Free account
Top-20 holders & substantial holder notices
Top-20 register snapshot and substantial-holder movements, each linked to its source notice.
Free account: 2 full company unlocks every month, no card.
Create free account

Latest announcements

8 Sept 2026Change in substantial holding
6 Sept 2026$PFY26 Full Year Results Presentation
3 Sept 2026$PFlexiRoam and Dragonpass to Embed AI eSIM in Hotel Rewards
28 Aug 2026Corporate Governance Statement and Appendix 4G
28 Aug 2026$PAnnual Report and Appendix 4E
3 Aug 2026$PEtihad Airways Selects FlexiRoam as Connectivity Partner
31 July 2026$PQ4 FY26 Update and Appendix 4C
23 July 2026$PFlexiRoam to Power Payment Terminals in Australia
13 July 2026$PFlexiRoam and Global Telco to Target Global Enterprises
3 July 2026Notification of cessation of securities - FRX
26 June 2026Change in substantial holding
25 May 2026Details of Auditor Appointment/Resignation
10 May 2026$PFlexiRoam Secures Full Rollout with Tune Protect
28 Apr 2026$PQ3 FY26 Update and Appendix 4C
17 Mar 2026$PAirline Expansion and mPOS Partnership Win
2 Mar 2026H1 FY26 Half Year Results Presentation
27 Feb 2026$PH1 FY26 Results - First Half-Year Profit, Record Cash Flow
27 Feb 2026$PAppendix 4D and Half-Year Report
4 Feb 2026$PPresentation - AI Powered Global Connectivity Platform
29 Jan 2026$PQ2 FY26 Update and Appendix 4C

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