HOT CHILI LIMITED
ASX:HCHMaterialsToday’s holders own 97.0% of what they think they own, once every option and right converts.
Share count grew 34% in 24 months; runway 4–8 quarters; 2 cash raises in 24 months
HOT CHILI LIMITED's ordinary share count grew 34.0% between September 2024 and August 2026, reaching 203M shares. The company completed two capital raises in the past 24 months, totalling A$54.2M, with the most recent being a A$40.0M placement in January 2026. Options on issue could convert to 6M new shares, representing 3.1% of the current share count, with the nearest expiry in August 2028; none are currently in the money. As of the June 2026 quarter, HOT CHILI LIMITED held A$38.6M in available cash, covering approximately 4.0 quarters of operations. There are no pending proposed securities issues.
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 |
|---|---|---|---|---|
| 7 Aug 2026 | 2A · quoted issue | HCH : ORDINARY FULLY PAID | 202.9M | Appendix 2A |
| 27 July 2026 | 3H · cancellation | HCH : ORDINARY FULLY PAID | 202.9M | Appendix 3H |
| 16 July 2026 | 2A · quoted issue | HCH : ORDINARY FULLY PAID | 202.9M | Appendix 2A |
| 18 June 2026 | 2A · quoted issue | HCH : ORDINARY FULLY PAID | 202.7M | Appendix 2A |
| 5 June 2026 | 2A · quoted issue | HCH : ORDINARY FULLY PAID | 202.2M | Appendix 2A |
Capital raises
2 cash raises in the last 24 months · 1 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
- Price-triggered1.2M · 0.6% of sharesOptions and warrants — they convert when the share price clears their exercise price.
- Condition-triggered5.1M · 2.5% of sharesPerformance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.
Exercise price on record: 1.2M priced, 5.1M 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.
An exercise price is on record for only 19.1% 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 $1.74 today. No more priced supply until 1.25× today’s price, which takes it to 1.2M (0.6% 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.
- 5.1M (80.9% 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 |
|---|---|---|---|---|---|---|
| HCHAG | Options | Price-triggered | $2.15 | 12 Aug 2028 | 1.2M | Filing |
| HCHAW | Rights | Condition-triggered | — | — | 420k | Filing Meeting |
| HCHAJ | Performance rights | Condition-triggered | — | — | 4.7M | Filing 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.
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 13 Aug 2026 | Christian Ervin EASTERDAY | Buy on-market | 21k | — | — | — | 3Y notice |
| 18 June 2026 | Christian Ervin EASTERDAY | Sell incentive | — | 276k | — | — | 3Y notice |
| 9 Apr 2026 | Roberto de Andraca Adriasola | Buy on-market | 50k | — | — | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.