Companies / HE8

HELIOS ENERGY LTD

ASX:HE8Energy
3.88B shares on issueASX (delayed) · snapshot 28 Oct 20263.93B fully diluted+1.1% if every option and right converts$0.001price · delayed$3.9MMarket capAt the previous close. On a day the price moves, shares × today’s price will differ. Prices delayed.

Today’s holders own 99.0% of what they think they own, once every option and right converts.

Moderate
Dilution risk

Share count grew 41% in 24 months; 4 cash raises in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway12+ quarters of funding
Share-count growth (24m)41.4%
Raise cadence (24m)4 cash raises
Options & rights overhang1.1% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

HELIOS ENERGY LTD's ordinary share count grew 41.4% between March 2025 and June 2026, its latest share-count filing, to 3.88B shares. The company raised capital four times in the past 24 months for total disclosed proceeds of A$8.4M, most recently a A$1.5M placement in May 2026. Options and rights on issue could convert into 41M new shares, equal to 1.1% of the current share count, none are in the money; the nearest expiry falls in May 2028. The company has more than 4 quarters of funding at the recent spend rate. No proposed securities issues are pending.

AI-generated summary of this page's cited filings · updated 17 Oct 2026
Quick answers · 5

When did HE8 last raise capital?

The last capital raise in Helios Energy's filings is Placement of $1.5M announced 20 May 2026, one of 4 cash raises in 24 months.

How much placement capacity does HE8 have left?

About 17% of the 15% placement capacity left, about 83% used in 12 months (estimate). Under ASX Listing Rule 7.1 a company may place up to 15% of its shares in 12 months without shareholder approval.

How much cash does HE8 have?

In its quarterly cash report for the quarter ended 30 June 2026, Helios Energy reported $1.7M of cash and estimated 31.0 quarters of funding available at its current rate of spending. That is the company's own estimate.

When do HE8's options expire?

Unexercised options and rights equal 1.1% of Helios Energy's shares on issue; the nearest expiry is May 2028.

How much has HE8's share count grown?

Helios Energy has 3.88B shares on issue as at 28 Oct 2026, up 41.4% over 24 months according to its Appendix 2A filings.

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1.1%
Options & rights overhang
0.0%
In the moneyAn option whose exercise price is below the last closing share price, so converting it pays. These are the options most likely to become new shares soon. supply
1
Raises · last 12 months
12+ 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 3.88B per ASX (delayed) (snapshot 28 Oct 2026).
2.75B3.00B3.25B3.50B3.75BDec 24Nov 25Oct 26Cash raise · 20 May 2026Cash raise · 14 Apr 2025Cash raise · 13 Mar 2025Cash raise · 7 Feb 20253.88B

Cash runway

12+ qtrs OURS
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.
$1.7M cash after burn.
FILED 31.0 qtrs · $1.7M cash · quarter ended 30 June 2026
OURS our estimate, carried to todayOURSOur estimate for today. We take the cash in the company’s latest cash report, deduct spending since at its reported rate, and, for quarterly filers, add raises announced after it. It moves daily; announced money may not all be received yet.$1.7M cash at 30 Jun 2026 − $0.0M spent ($56k a quarter × 120 days) = $1.7M left → 12+ qtrsFILED as the company reportedFILEDAs the company stated it in its latest cash report. Dated to the end of that period, it does not change until the next report.
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11 cash reports on record — Cash runway history
Cash, net spend and cover trend from every Appendix 4C/5B and 4D/4E on record up to 30 June 2026.
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Issuance timeline

Latest 5 filings (Appendix 2AThe form a company lodges to have new securities quoted on the ASX. It restates how many of each class are on issue. quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityOn issue, per this filingSource
10 July 20263H · cancellationHE8 : ORDINARY FULLY PAID3.88BAppendix 3H
3 June 20262A · quoted issueHE8 : ORDINARY FULLY PAID3.88BAppendix 2A
20 Feb 20262A · quoted issueHE8 : ORDINARY FULLY PAID3.35BAppendix 2A
5 Jan 20263H · cancellationHE8 : ORDINARY FULLY PAID3.30BAppendix 3H
23 Dec 20252A · quoted issueHE8 : ORDINARY FULLY PAID3.26BAppendix 2A
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15 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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Securities on issue over time

Ordinary shares and every option and rights class, month by month over two years. The top edge is the fully diluted count.

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Securities on issue, by class
How the share count and each option and rights class moved, month by month, with every number in a table.
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Capital raises

4 cash raises in the last 24 months · 1 in the last 12 months

every 5.1 monthsaverage gap between raises
5.3 monthssince the most recent
7 Feb 2025 – 20 May 2026first to most recent in this window
$1.5M
Placement
20 May 2026
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6 issues (incl. 1 exercise or conversion) 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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1 dated event 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 / 7.1ARule 7.1 lets a company issue up to 15% of its shares in 12 months without a shareholder vote. Rule 7.1A adds 10% for smaller companies whose holders approve it. allows 15% of ordinary securities in any 12 months, and every Appendix 3BNotice that a company proposes to issue new securities, such as a placement. The securities are not on issue until a later filing confirms it. states how much of it an issue uses.

About 17% of the 15% placement capacity left — about 83% used by Appendix 3B filings in the last 12 months (estimate, as at 2026-10-28). The company has also placed under the additional 10% (Listing Rule 7.1A), which is not counted in this figure. Holders passed a ratification we could not match to exactly one filing, or whose number of shares the result does not state, and shares issued with holder approval are not added to the base, so the true headroom may 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

1.1%
Options & rights overhang · of current shares
0.0%
In-the-money supply · at current price
41.0M
Potential new shares
May 2028
Nearest expiry
What a price move would switch on
20.5M41.0M$0.0010 now0.25× today ($0.0003) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.0005) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.0008) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.0010) — 0 of the priced supply in the money, 0.0% of shares on issue1.25× today ($0.0013) — 0 of the priced supply in the money, 0.0% of shares on issue1.5× today ($0.0015) — 0 of the priced supply in the money, 0.0% of shares on issue2× today ($0.0020) — 0 of the priced supply in the money, 0.0% of shares on issue3× today ($0.0030) — 0 of the priced supply in the money, 0.0% of shares on issue5× today ($0.0050) — 0 of the priced supply in the money, 0.0% of shares on issue10× today ($0.0100) — 0 of the priced supply in the money, 0.0% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.0010 today, 0 securities are in the money (0.0% of shares on issue). No price up to ten times today’s switches on any more priced supply.

  • 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.
  • 41.0M more carries an exercise price above ten times today’s — off the right of this axis, and in every total on this page.
CodeSecurityTypeExercise priceExpiryOn issueSource
HE8AQOptionsPrice-triggered$0.02027 May 202841.0MFiling

“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. For what expires soon across other listed companies, see the options expiry calendar.

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1 option line 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
15 May 2026John Charles CathcartSell on-market1.4M———3Y notice
19 Dec 2025Mark Hamish LochtenbergOther72.5M———3Y notice
7 May 2025John Charles CathcartBuy entitlement/SPP1.4M———3Y notice
7 May 2025Philipp KinBuy entitlement/SPP3.6M———3Y notice
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5 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 28 Oct 2026.