Companies / HIQ

HITIQ LIMITED

ASX:HIQHealth Care Equipment & Services
1.16B shares on issueAppendix 2A · as of 10 Sept 20261.48B fully diluted+27.8% if every option and right converts$0.005price · delayed$5.7Mmarket cap · indicative

Today’s holders own 78.2% of what they think they own, once every option and right converts.

Very high
Dilution risk

Runway under 2 quarters; share count grew 229% in 24 months; 12 cash raises in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway0.7 quarters of funding
Share-count growth (24m)229.3%
Raise cadence (24m)12 cash raises
Options & rights overhang27.8% of shares
In-the-money supply0.0% of shares
Pending proposed issuesopen proposed issue (Appendix 3B)

HITIQ LIMITED's ordinary share count grew 229.3% between January 2024 and September 2026, reaching 1.16B shares. In the past 24 months, the company undertook 12 capital raises totalling A$14.6M, with the most recent being a A$1.4M placement in June 2026. Options and rights on issue could convert into 323M new shares, representing 27.8% of the current share count, with the nearest expiry in June 2027. As of the June 2026 quarter, the company reported A$836K in available cash, covering approximately 0.8 quarters of its recent expenditure. No proposed securities issues are currently pending.

AI-generated summary of this page's cited filings · updated 11 Sept 2026
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27.8%
Options & rights overhang
0.0%
In-the-money supply
4
Raises · last 12 months
0.7 qtrs
Cash cover · under 2 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 1.16B per Appendix 2A (filed 10 Sept 2026).
0.50B0.75B1.00BDec 24Oct 25Sept 26Cash raise · 24 June 2026Cash raise · 16 Apr 2026Cash raise · 1 Dec 2025Cash raise · 29 Sept 2025Cash raise · 14 Aug 2025Cash raise · 13 June 2025Cash raise · 1 May 2025Cash raise · 1 May 2025Cash raise · 24 Apr 2025Cash raise · 11 Apr 2025Cash raise · 10 Apr 2025Cash raise · 16 Dec 2024

Cash runway

0.7 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
The latest quarterly report funded operations to about Aug 2026 — that date has passed, and no later report is on record.
$824k 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: $169k cash at quarter end (item 4.6), 0.2 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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15 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
10 Sept 20262A · quoted issueHIQ : ORDINARY FULLY PAID1.16BAppendix 2A
10 Sept 20263G · unquotedHIQ : ORDINARY FULLY PAID1.13BAppendix 3G
26 Aug 20262A · quoted issueHIQ : ORDINARY FULLY PAID1.13BAppendix 2A
24 Aug 20263G · unquotedHIQ : ORDINARY FULLY PAID936.3MAppendix 3G
6 Aug 20262A · quoted issueHIQ : ORDINARY FULLY PAID936.3MAppendix 2A
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49 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

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

every 1.8 monthsaverage gap between raises
2.6 monthssince the most recent
16 Dec 2024 – 24 June 2026first to most recent in this window
$1.4M
Placement
24 June 2026 COMPLETE
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20 raises 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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2 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 13% of the 15% placement capacity left — about 87% used by Appendix 3B filings in the last 12 months (estimate, as at 2026-09-12). One filing in the window states more under 7.1 than the whole allowance and is not counted, so usage may be higher than this. 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

27.8%
Options & rights overhang · of current shares
0.0%
In-the-money supply · at current price
322.6M
Potential new shares
June 2027
Nearest expiry
What this supply is, and what converts it
  • Price-triggered298.5M · 25.8% of shares
    Options and warrants — they convert when the share price clears their exercise price.
    At least 98.5M of it states no exercise price — that much cannot be called in or out of the money.
  • Condition-triggered24.1M · 2.1% of shares
    Performance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.
  • Converts on terms1 · 0.0% of shares
    Convertibles with no exercise price — they convert on their own terms, so they are shares in all but name.

Exercise price on record: 200.0M priced, 122.6M 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
161.3M322.6M$0.005 now0.25× today ($0.001) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.003) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.004) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.005) — 0 of the priced supply in the money, 0.0% of shares on issue1.25× today ($0.006) — 0 of the priced supply in the money, 0.0% of shares on issue1.5× today ($0.007) — 200.0M of the priced supply in the money, 17.3% of shares on issue2× today ($0.010) — 200.0M of the priced supply in the money, 17.3% of shares on issue3× today ($0.015) — 200.0M of the priced supply in the money, 17.3% of shares on issue5× today ($0.025) — 200.0M of the priced supply in the money, 17.3% of shares on issue10× today ($0.050) — 200.0M of the priced supply in the money, 17.3% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.005 today, 0 securities are in the money (0.0% of shares on issue). No more priced supply until 1.5× today’s price, which takes it to 200.0M (17.3% 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.
  • 122.6M (38.0% 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
—OptionsPrice-triggered$0.00730 June 2027200.0MFiling
HIQOAOptionsPrice-triggered—30 Dec 202898.5MFiling
HIQATNotesConverts on terms——1Filing
HIQAUPerformance rightsCondition-triggered——24.1MFiling 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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4 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
10 Sept 2026EARL EDDINGSOther placement3.8M714k5.3M$714k3Y notice
26 Aug 2026MATTHEW CLAYWORTHOther198.4M———3Y notice
6 Aug 2026MATTHEW CLAYWORTHOther incentive477k———3Y notice
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29 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

10 Sept 2026Change of Director's Interest Notice
10 Sept 2026Notification regarding unquoted securities - HIQ
10 Sept 2026Cleansing Notice
10 Sept 2026Application for quotation of securities - HIQ
7 Sept 2026Results of General Meeting
2 Sept 2026Change in substantial holding
2 Sept 2026Change of Director's Interest Notice
28 Aug 2026Cleansing Notice
28 Aug 2026Corporate Governance Statement
28 Aug 2026Appendix 4G
28 Aug 2026$PAppendix 4E and Annual Report
26 Aug 2026Application for quotation of securities - HIQ
26 Aug 2026Harmil Angel Converts $1 Million of Convertible Note
24 Aug 2026Notification regarding unquoted securities - HIQ
19 Aug 2026Proposed issue of securities - HIQ
19 Aug 2026Defence Appointment & US Research Collaboration
13 Aug 2026Change of Director's Interest Notice
6 Aug 2026Letter to Shareholders, Notice of GM & Proxy Form
6 Aug 2026Cleansing Notice
6 Aug 2026Application for quotation of securities - HIQ

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