Companies / HPC

THE HYDRATION PHARMACEUTICALS COMPANY LIMITED

ASX:HPCHousehold & Personal Products
538.0M shares on issueASX (delayed) · snapshot 11 Sept 2026677.4M fully diluted+25.9% if every option and right converts$0.003price · delayed$1.6Mmarket cap · indicative

Today’s holders own 79.4% of what they think they own, once every option and right converts.

Very high
Dilution risk

Runway under 2 quarters; share count grew 73% in 24 months; 4 cash raises in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway-0.6 quarters of funding
Share-count growth (24m)73.4%measured to the latest Appendix 2A, not to the share count above
Raise cadence (24m)4 cash raises
Options & rights overhang25.9% of shares
In-the-money supplyno data — an exercise price is on record for a minority of the supply
Pending proposed issuesnone

THE HYDRATION PHARMACEUTICALS COMPANY LIMITED's ordinary share count grew 73.4% between May 2024 and June 2026, reaching 538M shares. In the past 24 months, the company raised capital four times for total disclosed proceeds of A$1.7M, most recently a A$392K placement in June 2026. Options and rights on issue could convert into 139M new shares, representing 25.9% of the current share count, with the nearest expiry in December 2026. At the June 2026 quarter, the company reported A$-292K in available cash, covering -0.6 quarters of its recent expenditure rate. No proposed securities issues are pending.

AI-generated summary of this page's cited filings · updated 11 Sept 2026
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25.9%
Options & rights overhang
—
In-the-money supply · most strikes not on record
1
Raises · last 12 months
-0.6 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 538.0M per ASX (delayed) (snapshot 11 Sept 2026).
300M400M500MDec 24Oct 25Sept 26Cash raise · 11 June 2026Cash raise · 8 July 2025Cash raise · 19 Mar 2025Cash raise · 18 Mar 2025538.0M

Cash runway

-0.6 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
$-297k 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: $643k cash at quarter end (item 4.6), 1.3 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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12 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
22 June 20262A · quoted issueHPC : ORDINARY FULLY PAID528.8MAppendix 2A
22 June 20262A · quoted issueHPC : ORDINARY FULLY PAID440.0MAppendix 2A
7 Jan 20263H · cancellationHPC : ORDINARY FULLY PAID430.8MAppendix 3H
6 Oct 20253H · cancellationHPC : ORDINARY FULLY PAID430.8MAppendix 3H
10 July 20252A · quoted issueHPC : ORDINARY FULLY PAID430.8MAppendix 2A

Each filing states the count for the security it names, as at its own reference date and in the units of that filing — so the newest row (528.8M) need not equal the current count above (538.0M).

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17 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

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

every 4.9 monthsaverage gap between raises
3.1 monthssince the most recent
18 Mar 2025 – 11 June 2026first to most recent in this window
$392k
Placement
11 June 2026 COMPLETE
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4 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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12 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 16% of the 15% placement capacity left — about 84% 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

25.9%
Options & rights overhang · of current shares
—
In-the-money supply · most strikes not on record
139.4M
Potential new shares
Dec 2026
Nearest expiry
What a price move would switch on
69.7M139.4M$0.0030 now0.25× today ($0.0008) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.0015) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.0023) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.0030) — 0 of the priced supply in the money, 0.0% of shares on issue1.25× today ($0.0037) — 0 of the priced supply in the money, 0.0% of shares on issue1.5× today ($0.0045) — 0 of the priced supply in the money, 0.0% of shares on issue2× today ($0.0060) — 0 of the priced supply in the money, 0.0% of shares on issue3× today ($0.0090) — 0 of the priced supply in the money, 0.0% of shares on issue5× today ($0.0150) — 0 of the priced supply in the money, 0.0% of shares on issue10× today ($0.0300) — 16.6M of the priced supply in the money, 3.1% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

An exercise price is on record for only 28.3% 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 $0.0030 today. No more priced supply until 10× today’s price, which takes it to 16.6M (3.1% 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.
  • 99.9M (71.7% 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.
  • 22.8M 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
HPCAAAOptionsPrice-triggered$0.291 Dec 2026306kFiling
HPCAHOptionsPrice-triggered$0.291 Dec 20262.0MFiling
HPCAABOptionsPrice-triggered$0.441 Dec 202662kFiling
HPCAACOptionsPrice-triggered$0.581 Dec 202662kFiling
HPCAADOptionsPrice-triggered$0.731 Dec 202662kFiling
HPCAQOptionsPrice-triggered$0.4722 July 2027107kFiling
HPCAVOptionsPrice-triggered$0.04329 Aug 202814.7MFiling
HPCAOOptionsPrice-triggered$1.3414 Sept 2028957kFiling
HPCAIOptionsPrice-triggered$0.4513 Jan 20292.6MFiling
HPCAAEOptionsPrice-triggered$0.0161 Mar 202916.6MFiling
HPCAJOptionsPrice-triggered$0.4530 Apr 2029179kFiling
HPCAKOptionsPrice-triggered$0.452 May 2029713kFiling
HPCARWarrantsPrice-triggered——99.9MFiling
HPCAPOptionsPrice-triggered$0.45—1.1MFiling

“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.

1 class ceased in the last 12 months and is not counted above
The company’s own Appendix 2A restates each of these at zero. They are excluded from the overhang, the in-the-money supply and every figure on this page. Each count is the filing’s own count of securities in the class, not a share count — a 2A never states what one security converts into.
  • HPCASCondition-triggered1.1M securities → 06 Oct 2025 Appendix 2A
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14 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
31 Dec 2025Adem KarafiliSell2.6M75k——3Y notice
31 Dec 2025Margaret HardinSell372k54k——3Y notice
31 Dec 2025Nicholas BerrySell73.1M52.4M——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

2 Sept 2026Letter to Shareholders regarding EGM
2 Sept 2026Notice of Extraordinary General Meeting/Proxy Form
31 Aug 2026$PAppendix 4D and FY26 Half Year Financial Report
31 July 2026$PQ2 FY26 Quarterly Activities Report (App 4C)
1 July 2026Initial Director's Interest Notices
1 July 2026Final Director's Interest Notices
30 June 2026Change in substantial holding
26 June 2026Becoming a substantial holder
25 June 2026Change in substantial holding
25 June 2026Change in substantial holding
25 June 2026Becoming a substantial holder
22 June 2026Completion of Share Issue and Cleansing Statement
22 June 2026Application for quotation of securities - HPC
22 June 2026Application for quotation of securities - HPC
17 June 2026Proposed issue of securities - HPC
14 June 2026$PCapital raising, board renewal and management changes
29 May 2026Results of Meeting
29 May 20262026 AGM CEO Presentation
27 May 2026Notice of initial substantial holder
18 May 2026Ceasing to be a substantial holder

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