Companies / IMR

IMRICOR MEDICAL SYSTEMS INC.

ASX:IMRHealth Care Equipment & Services
358.7M shares on issueASX (delayed) · snapshot 28 Oct 2026400.0M fully diluted+11.5% if every option and right converts$1.34price · delayed$466.2MMarket capAt the previous close. On a day the price moves, shares × today’s price will differ. Prices delayed.

Today’s holders own 89.7% of what they think they own, once every option and right converts.

Low
Dilution risk

Share count grew 33% in 24 months; 2 cash raises in 24 months; options/rights overhang 12% of shares

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway8.2 quarters of funding
Share-count growth (24m)32.7%
Raise cadence (24m)2 cash raises
Options & rights overhang11.5% of shares
In-the-money supplyno data — no exercise price on record
Pending proposed issuesnone

IMRICOR MEDICAL SYSTEMS INC.'s ordinary share count grew 32.7% between September 2024 and September 2026, its latest share-count filing, to 359M shares. The company raised capital twice in the period for total disclosed proceeds of A$130.0M, most recently a A$60.0M placement in May 2026. Options and rights on issue could convert into 41M new shares, equal to 11.5% of the current share count, none of which are in the money at the current share price; the nearest expiry date is not disclosed as no filing on record states an expiry date for these securities. The company has more than 4 quarters of funding at the recent spend rate. No proposed securities issues are currently pending.

AI-generated summary of this page's cited filings · updated 17 Oct 2026
Quick answers · 4

When did IMR last raise capital?

The last capital raise in Imricor Medical Systems's filings is Placement of $60.0M announced 4 May 2026, one of 2 cash raises in 24 months.

How much placement capacity does IMR have left?

About 33% of the 15% placement capacity left, about 67% 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 many options and rights does IMR have outstanding?

Unexercised options and rights equal 11.5% of Imricor Medical Systems's shares on issue.

How much has IMR's share count grown?

Imricor Medical Systems has 358.7M shares on issue as at 28 Oct 2026, up 32.7% over 24 months according to its Appendix 2A filings.

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11.5%
Options & rights overhang
—
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 · no stated strikes
1
Raises · last 12 months
8.2 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 358.7M per ASX (delayed) (snapshot 28 Oct 2026).
275M300M325M350MDec 24Nov 25Oct 26Cash raise · 4 May 2026Cash raise · 20 Mar 2025358.7M

Cash runway

8.2 qtrs OURS
More than four quarters of funding at the recent spend rate.
Funds operations to about Nov 2028 at the reported spend rate.
$75.8M cash after burn.
FILED $88.1M 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.$88.1M cash at 30 Jun 2026 − $12.3M spent ($9.3M a quarter × 120 days) = $75.8M left → 8.2 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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15 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
13 Oct 20263H · cancellationIMR : CDI 1:1 US PERSON PROHIBITED EXCLUDING QIB358.7MAppendix 3H
12 Oct 20263G · unquotedIMR : CDI 1:1 US PERSON PROHIBITED EXCLUDING QIB358.7MAppendix 3G
18 Sept 20262A · quoted issueIMR : CDI 1:1 US PERSON PROHIBITED EXCLUDING QIB358.7MAppendix 2A
14 July 20263G · unquotedIMR : CDI 1:1 US PERSON PROHIBITED EXCLUDING QIB358.5MAppendix 3G
13 July 20262A · quoted issueIMR : CDI 1:1 US PERSON PROHIBITED EXCLUDING QIB358.5MAppendix 2A
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42 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

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

every 13.5 monthsaverage gap between raises
5.8 monthssince the most recent
20 Mar 2025 – 4 May 2026first to most recent in this window
$60.0M
Placement
At $1.85, 6.3% below the last close
4 May 2026 COMPLETE
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7 issues (incl. 5 exercises or conversions) 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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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 33% of the 15% placement capacity left — about 67% used by Appendix 3B filings in the last 12 months (estimate, as at 2026-10-28). Shares issued with holder approval are not added to the base, 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

11.5%
Options & rights overhang · of current shares
—
In-the-money supply · no stated strikes
41.3M
Potential new shares
—
Nearest expiry
What a price move would switch on

No option supply on record carries an exercise price to pay, so no share price switches any of it on. All 41.3M of it converts on something else — a hurdle that may never be met, or terms the filing does not price.

CodeSecurityTypeExercise priceExpiryOn issueSource
IMRAUWarrantsPrice-triggered, no exercise price stated——5.1MFiling
IMRAJOptionsPrice-triggered, no exercise price stated——36.2MFiling

“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.

Also on issue: convertible debt, not counted above
These are debt. Each count is the filing’s own count of notes or units, not a share count, and how many shares they would become depends on terms we don’t hold in full (face value, interest, the conversion formula). So they are left out of the options overhang, the in-the-money supply and the parts of the risk score built on them. Placement capacity is different: the listing rules count a note issue at the most shares it can become.
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3 option and convertible-debt 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
14 May 2026Mr Aldo DentiOther23k———3Y notice
14 May 2026Mr Mark TibblesOther34k———3Y notice
14 May 2026Mr Peter McGregorOther————3Y notice
14 May 2026Mr Steve WedanOther—423k——3Y notice
14 May 2026Ms Anita MessalOther27k———3Y notice
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11 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.