Companies / IOV

ION VIDEO LTD

ASX:IOVSoftware & Services
133.6M shares on issueASX (delayed) · snapshot 11 Sept 2026154.1M fully diluted+15.3% if every option and right converts$0.38price · delayed$50.8Mmarket cap · indicative

Today’s holders own 86.7% of what they think they own, once every option and right converts.

High
Dilution riskprovisional — limited history

Share count grew 44% in 24 months; runway 4–8 quarters; 2 cash raises in 24 months; since relisting as IOV; prior history under LNU not included

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway4.9 quarters of funding
Share-count growth (24m)43.8%since relisting as IOV; prior history under LNU not included
Raise cadence (24m)2 cash raisessince relisting as IOV; prior history under LNU not included
Options & rights overhang15.3% of shares
In-the-money supply9.4% of shares
Pending proposed issuesnone

ION VIDEO LTD notes it has traded under its current name only since December 2025, and figures cover the period since that rename. The company implemented a consolidation of approximately 1-for-100 shares in January 2026. Between March 2026 and August 2026, the ordinary share count changed by 43.8% to 134M shares. ION VIDEO LTD undertook two capital raises totalling A$1.5M in the past 24 months, with the most recent being a A$737K placement in November 2025. Currently, there is potential for 20M new shares to be issued from options, representing 15.3% of the current share count, with 9% of these in the money and the nearest expiry in June 2027. As of June 2026, the company held A$662K in cash, which provides approximately 4.9 quarters of funding cover. There are no pending proposed securities issues.

AI-generated summary of this page's cited filings · updated 11 Sept 2026
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15.3%
Options & rights overhang
9.4%
In-the-money supply
2
Raises · last 12 months
4.9 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. Shown since relisting as IOV (1 Dec 2025); prior history under LNU is not included. Adjusted for the 1-for-100 consolidation (16 Jan 2026). Latest count 133.6M per ASX (delayed) (snapshot 11 Sept 2026).
90M100M110M120M130MFeb 26May 26Sept 26133.6M

Cash runway

4.9 qtrs
More than four quarters of funding at the recent spend rate.
Funds operations to about Sept 2027 at the reported spend rate.
$661k 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: $771k cash at quarter end (item 4.6), 4.3 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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3 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
3 Aug 20262A · quoted issueIOV : ORDINARY FULLY PAID133.6MAppendix 2A
6 July 20262A · quoted issueIOV : ORDINARY FULLY PAID132.3MAppendix 2A
21 May 20262A · quoted issueIOV : ORDINARY FULLY PAID131.6MAppendix 2A
21 May 20262A · quoted issueIOV : ORDINARY FULLY PAID101.4MAppendix 2A
16 Apr 20263H · cancellationIOV : ORDINARY FULLY PAID101.1MAppendix 3H
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9 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

2 cash raises in the last 24 months · 2 in the last 12 months · counted since relisting as IOV (1 Dec 2025); prior history under LNU is not included

every 0.5 monthsaverage gap between raises
10.3 monthssince the most recent
20 Oct 2025 – 3 Nov 2025first to most recent in this window
$737k
Placement
3 Nov 2025 COMPLETE
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13 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.

2.7M of option supply could convert within 12 months — 2.0% of shares on issue
2.7M in the money, expiring in the window
Out-of-the-money options are excluded — at today’s price they expire rather than convert. So is condition-triggered supply, which has no expiry and no price, and convertibles that convert on their own terms rather than on a date.
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6 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.

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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

15.3%
Options & rights overhang · of current shares
9.4%
In-the-money supply · at current price
20.5M
Potential new shares
June 2027
Nearest expiry
What a price move would switch on
10.2M20.5M$0.38 now0.25× today ($0.10) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.19) — 4.0M of the priced supply in the money, 3.0% of shares on issue0.75× today ($0.29) — 12.6M of the priced supply in the money, 9.4% of shares on issue1× today ($0.38) — 12.6M of the priced supply in the money, 9.4% of shares on issue1.25× today ($0.47) — 12.8M of the priced supply in the money, 9.6% of shares on issue1.5× today ($0.57) — 12.8M of the priced supply in the money, 9.6% of shares on issue2× today ($0.76) — 12.8M of the priced supply in the money, 9.6% of shares on issue3× today ($1.14) — 12.8M of the priced supply in the money, 9.6% of shares on issue5× today ($1.90) — 12.8M of the priced supply in the money, 9.6% of shares on issue10× today ($3.80) — 12.8M of the priced supply in the money, 9.6% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.38 today, 12.6M securities are in the money (9.4% of shares on issue). No more priced supply until 1.25× today’s price, which takes it to 12.8M (9.6% 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.
  • 7.7M (37.4% of the supply above) states a nil exercise price — nothing is paid to convert it, so no share price switches it on or off. It is the flat band, and it is not part of the in-the-money figure.
CodeSecurityTypeExercise priceExpiryOn issueSource
IOVAAAOptionsPrice-triggered$0.2030 June 20272.7MFiling
IOVAYOptionsPrice-triggered$0.4030 June 2027260kFiling
IOVAAHOptionsPrice-triggered$0.2030 Sept 2027500kFiling
IOVAAKOptionsPrice-triggered$0.2030 Nov 20283.0MFiling
IOVAAIOptionsPrice-triggered$0.1030 Nov 20294.0MFiling
IOVAALOptionsPrice-triggered$0.2031 Dec 20292.3MFiling
IOVAABOptionsPrice-triggeredNil—150kFiling
IOVAAJOptionsPrice-triggeredNil—3.0MFiling
IOVAAEOptionsPrice-triggeredNil—4.5MFiling

“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.

3 classes ceased in the last 12 months and are 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.
  • IOVAACPrice-triggered240k securities → 016 Apr 2026 Appendix 2A
  • IOVAADPrice-triggered150k securities → 016 Apr 2026 Appendix 2A
  • IOVAAFPrice-triggered150k securities → 016 Apr 2026 Appendix 2A
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9 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
3 Aug 2026Anthony BakerOther233k233k—$93k3Y notice
3 Aug 2026Brent JonesOther187k——$75k3Y notice
21 May 2026Anthony BakerOther13.5M133k1.3M$13.7M3Y notice
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8 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

30 Aug 2026$PPreliminary Final Report
24 Aug 2026Initial Director's Interest Notice
24 Aug 2026Initial Director's Interest Notice
24 Aug 2026Final Director's Interest Notice
18 Aug 2026$PBoard Changes
3 Aug 2026$POperating runway extended
3 Aug 2026Change of Director's Interest Notice (A. Baker)
3 Aug 2026Change of Director's Interest Notice (B. Jones)
3 Aug 2026Cleansing Notice
3 Aug 2026Application for quotation of securities - IOV
23 July 2026ION Appoints Ceri Thomas to Advisory Board
9 July 2026Shareholder Q&A Session
6 July 2026$PQuarterly Activities/Appendix 4C Cash Flow Report
6 July 2026Cleansing Statement
6 July 2026Application for quotation of securities - IOV
22 June 2026Technology Showcase
11 June 2026Investor Presentation
31 May 2026Fourth Patent Lodged
26 May 2026Appointment of 3 Industry Leaders to Advisory Board
25 May 2026Change in substantial holding

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