Companies / KAM

K2 ASSET MANAGEMENT HOLDINGS LTD

ASX:KAMFinancial Services
241.1M shares on issueASX (delayed) · snapshot 11 Sept 2026278.1M fully diluted+15.3% if every option and right converts$0.050price · delayed$12.1Mmarket cap · indicative

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

Low
Dilution risk

Options/rights overhang 15% of shares

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runwayno data — not a quarterly (4C/5B) cash filer
Share-count growth (24m)0.0%no issuance filings since 2024
Raise cadence (24m)0 cash raises
Options & rights overhang15.3% of shares
In-the-money supplyno data — an exercise price is on record for a minority of the supply
Pending proposed issuesnone

K2 ASSET MANAGEMENT HOLDINGS LTD has not lodged any share-issuance (Appendix 2A) filings on record in the past 24 months. The company has not raised capital in the past 24 months. Options and rights on issue could convert into 37M new shares, representing 15.3% of current shares outstanding, none of which are in the money at present; the nearest expiry is November 2029. No quarterly cash report is on record, so no cash balance or funding runway figure is disclosed. There are no pending proposed securities issues.

AI-generated summary of this page's cited filings · updated 29 Aug 2026
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15.3%
Options & rights overhang
In-the-money supply · most strikes not on record
0
Raises · last 12 months
Cash cover · not a quarterly filer

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 241.1M per ASX (delayed) (snapshot 11 Sept 2026).
240M241M242M243MDec 24Oct 25Sept 26241.1M

Cash runway

Not a quarterly cash filer. This company does not lodge Appendix 4C/5B quarterly cash reports, so cash runway does not apply.

Issuance timeline

Latest 1 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityOn issue, per this filingSource
15 May 20263G · unquotedKAM : ORDINARY FULLY PAID241.1MAppendix 3G
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1 filing 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

No equity raises in the last 24 months.
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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 allows 15% of ordinary securities in any 12 months, and every Appendix 3B states how much of it an issue uses.

About 91% of the 15% placement capacity left — about 9% used by Appendix 3B filings in the last 12 months (estimate, as at 2026-09-12). 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

15.3%
Options & rights overhang · of current shares
In-the-money supply · most strikes not on record
37.0M
Potential new shares
Nov 2029
Nearest expiry
What a price move would switch on
18.5M37.0M$0.050 now0.25× today ($0.013) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.025) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.038) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.050) — 0 of the priced supply in the money, 0.0% of shares on issue1.25× today ($0.063) — 0 of the priced supply in the money, 0.0% of shares on issue1.5× today ($0.075) — 0 of the priced supply in the money, 0.0% of shares on issue2× today ($0.100) — 0 of the priced supply in the money, 0.0% of shares on issue3× today ($0.150) — 3.4M of the priced supply in the money, 1.4% of shares on issue5× today ($0.250) — 3.4M of the priced supply in the money, 1.4% of shares on issue10× today ($0.500) — 3.4M of the priced supply in the money, 1.4% of shares on issue0.25×0.5×0.75×now1.25×1.5×10×

An exercise price is on record for only 9.1% 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 $0.050 today. No more priced supply until today’s price, which takes it to 3.4M (1.4% 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.
  • 33.6M (90.9% 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$0.1515 Nov 20293.4MFiling
KAMABOptionsPrice-triggered33.6MFiling

“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.

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2 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
4 Sept 2026George BoubourasBuy on-market335k$17k3Y notice
27 Aug 2026George BoubourasBuy on-market254k$13k3Y notice
29 Oct 2025George BoubourasBuy on-market1.0M$85k3Y notice
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3 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 12 Sept 2026.