Companies / KGN

KOGAN.COM LTD

ASX:KGNConsumer Discretionary Distribution & Retail
95.5M shares on issueASX (delayed) · snapshot 11 Sept 202699.5M fully diluted+4.2% if every option and right converts$3.20price · delayed$305.7Mmarket cap · indicative

Today’s holders own 96.0% of what they think they own, once every option and right converts.

Minimal
Dilution risk

No major dilution pressure signals in current disclosures

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runwayno data — not a quarterly (4C/5B) cash filer
Share-count growth (24m)-5.5%
Raise cadence (24m)0 cash raises
Options & rights overhang4.2% of shares
In-the-money supplyno data — an exercise price is on record for a minority of the supply
Pending proposed issuesnone

KOGAN.COM LTD's ordinary share count was 96M as of September 2026, a decrease of 5.5% since August 2024. The company has not raised capital in the past 24 months, and no proposed securities issues are pending. Options and rights on issue could convert into 4M new shares, representing 4.2% of the current share count, with the nearest expiry in December 2026; none of these options are currently in the money. The company does not lodge current quarterly cash reports, meaning no cash balance or funding runway is disclosed on that basis.

AI-generated summary of this page's cited filings · updated 8 Sept 2026
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4.2%
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 95.5M per ASX (delayed) (snapshot 11 Sept 2026).
95.0M97.5M100.0MDec 24Oct 25Sept 2695.5M

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

DateFormSecurityOn issue, per this filingSource
8 Sept 20263H · cancellationKGN : ORDINARY FULLY PAID94.8MAppendix 3H
8 Sept 20262A · quoted issueKGN : ORDINARY FULLY PAID95.5MAppendix 2A
8 Sept 20263G · unquotedORDINARY FULLY PAID94.8MAppendix 3G
4 Sept 20263H · cancellationKGN : ORDINARY FULLY PAID94.8MAppendix 3H
3 July 20263H · cancellationKGN : ORDINARY FULLY PAID94.9MAppendix 3H
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83 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

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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5 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.

No Appendix 3B in the last 12 months reports an issue under the 15% placement capacity (as at 2026-09-12).
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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

4.2%
Options & rights overhang · of current shares
—
In-the-money supply · most strikes not on record
4.0M
Potential new shares
Dec 2026
Nearest expiry
What this supply is, and what converts it
  • Price-triggered134k · 0.1% of shares
    Options and warrants — they convert when the share price clears their exercise price.
  • Condition-triggered3.9M · 4.0% of shares
    Performance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.

Exercise price on record: 134k priced, 3.9M 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
2.0M4.0M$3.20 now0.25× today ($0.80) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($1.60) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($2.40) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($3.20) — 0 of the priced supply in the money, 0.0% of shares on issue1.25× today ($4.00) — 117k of the priced supply in the money, 0.1% of shares on issue1.5× today ($4.80) — 134k of the priced supply in the money, 0.1% of shares on issue2× today ($6.40) — 134k of the priced supply in the money, 0.1% of shares on issue3× today ($9.60) — 134k of the priced supply in the money, 0.1% of shares on issue5× today ($16.00) — 134k of the priced supply in the money, 0.1% of shares on issue10× today ($32.00) — 134k of the priced supply in the money, 0.1% 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 3.4% 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 $3.20 today. No more priced supply until 1.25× today’s price, which takes it to 117k (0.1% 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.
  • 3.9M (96.6% 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
KGNAJOptionsPrice-triggered$3.6831 Dec 202672kFiling
KGNAFOptionsPrice-triggered$3.7828 Feb 202715kFiling
KGNALOptionsPrice-triggered$4.3530 June 202717kFiling
KGNAGOptionsPrice-triggered$3.7828 Feb 202815kFiling
KGNAHOptionsPrice-triggered$3.7827 Feb 202915kFiling
KGNAAPerformance rightsCondition-triggered——3.9MFiling 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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6 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
8 Sept 2026David ShaferOther66k—680k—3Y notice
8 Sept 2026Mr Ronn BechlerBuy on-market30k———3Y notice
8 Sept 2026Ruslan KoganOther91k—945k—3Y notice
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19 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

9 Sept 2026Change of Director's Interest Notice - DS
9 Sept 2026Change of Director's Interest Notice - RK
9 Sept 2026Change of Director's Interest Notice - RB
8 Sept 2026Cleansing Notice
8 Sept 2026Notification regarding unquoted securities - KGN
8 Sept 2026Application for quotation of securities - KGN
8 Sept 2026Notification of cessation of securities - KGN
6 Sept 2026Proposed new remuneration arrangements
4 Sept 2026Notification of cessation of securities - KGN
23 Aug 2026$PFY26 Results Presentation
23 Aug 2026$PFY26 Results Announcement
23 Aug 2026Dividend/Distribution - KGN
23 Aug 2026$PFY26 Appendix 4E and Financial Statements
17 Aug 2026FY26 reporting date and investor call details
3 July 2026Notification of cessation of securities - KGN
3 July 2026Notification of cessation of securities - KGN
30 June 2026Update - Notification of buy-back - KGN
30 June 2026Notification of cessation of securities - KGN
29 June 2026Update - Notification of buy-back - KGN
28 June 2026Update - Notification of buy-back - KGN

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