LATITUDE 66 LIMITED
ASX:LATMaterialsToday’s holders own 84.5% of what they think they own, once every option and right converts.
Runway under 2 quarters; options/rights overhang 18% of shares; 6% of shares in the money
LATITUDE 66 LIMITED's ordinary share count grew 27.6% between November 2024 and July 2026, to 182M shares. The company has not raised capital in the past 24 months. Options and rights on issue could convert into 33M new shares, equal to 18.4% of the current share count, of which 6% are in the money at the current share price; the nearest expiry falls in June 2027. At the June 2026 quarter the company reported A$-26K in available cash, about 0.0 quarters of funding at its recent spending rate. No proposed securities issues are pending.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 5 July 2026 | 2A · quoted issue | LAT : ORDINARY FULLY PAID | 182.0M | Appendix 2A |
| 12 June 2026 | 2A · quoted issue | LAT : ORDINARY FULLY PAID | 146.6M | Appendix 2A |
| 11 Feb 2026 | 2A · quoted issue | LAT : ORDINARY FULLY PAID | 146.3M | Appendix 2A |
| 10 Feb 2026 | 3G · unquoted | ORDINARY FULLY PAID | 145.8M | Appendix 3G |
| 2 Jan 2026 | 3H · cancellation | ORDINARY FULLY PAID | 145.8M | Appendix 3H |
Capital raises
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.
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.
Pending proposed issues
Options & convertible securities
- Price-triggered11.9M · 6.6% of sharesOptions and warrants — they convert when the share price clears their exercise price.At least 2.0M of it states no exercise price — that much cannot be called in or out of the money.
- Condition-triggered21.6M · 11.8% of sharesPerformance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.
Exercise price on record: 9.9M priced (of which 9.9M in the money), 23.6M 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.
At $0.14 today, 9.9M securities are in the money (5.5% of shares on issue) — a floor, because an exercise price is on record for only 29.7% of this supply. No price up to ten times today’s switches on any more priced supply.
- 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.
- 23.6M (70.3% 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.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| LATAY | Options | Price-triggered | — | 18 June 2027 | 2.0M | Filing |
| LATAC | Performance rights | Condition-triggered | — | 31 Dec 2027 | 11.8M | Filing |
| LATAD | Options | Price-triggered | $0.075 | 30 June 2028 | 7.5M | Filing |
| LATAE | Options | Price-triggered | $0.067 | 27 Nov 2028 | 2.4M | Filing |
| LATAX | Performance rights | Condition-triggered | — | — | 9.8M | Filing |
“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.
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 31 Dec 2025 | Grant Coyle | Sell incentive | — | — | 5.0M | — | 3Y notice |
| 31 Dec 2025 | Thomas Hoyer | Sell incentive | — | — | 1.0M | — | 3Y notice |
| 31 Dec 2025 | Toby Wellman | Sell incentive | — | — | — | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.