Companies / LAT

LATITUDE 66 LIMITED

ASX:LATMaterials
182.0M shares on issueASX (delayed) · snapshot 11 Sept 2026215.5M fully diluted+18.4% if every option and right converts$0.14price · delayed$26.4Mmarket cap · indicative

Today’s holders own 84.5% of what they think they own, once every option and right converts.

Moderate
Dilution risk

Runway under 2 quarters; options/rights overhang 18% of shares; 6% of shares in the money

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway0.0 quarters of funding
Share-count growth (24m)2.3%
Raise cadence (24m)0 cash raises
Options & rights overhang18.4% of shares
In-the-money supply5.5% of shares
Pending proposed issuesnone

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.

AI-generated summary of this page's cited filings · updated 11 Sept 2026
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18.4%
Options & rights overhang
5.5%
In-the-money supply · most strikes not on record
0
Raises · last 12 months
0.0 qtrs
Cash cover · under 2 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 182.0M per ASX (delayed) (snapshot 11 Sept 2026).
179M180M181M182MDec 24Oct 25Sept 26182.0M

Cash runway

0.0 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
$-47k 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: $1.5M cash at quarter end (item 4.6), 0.9 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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9 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
5 July 20262A · quoted issueLAT : ORDINARY FULLY PAID182.0MAppendix 2A
12 June 20262A · quoted issueLAT : ORDINARY FULLY PAID146.6MAppendix 2A
11 Feb 20262A · quoted issueLAT : ORDINARY FULLY PAID146.3MAppendix 2A
10 Feb 20263G · unquotedORDINARY FULLY PAID145.8MAppendix 3G
2 Jan 20263H · cancellationORDINARY FULLY PAID145.8MAppendix 3H
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19 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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2 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.

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4 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

18.4%
Options & rights overhang · of current shares
5.5%
In-the-money supply · most strikes not on record
33.5M
Potential new shares
June 2027
Nearest expiry
What this supply is, and what converts it
  • Price-triggered11.9M · 6.6% of shares
    Options 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 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: 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.

What a price move would switch on
16.7M33.5M$0.14 now0.25× today ($0.04) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.07) — 2.4M of the priced supply in the money, 1.3% of shares on issue0.75× today ($0.11) — 9.9M of the priced supply in the money, 5.5% of shares on issue1× today ($0.14) — 9.9M of the priced supply in the money, 5.5% of shares on issue1.25× today ($0.18) — 9.9M of the priced supply in the money, 5.5% of shares on issue1.5× today ($0.22) — 9.9M of the priced supply in the money, 5.5% of shares on issue2× today ($0.29) — 9.9M of the priced supply in the money, 5.5% of shares on issue3× today ($0.43) — 9.9M of the priced supply in the money, 5.5% of shares on issue5× today ($0.72) — 9.9M of the priced supply in the money, 5.5% of shares on issue10× today ($1.45) — 9.9M of the priced supply in the money, 5.5% of shares on issue0.25×0.5×0.75×now1.25×1.5×10×

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.
CodeSecurityTypeExercise priceExpiryOn issueSource
LATAYOptionsPrice-triggered18 June 20272.0MFiling
LATACPerformance rightsCondition-triggered31 Dec 202711.8MFiling
LATADOptionsPrice-triggered$0.07530 June 20287.5MFiling
LATAEOptionsPrice-triggered$0.06727 Nov 20282.4MFiling
LATAXPerformance rightsCondition-triggered9.8MFiling

“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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5 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
31 Dec 2025Grant CoyleSell incentive5.0M3Y notice
31 Dec 2025Thomas HoyerSell incentive1.0M3Y notice
31 Dec 2025Toby WellmanSell incentive3Y notice
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6 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.