MICROBA LIFE SCIENCES LIMITED
ASX:MAPHealth Care Equipment & ServicesToday’s holders own 74.0% of what they think they own, once every option and right converts.
Runway under 2 quarters; share count grew 66% in 24 months; 3 cash raises in 24 months
Between April 2024 and October 2026, its latest share-count filing, MICROBA LIFE SCIENCES LIMITED's ordinary share count grew 65.8% to 743M shares. The company raised capital three times over the 24-month window for total disclosed proceeds of A$21.9M, most recently a A$2.0M placement in October 2026. Options on issue could convert into 261M new shares, equal to 35.1% of current shares, none in the money; the nearest expiry is January 2027. The company has under 2 quarters of funding at the recent spend rate, as of the September 2026 quarter. One proposed securities issue is pending, with an expected issue date in December 2026.
Quick answers · 4
Is MAP raising capital?
Microba Life Sciences has 1 proposed issue of securities pending under Appendix 3B as at 28 Oct 2026; the most recent raise announced is Placement of $2.0M on 20 Oct 2026.
How much cash does MAP have?
In its quarterly cash report for the quarter ended 30 Sept 2026, Microba Life Sciences reported $3.9M of cash and estimated 1.0 quarter of funding available at its current rate of spending. That is the company's own estimate.
When do MAP's options expire?
Unexercised options and rights equal 35.1% of Microba Life Sciences's shares on issue; the nearest expiry is Jan 2027.
How much has MAP's share count grown?
Microba Life Sciences has 742.7M shares on issue as at 28 Oct 2026, up 65.8% over 24 months according to its Appendix 2A filings.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 5 filings (Appendix 2AThe form a company lodges to have new securities quoted on the ASX. It restates how many of each class are on issue. quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 28 Oct 2026 | 2A · quoted issue | MAP : ORDINARY FULLY PAID | 742.7M | Appendix 2A |
| 23 Oct 2026 | 3H · cancellation | MAP : ORDINARY FULLY PAID | 717.1M | Appendix 3H |
| 13 Oct 2026 | 3H · cancellation | MAP : ORDINARY FULLY PAID | 717.1M | Appendix 3H |
| 29 July 2026 | 2A · quoted issue | MAP : ORDINARY FULLY PAID | 708.5M | Appendix 2A |
| 29 July 2026 | 3G · unquoted | MAP : ORDINARY FULLY PAID | 700.3M | Appendix 3G |
Securities on issue over time
Ordinary shares and every option and rights class, month by month over two years. The top edge is the fully diluted count.
Capital raises
3 cash raises in the last 24 months · 2 in the last 12 months
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 / 7.1ARule 7.1 lets a company issue up to 15% of its shares in 12 months without a shareholder vote. Rule 7.1A adds 10% for smaller companies whose holders approve it. allows 15% of ordinary securities in any 12 months, and every Appendix 3BNotice that a company proposes to issue new securities, such as a placement. The securities are not on issue until a later filing confirms it. states how much of it an issue uses.
Pending proposed issues
Options & convertible securities
At $0.035 today, 0 securities are in the money (0.0% of shares on issue). At double today’s price it is 108.2M (14.6% 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.
- 17.5M more carries an exercise price above ten times today’s — off the right of this axis, and in every total on this page.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| MAPAP | Options | Price-triggered | $0.090 | 13 Jan 2027 | 46.3M | Filing |
| MAPAN | Options | Price-triggered | $0.27 | 28 Jan 2027 | 200k | Filing |
| MAPAJ | Options | Price-triggered | $0.45 | 28 July 2027 | 6.1M | Filing |
| MAPAK | Options | Price-triggered | $0.64 | 28 July 2027 | 2.0M | Filing |
| MAPAQ | Options | Price-triggered | $0.14 | 13 Aug 2027 | 80.6M | Filing |
| MAPAO | Options | Price-triggered | $0.38 | 10 Feb 2029 | 9.4M | Filing |
| MAPAR | Options | Price-triggered | $0.063 | 29 July 2029 | 108.2M | Filing |
| MAPAS | Options | Price-triggered | $0.075 | 29 July 2029 | 8.1M | 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. For what expires soon across other listed companies, see the options expiry calendar.
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 29 July 2026 | Ian Frazer | Other placement | 200k | 200k | — | $10k | 3Y notice |
| 29 July 2026 | Pasquale Rombola | Buy placement | 1.3M | 1.3M | — | $63k | 3Y notice |
| 17 Sept 2025 | Richard Bund | Sell on-market | — | — | — | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.