Companies / MAP

MICROBA LIFE SCIENCES LIMITED

ASX:MAPHealth Care Equipment & Services
717.1M shares on issueASX (delayed) · snapshot 11 Sept 2026875.8M fully diluted+22.1% if every option and right converts$0.056price · delayed$40.2Mmarket cap · indicative

Today’s holders own 81.9% of what they think they own, once every option and right converts.

High
Dilution risk

Runway under 2 quarters; share count grew 58% in 24 months; 2 cash raises in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway1.0 quarters of funding
Share-count growth (24m)58.3%measured to the latest Appendix 2A, not to the share count above
Raise cadence (24m)2 cash raises
Options & rights overhang22.1% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

MICROBA LIFE SCIENCES LIMITED had 717M shares outstanding as of July 2026. The company completed two capital raises totalling A$19.9M in the past 24 months, with the most recent being a A$5.4M placement in June 2026. A potential of 159M new shares are issuable upon the exercise of options and rights, representing 22.1% of the current share count, with the nearest expiry in January 2027; none of these are currently in the money. As of the June 2026 quarter, the company held A$4.3M in cash, sufficient for approximately 1.0 quarters of operations based on recent spending. No proposed securities issues are currently pending.

AI-generated summary of this page's cited filings · updated 11 Sept 2026
Get told when this changes
Set up alerts
Daily email alerts cover risk-level moves, new raises, pending proposed issues and option expiries for the companies you follow.
22.1%
Options & rights overhang
0.0%
In-the-money supply
1
Raises · last 12 months
1.0 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 717.1M per ASX (delayed) (snapshot 11 Sept 2026).
500M600M700MDec 24Oct 25Sept 26Cash raise · 12 June 2026Cash raise · 23 June 2025717.1M

Cash runway

1.0 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
The latest quarterly report funded operations to about Sept 2026 — that date has passed, and no later report is on record.
$4.3M 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: $7.9M cash at quarter end (item 4.6), 2.3 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.
Free account
15 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.
Free account: 2 full company unlocks every month, no card.
Create free accountSee plans

Issuance timeline

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

DateFormSecurityOn issue, per this filingSource
29 July 20262A · quoted issueMAP : ORDINARY FULLY PAID708.5MAppendix 2A
29 July 20263G · unquotedMAP : ORDINARY FULLY PAID700.3MAppendix 3G
29 July 20262A · quoted issueMAP : ORDINARY FULLY PAID709.0MAppendix 2A
29 July 20263G · unquotedMAP : ORDINARY FULLY PAID700.3MAppendix 3G
29 July 20263G · unquotedMAP : ORDINARY FULLY PAID700.3MAppendix 3G

Each filing states the count for the security it names, as at its own reference date and in the units of that filing — so the newest row (708.5M) need not equal the current count above (717.1M).

Free account
22 filings on record — Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
Free account: 2 full company unlocks every month, no card.
Create free accountSee plans

Capital raises

2 cash raises in the last 24 months · 1 in the last 12 months

every 11.6 monthsaverage gap between raises
3 monthssince the most recent
23 June 2025 – 12 June 2026first to most recent in this window
$5.4M
Placement
12 June 2026 COMPLETE
Free account
2 raises on record — Full raise history
Issue price, shares issued, brokers and stated purpose for every raise on record.
Free account: 2 full company unlocks every month, no card.
Create free accountSee plans

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.

Free account
7 dated events on record — Forward supply calendar
Option expiries and proposed issues on one forward timeline, with the securities each could add.
Free account: 2 full company unlocks every month, no card.
Create free accountSee plans

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 15% placement capacity left — all of it 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.
Free account
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.
Free account: 2 full company unlocks every month, no card.
Create free accountSee plans

Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

22.1%
Options & rights overhang · of current shares
0.0%
In-the-money supply · at current price
158.7M
Potential new shares
Jan 2027
Nearest expiry
What a price move would switch on
79.4M158.7M$0.056 now0.25× today ($0.014) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.028) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.042) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.056) — 0 of the priced supply in the money, 0.0% of shares on issue1.25× today ($0.070) — 0 of the priced supply in the money, 0.0% of shares on issue1.5× today ($0.084) — 8.1M of the priced supply in the money, 1.1% of shares on issue2× today ($0.112) — 54.4M of the priced supply in the money, 7.6% of shares on issue3× today ($0.168) — 134.9M of the priced supply in the money, 18.8% of shares on issue5× today ($0.280) — 135.1M of the priced supply in the money, 18.8% of shares on issue10× today ($0.560) — 154.7M of the priced supply in the money, 21.6% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.056 today, 0 securities are in the money (0.0% of shares on issue). No more priced supply until 1.5× today’s price, which takes it to 8.1M (1.1% 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.
  • 4.0M more carries an exercise price above ten times today’s — off the right of this axis, and in every total on this page.
CodeSecurityTypeExercise priceExpiryOn issueSource
MAPAPOptionsPrice-triggered$0.09013 Jan 202746.3MFiling
MAPANOptionsPrice-triggered$0.2728 Jan 2027200kFiling
MAPAJOptionsPrice-triggered$0.4528 July 20276.1MFiling
MAPAKOptionsPrice-triggered$0.6428 July 20274.0MFiling
MAPAQOptionsPrice-triggered$0.1413 Aug 202780.6MFiling
MAPAOOptionsPrice-triggered$0.3810 Feb 202913.4MFiling
—OptionsPrice-triggered$0.07529 July 20298.1MFiling

“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.

Free account
7 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.
Free account: 2 full company unlocks every month, no card.
Create free accountSee plans

Director dealings

DateDirectorTypeSharesOptionsOtherValueSource
29 July 2026Ian FrazerOther placement200k200k—$10k3Y notice
29 July 2026Pasquale RombolaBuy placement1.3M1.3M—$63k3Y notice
17 Sept 2025Richard BundSell on-market————3Y notice
Free account
10 notices on record — Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
Free account: 2 full company unlocks every month, no card.
Create free accountSee plans

Ownership

Free account
Top-20 holders & substantial holder notices
Top-20 register snapshot and substantial-holder movements, each linked to its source notice.
Free account: 2 full company unlocks every month, no card.
Create free account

Latest announcements

31 Aug 2026$P2026 Annual Report & Appendix 4E
31 Aug 20262026 Appendix 4G
31 Aug 20262026 Corporate Governance Statement
31 July 2026Change of Director's Interest Notice - Pasquale Rombola
31 July 2026Change of Director's Interest Notice - Prof Ian Frazer
29 July 2026Cleansing Notice
29 July 2026Notification regarding unquoted securities - MAP
29 July 2026Notification regarding unquoted securities - MAP
29 July 2026Application for quotation of securities - MAP
29 July 2026Notification regarding unquoted securities - MAP
29 July 2026Application for quotation of securities - MAP
27 July 2026Completion of Share Purchase Plan
24 July 2026Results of General Meeting
19 July 2026Microba signs multi-year SYNLAB agreement
15 July 2026$PQ4 FY26 Quarterly Investor Presentation & Webinar
15 July 2026$PQ4 FY26 Quarterly Activities Report & Appendix 4C
14 July 2026Change in substantial holding
14 July 2026Details of Q4 FY26 Quarterly Report, Appendix 4C & Webinar
23 June 2026Ceasing to be a substantial holder
23 June 2026Letter to Shareholders, Notice of EGM & Proxy Form

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