MURRAY COD AUSTRALIA LIMITED
ASX:MCAFood, Beverage & TobaccoToday’s holders own 98.8% of what they think they own, once every option and right converts.
Runway under 2 quarters; share count grew 134% in 24 months; 2 cash raises in 24 months
Between July 2024 and May 2026, MURRAY COD AUSTRALIA LIMITED's ordinary share count increased 134.4% to 248M shares, adjusted for a 1-for-10 share consolidation implemented in February 2025. In the past 24 months it raised A$35.6M across two capital raisings, most recently an A$18.6M accelerated non-renounceable entitlement offer in May 2026. Options and rights overhang is 1.2% of current shares (3M potential shares), with no in-the-money positions and nearest expiry in December 2026. The company's most recent quarterly cash report stated that at the reported spend rate the cash would have been used up since that report, and no later cash report is on record, so no funding runway estimate applies. No proposed securities issues are pending.
Quick answers · 4
When did MCA last raise capital?
The last capital raise in Murray Cod Australia's filings is Accelerated non-renounceable entitlement offer of $18.6M announced 4 May 2026, one of 2 cash raises in 24 months.
How much placement capacity does MCA have left?
None of the 15% placement capacity counted as used in the last 12 months (estimate). Under ASX Listing Rule 7.1 a company may place up to 15% of its shares in 12 months without shareholder approval.
How much cash does MCA have?
In its quarterly cash report for the quarter ended 30 June 2026, Murray Cod Australia reported $4.1M of cash and estimated 3.2 quarters of funding available at its current rate of spending. That is the company's own estimate.
When do MCA's options expire?
Unexercised options and rights equal 1.2% of Murray Cod Australia's shares on issue; the nearest expiry is Dec 2026.
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 |
|---|---|---|---|---|
| 27 May 2026 | 2A · quoted issue | MCA : ORDINARY FULLY PAID | 247.9M | Appendix 2A |
| 11 May 2026 | 2A · quoted issue | MCA : ORDINARY FULLY PAID | 191.1M | Appendix 2A |
| 18 Mar 2026 | 2A · quoted issue | MCA : ORDINARY FULLY PAID | 123.9M | Appendix 2A |
| 26 Feb 2026 | 3H · cancellation | MCA : ORDINARY FULLY PAID | 123.9M | Appendix 3H |
| 2 Dec 2025 | 3H · cancellation | MCA : ORDINARY FULLY PAID | 123.9M | Appendix 3H |
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
2 cash raises in the last 24 months · 1 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 $0.13 today, 0 securities are in the money (0.0% of shares on issue). 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.
- 3.0M 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 |
|---|---|---|---|---|---|---|
| MCAAF | Options | Price-triggered | $2.30 | 5 Dec 2026 | 750k | Filing |
| MCAAG | Options | Price-triggered | $3.35 | 21 Dec 2028 | 700k | Filing |
| MCAAJ | Options | Price-triggered | $2.25 | 20 Jan 2030 | 900k | Filing |
| MCAAK | Options | Price-triggered | $1.52 | 2 Dec 2030 | 619k | 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 Sept 2026 | Steven Chaur | Buy on-market | 250k | — | — | — | 3Y notice |
| 4 Sept 2026 | Brett William Fisher Paton | Buy on-market | 60k | — | — | — | 3Y notice |
| 4 Sept 2026 | Brett William Fisher Paton | Buy on-market | 66k | — | — | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.