MACALLUM NEW ENERGY LIMITED
ASX:MNEEnergyToday’s holders own 60.6% of what they think they own, once every option and right converts.
Runway under 2 quarters; options/rights overhang 65% of shares; 1 cash raise in 24 months
MACALLUM NEW ENERGY LIMITED's ordinary share count was unchanged between June 2026 and October 2026, its latest share-count filing, at 140M shares. The company raised capital once in that period, a A$3.0M placement in October 2026, with total disclosed proceeds of A$3.0M. Options and rights on issue could convert into 91M new shares, equal to 65.0% of the current share count, none of which are in the money at the current share price; the nearest expiry falls in October 2028. The company has under 2 quarters of funding at the recent spend rate. Two proposed securities issues (Appendix 3B) are pending, with an expected issue date in November 2026.
Quick answers · 5
Why was MNE in a trading halt?
Macallum New Energy requested a trading halt on 26 Oct 2026, giving the reason "Pending announcement regarding a proposed capital raising". Trading was expected to resume 28 Oct 2026.
Is MNE raising capital?
Macallum New Energy has 2 proposed issues of securities pending under Appendix 3B as at 28 Oct 2026; the most recent raise announced is Placement of $3.0M on 28 Oct 2026.
How much cash does MNE have?
In its quarterly cash report for the quarter ended 30 June 2026, Macallum New Energy reported $1.8M of cash and estimated 0.6 quarters of funding available at its current rate of spending. That is the company's own estimate.
When do MNE's options expire?
Unexercised options and rights equal 65% of Macallum New Energy's shares on issue; the nearest expiry is Oct 2028.
How much has MNE's share count grown?
Macallum New Energy has 140.2M shares on issue as at 28 Oct 2026, up 0.0% over 24 months according to its Appendix 2A filings.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 2 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 | MNE : ORDINARY FULLY PAID | 85.7M | Appendix 2A |
| 22 June 2026 | 2A · quoted issue | MNE : ORDINARY FULLY PAID | 85.2M | Appendix 2A |
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 (85.7M) need not equal the current count above (140.2M).
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
1 cash raise 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
- Price-triggered72.3M · 51.6% of sharesOptions and warrants — they convert when the share price clears their exercise price.At least 51.1M of it states no exercise price — that much cannot be called in or out of the money.
- Condition-triggered18.9M · 13.5% 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: 21.2M priced, 70.0M 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.
An exercise price is on record for only 23.2% of this supply, so what is in the money today is not a measurement — the tile above reads “—” for that reason. Of the priced supply, 0 is in the money at $0.17 today. No more priced supply until 1.25× today’s price, which takes it to 1.3M (0.9% 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.
- 70.0M (76.8% 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 |
|---|---|---|---|---|---|---|
| MNEAG | Options | Price-triggered, no exercise price stated | — | 31 Oct 2028 | 1.1M | Filing |
| MNEAH | Options | Price-triggered, no exercise price stated | — | 31 Oct 2028 | 1.7M | Filing |
| MNEAF | Options | Price-triggered, no exercise price stated | — | 31 Oct 2028 | 1.8M | Filing |
| MNEAN | Options | Price-triggered | $0.20 | 31 Oct 2028 | 1.3M | Filing |
| MNEAL | Options | Price-triggered | $0.23 | 31 Oct 2028 | 2.4M | Filing |
| MNEAM | Options | Price-triggered | $0.25 | 20 Nov 2028 | 4.5M | Filing |
| MNEAE | Options | Price-triggered, no exercise price stated | — | 31 Oct 2029 | 9.4M | Filing |
| MNEAI | Options | Price-triggered, no exercise price stated | — | 31 Oct 2029 | 33.5M | Filing |
| MNEAD | Options | Price-triggered | $0.30 | 31 Oct 2029 | 13.0M | Filing |
| MNEAJ | Options | Price-triggered, no exercise price stated | — | 23 Feb 2030 | 3.7M | Filing |
| MNEAK | Performance rights | Condition-triggered | — | — | 18.9M | 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
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.