MEGAPORT LIMITED

ASX:MP1Software & Services

238.0M shares on issueASX (delayed) · snapshot 11 Sept 2026242.9M fully diluted+2.1% if every option and right converts$18.41price · delayed$4.38Bmarket cap · indicative

Today’s holders own 98.0% of what they think they own, once every option and right converts.

Moderate

Dilution risk

Share count grew 49% in 24 months; 2 cash raises in 24 months; proposed issue pending

Absolute levels — not a ranking against other companies.

Cash runwayno data — no longer lodges quarterly cash reports (4C/5B)

Share-count growth (24m)48.6%

Raise cadence (24m)2 cash raises

Options & rights overhang2.1% of shares

In-the-money supplyno data — no exercise price on record

Pending proposed issuesopen proposed issue (Appendix 3B)

MEGAPORT LIMITED's ordinary share count grew 48.6% between September 2024 and September 2026, to 238M shares. The company raised capital twice in the past 24 months, for total disclosed proceeds of A$1.0B, with the most recent being an A$827.5M entitlement offer in June 2026. Options and rights on issue could convert into 5M new shares, representing 2.1% of the current share count. No filing on record states an expiry date for these options. The company no longer lodges quarterly cash reports, so no quarterly cash balance or funding runway figure is disclosed. Three proposed securities issues (Appendix 3B) are pending, with the nearest proposed date in December 2026.

AI-generated summary of this page's cited filings · updated 3 Sept 2026

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2.1%

Options & rights overhang

—

In-the-money supply · no stated strikes

Raises · last 12 months

—

Cash cover · stale filings

Shares on issue — last 2 years

Ordinary shares on issue

Weekly counts from ASX records. Dots mark cash capital raises. Latest count 238.0M per ASX (delayed) (snapshot 11 Sept 2026).

Cash runway

—

stale Last quarterly cash report is more than 12 months old (quarter ended 31 Dec 2023) — runway is not computed from stale filings.

$111.1M cash after burn from the quarter ended 31 Dec 2023. Filed with the quarterly report: $7.3M cash at quarter end (item 4.6). Our figure above carries the filed quarter-end balance forward at the reported spend rate and adds announced raise proceeds.

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5 quarters on record — Cash runway history

Quarterly cash, net spend and cover trend from every Appendix 4C/5B on record up to 31 Dec 2023.

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Issuance timeline

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

Date	Form	Security	On issue, per this filing	Source
3 Sept 2026	3H · cancellation	MP1 : ORDINARY FULLY PAID	238.0M	Appendix 3H
2 Sept 2026	2A · quoted issue	MP1 : ORDINARY FULLY PAID	238.0M	Appendix 2A
1 Sept 2026	3G · unquoted	ORDINARY FULLY PAID	236.1M	Appendix 3G
8 July 2026	3H · cancellation	MP1 : ORDINARY FULLY PAID	236.1M	Appendix 3H
2 July 2026	2A · quoted issue	MP1 : ORDINARY FULLY PAID	236.1M	Appendix 2A

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43 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

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

every 6.7 monthsaverage gap between raises

3.4 monthssince the most recent

10 Nov 2025 – 1 June 2026first to most recent in this window

$827.5M

Entitlement Offer

1 June 2026 COMPLETE

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3 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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3 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.

About 11% of the 15% placement capacity left — about 89% 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.

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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

3 proposed issues pending — Appendix 3B lodged, securities not yet issued. New shares from these issues are not in the counts above until quoted.

Paid plan

3 pending issues on record — Pending issue detail

Size, price, fees, broker and placement-capacity usage for each pending issue.

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Options & convertible securities

2.1%

Options & rights overhang · of current shares

—

In-the-money supply · no stated strikes

4.9M

Potential new shares

—

Nearest expiry

What a price move would switch on

No option supply on record carries an exercise price to pay, so no share price switches any of it on. All 4.9M of it converts on something else — a hurdle that may never be met, or terms the filing does not price.

Code	Security	Type	Exercise price	Expiry	On issue	Source
MP1AE	—	Condition-triggered	—	—	4.9M	Filing Meeting

“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.

A condition-triggered class has no exercise price and usually no expiry: what it vests on is set by a shareholder resolution, not by the register. Where the company lodged a notice of meeting before the class first appears here, it is linked as “Meeting” — that is where terms of this kind are put to shareholders. It is not confirmation that the document sets this class’s conditions, and no link appears where there is no such filing.

1 class ceased in the last 12 months and is not counted above

The company’s own Appendix 2A restates each of these at zero. They are excluded from the overhang, the in-the-money supply and every figure on this page. Each count is the filing’s own count of securities in the class, not a share count — a 2A never states what one security converts into.

MP1ADPrice-triggered8k securities → 06 Jan 2026 Appendix 2A

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1 option line 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

Date	Director	Type	Shares	Options	Other	Value	Source
3 Sept 2026	Michael Reid	Sell	335k	—	1.6M	—	3Y notice
6 July 2026	Melinda Snowden	Buy entitlement/SPP	7k	—	—	$104k	3Y notice
5 Mar 2026	Jay Adelson	Sell	651	—	—	$5k	3Y notice