MICRO-X LIMITED
ASX:MX1Health Care Equipment & ServicesToday’s holders own 94.6% of what they think they own, once every option and right converts.
Runway under 2 quarters; share count grew 30% in 24 months; 4 cash raises in 24 months
MICRO-X LIMITED’s ordinary share count grew 29.5% between June 2024 and October 2026, its latest share-count filing, to 753M shares. In the past 24 months the company completed four capital raises totalling A$26.9M, most recently an A$8.0M convertible note issue in August 2026. Options and rights on issue could convert into 43M new shares, a 5.8% overhang, with none currently in the money; no filing on record states an expiry date for these securities. The company had under 2 quarters of funding at the recent spend rate as of the June 2026 quarter. No proposed securities issues (Appendix 3B) are pending.
Quick answers · 4
When did MX1 last raise capital?
The last capital raise in Micro-X's filings is Convertible Note Issue of $8.0M announced 3 Aug 2026, one of 4 cash raises in 24 months.
How much cash does MX1 have?
In its quarterly cash report for the quarter ended 30 June 2026, Micro-X reported $3.1M of cash and estimated 1.0 quarter of funding available at its current rate of spending. That is the company's own estimate.
How many options and rights does MX1 have outstanding?
Unexercised options and rights equal 5.8% of Micro-X's shares on issue.
How much has MX1's share count grown?
Micro-X has 752.9M shares on issue as at 28 Oct 2026, up 29.5% 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 |
|---|---|---|---|---|
| 23 Oct 2026 | 3H · cancellation | MX1 : ORDINARY FULLY PAID | 752.4M | Appendix 3H |
| 23 Oct 2026 | 2A · quoted issue | MX1 : ORDINARY FULLY PAID | 752.9M | Appendix 2A |
| 9 Oct 2026 | 3G · unquoted | ORDINARY FULLY PAID | 752.4M | Appendix 3G |
| 9 Sept 2026 | 2A · quoted issue | MX1 : ORDINARY FULLY PAID | 752.4M | Appendix 2A |
| 9 Sept 2026 | 3H · cancellation | MX1 : ORDINARY FULLY PAID | 752.3M | 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
4 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
No option supply on record carries an exercise price to pay, so no share price switches any of it on. All 43.3M 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 |
|---|---|---|---|---|---|---|
| MX1AG | Performance rights | Condition-triggered | — | — | 43.3M | 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. For what expires soon across other listed companies, see the options expiry calendar.
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.
- MX1AEconvertible notes7.0M23 Oct 2026 Appendix 2A
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 9 Oct 2026 | Andrew Hartmann | Buy | 357k | 10k | — | $1 | 3Y notice |
| 9 Oct 2026 | Ilona Meyer | Buy | 589k | 60k | — | $1 | 3Y notice |
| 9 Oct 2026 | Jim McDowell | Buy | — | — | 100k | $1 | 3Y notice |
| 9 Oct 2026 | Patrick O'Brien | Buy | — | — | 500k | $500k | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.