Companies / N1H

N1 HOLDINGS LIMITED

ASX:N1HFinancial Services
88.1M shares on issueASX (delayed) · snapshot 11 Sept 202691.4M fully diluted+3.8% if every option and right converts$0.14price · delayed$11.9Mmarket cap · indicative

Today’s holders own 96.3% of what they think they own, once every option and right converts.

Minimal
Dilution risk

No issuance filings since 2024; no dilution pressure signals in current disclosures

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runwaycash-generative (no net burn)
Share-count growth (24m)0.0%no issuance filings since 2024
Raise cadence (24m)0 cash raises
Options & rights overhang3.8% of shares
In-the-money supplyno data — no exercise price on record
Pending proposed issuesnone

N1 HOLDINGS LIMITED has not lodged any new share-issuance filings (Appendix 2A) since January 2024, and there are no share-issuance filings on record in the past 24 months. The company has not raised capital in the past 24 months. As of the June 2026 quarter, N1 HOLDINGS LIMITED reported A$34.3M in available cash. No funding-runway figure applies, as the company reported non-negative net cash flow in its latest reported quarter. No proposed securities issues are pending.

AI-generated summary of this page's cited filings · updated 11 Sept 2026
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3.8%
Options & rights overhang
In-the-money supply · no stated strikes
0
Raises · last 12 months
No net burn
Cash cover · cash-generative

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 88.1M per ASX (delayed) (snapshot 11 Sept 2026).
87.5M88.0M88.5MDec 24Oct 25Sept 2688.1M

Cash runway

The latest quarterly report shows no net cash burn, so there is no cash-out date.
$34.4M 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: $22.9M 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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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.
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Issuance timeline

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

DateFormSecurityOn issue, per this filingSource
26 Sept 20243H · cancellationN1H : ORDINARY FULLY PAID88.1MAppendix 3H
26 Sept 20243H · cancellationN1H : ORDINARY FULLY PAID88.1MAppendix 3H
20 Sept 20243H · cancellationN1H : ORDINARY FULLY PAID88.1MAppendix 3H
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3 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

No equity raises in the last 24 months.
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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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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.

No Appendix 3B in the last 12 months reports an issue under the 15% placement capacity (as at 2026-09-12).
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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

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

3.8%
Options & rights overhang · of current shares
In-the-money supply · no stated strikes
3.4M
Potential new shares
Nearest expiry
What this supply is, and what converts it
  • Condition-triggered3.0M · 3.4% of shares
    Performance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.
  • Converts on terms350k · 0.4% of shares
    Convertibles with no exercise price — they convert on their own terms, so they are shares in all but name.

Exercise price on record: 0 priced, 3.4M 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.

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 3.4M of it converts on something else — a hurdle that may never be met, or terms the filing does not price.

CodeSecurityTypeExercise priceExpiryOn issueSource
N1HAEConverts on terms350kFiling
N1HAFPerformance rightsCondition-triggered3.0MFiling 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.

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2 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.
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Director dealings

DateDirectorTypeSharesOptionsOtherValueSource
29 June 2026Ren Hor WongBuy on-market77k$7k3Y notice
23 June 2025Jia Penny HeBuy off-market485k3Y notice
23 June 2025Ren Hor WongBuy off-market1.8M3Y notice
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6 notices on record — Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
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Ownership

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Top-20 holders & substantial holder notices
Top-20 register snapshot and substantial-holder movements, each linked to its source notice.
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Latest announcements

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