NAOS EX-50 OPPORTUNITIES COMPANY LIMITED
ASX:NACNot ApplicToday’s holders own 80.8% of what they think they own, once every option and right converts.
Options/rights overhang 24% of shares; share count grew 12% in 24 months
NAOS EX-50 OPPORTUNITIES COMPANY LIMITED’s ordinary share count was 46M as of November 2025. The company has not raised capital through any cash placement, rights issue or share purchase plan in the past 24 months, and no proposed securities issues are currently pending. Options and rights on issue could convert into 11M new shares, equal to 23.8% of the current share count, with the nearest expiry in December 2026; none of these are currently in the money. The company does not lodge current quarterly cash reports, so no quarterly cash balance or funding-runway figure is disclosed on that basis. The share count series from Appendix 2A filings ends before the stated window, so growth over the period is not stated.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 31 Oct 2025 | 3H · cancellation | NAC : ORDINARY FULLY PAID | 45.8M | Appendix 3H |
| 30 Sept 2025 | 3H · cancellation | NAC : ORDINARY FULLY PAID | 46.0M | Appendix 3H |
| 2 Sept 2025 | 3H · cancellation | NAC : ORDINARY FULLY PAID | 46.1M | Appendix 3H |
| 4 Aug 2025 | 3H · cancellation | NAC : ORDINARY FULLY PAID | 46.4M | Appendix 3H |
| 30 June 2025 | 3H · cancellation | NAC : ORDINARY FULLY PAID | 46.8M | Appendix 3H |
Capital raises
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 allows 15% of ordinary securities in any 12 months, and every Appendix 3B states how much of it an issue uses.
Pending proposed issues
Options & convertible securities
- Price-triggered10.7M · 23.4% of sharesOptions and warrants — they convert when the share price clears their exercise price.No exercise price is on record for any of it, so none of it can be called in or out of the money.
- Converts on terms175k · 0.4% of sharesConvertibles with no exercise price — they convert on their own terms, so they are shares in all but name.
Exercise price on record: 0 priced, 10.9M 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.
No option supply on record carries an exercise price to pay, so no share price switches any of it on. All 10.9M 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 |
|---|---|---|---|---|---|---|
| NACO | Options | Price-triggered | — | 31 Dec 2026 | 10.7M | Filing |
| NACGA | — | Converts on terms | — | — | 175k | 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.
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 4 June 2026 | David Rickards OAM | Buy DRP | 2k | — | — | — | 3Y notice |
| 4 June 2026 | Sarah Williams | Buy DRP | 3k | — | — | — | 3Y notice |
| 4 June 2026 | Sebastian Evans | Buy DRP | 21k | — | — | — | 3Y notice |
| 4 June 2026 | Warwick Evans | Buy DRP | 14k | — | — | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.