Companies / NOR

NORWOOD SYSTEMS LIMITED

ASX:NORSoftware & Services
579.9M shares on issueASX (delayed) · as of 28 July 2026$0.016price · delayed$9.9Mmarket cap · indicative
D
Dilution grade

Runway under 2 quarters; share count grew 22% in 24 months; 6 cash raises in 24 months

Cash runway0.5 quarters of funding
Share-count growth (24m)22.0%
Raise cadence (24m)6 cash raises
Options & rights overhang19.6% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

NORWOOD SYSTEMS LIMITED's ordinary share count rose 22.0% between July 2024 and June 2026, to 580M shares. The company raised capital six times in that 24-month window for total disclosed proceeds of A$2.6M, most recently a A$650K placement in December 2025. Options and rights on issue could convert into 114M new shares, equal to 19.6% of the current share count, with none currently in the money and the nearest expiry in December 2026. At the June 2026 quarter the company reported A$107K in available cash, about 0.5 quarters of funding at its recent spending rate. No proposed securities issues (Appendix 3B) are pending.

AI-generated summary of this page's cited filings · updated 28 July 2026
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19.6%
Max option dilution
0.0%
ITM option dilution
2
Raises · last 12 months
0.5 qtrs
Cash cover · under 2 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 579.9M per ASX (delayed) (28 July 2026).
498.2M528.2M558.2MDec 24Sept 25July 26Cash raise · 3 Dec 2025Cash raise · 3 Dec 2025Cash raise · 13 May 2025Cash raise · 28 Apr 2025Cash raise · 25 Mar 2025Cash raise · 10 Dec 2024

Cash runway

0.5 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
$107k available cash at quarter ended 30 June 2026 · Runway is computed from Appendix 4C/5B filings and announced raise proceeds.
Paid plan
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 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityTotal on issue afterSource
29 June 20262A · quoted issueNOR : ORDINARY FULLY PAID579.9MAppendix 2A
29 June 20263G · unquotedORDINARY FULLY PAID565.9MAppendix 3G
5 Jan 20263G · unquotedORDINARY FULLY PAID565.9MAppendix 3G
5 Jan 20263G · unquotedNOR : ORDINARY FULLY PAID565.9MAppendix 3G
19 Dec 20253G · unquotedORDINARY FULLY PAID565.9MAppendix 3G
Paid plan
Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
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Capital raises

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

$650k
Placement
3 Dec 2025 COMPLETE
Paid plan
Full raise history
Issue price, discount, brokers, purpose and tranche detail for every raise on record.
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Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

19.6%
Total overhang · of current shares
0.0%
In the money · at current price
113.8M
Potential new shares
Dec 2026
Nearest expiry
Paid plan
Per-line options & expiry cliffs
Each option line — code, strike, expiry, quantity and ITM value — plus the expiry-cliff chart.
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Director dealings

DateDirectorTypeSharesOptionsValueSource
6 Jan 2026Mr Paul OstergaardBuy120k——3Y notice
24 Dec 2025Philip OtleyOther250k12.5M$150k3Y notice
24 Dec 2025Philip MarslandOther2.6M12.5M$150k3Y notice
Paid plan
Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
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Ownership

Free account
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

19 July 2026$PQuarterly Activities/Appendix 4C Cash Flow Report
2 July 2026NOTICE UNDER SECTION 708A(5)(e) OF THE CORPORATIONS ACT
30 June 2026$PExtension of repayment of working capital funding of $180k
29 June 2026Notification regarding unquoted securities - NOR
29 June 2026Application for quotation of securities - NOR
17 June 2026Investor Presentation
16 June 2026$POpenSpan Paid Pilot Trial Agreement with a major UK Telco
14 June 2026$PVoicemail services renewal expected to deliver approx $1.5M
2 June 2026OpenSpan Voice AI pilot commences
1 June 2026$PNorwood Secures A$595,000 CogVoice Contract Enhancement
29 Apr 2026$PQuarterly Activities/Appendix 4C Cash Flow Report
23 Apr 2026$PNorwood secures additional working capital funding of $80k
27 Feb 2026$PInterim HY Financial Report & Appendix 4D
26 Feb 2026$PNorwood secures new working capital facility of $200k
21 Jan 2026$PQuarterly Activities/Appendix 4C Cash Flow Report
12 Jan 2026Change of Director's Interest Notice
5 Jan 2026Change of Director's Interest Notice x 2
5 Jan 2026Notification regarding unquoted securities - NOR
5 Jan 2026Notification regarding unquoted securities - NOR
19 Dec 2025Notification regarding unquoted securities - NOR

Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 July 2026.