NEURIZER LTD
ASX:NRZMaterialsSuspended from quotationToday’s holders own 98.5% of what they think they own, once every option and right converts.
Not rated — the company is suspended from quotation
This company is suspended from ASX quotation. Scoring is paused until it resumes trading. Not rated means no assessment — not low risk.
NEURIZER LTD's ordinary share count rose 60.6% between August 2024 and October 2026, its latest share-count filing, to 3.50B shares. It raised capital four times in that period, with total disclosed proceeds of A$657K; the most recent was a A$200K placement in February 2025. Options and rights on issue could convert into 53M new shares, representing 1.5% of the current share count; none are in the money, and the nearest expiry is July 2027. The latest cash report shows non-negative net cash flow, so no funding-runway figure applies. No proposed securities issues are pending.
Quick answers · 5
When did NRZ last raise capital?
The last capital raise in Neurizer's filings is Placement of $200k announced 17 Feb 2025, one of 4 cash raises in 24 months.
How much placement capacity does NRZ have left?
About 41% of the 15% placement capacity left, about 59% used in 12 months (estimate). Under ASX Listing Rule 7.1 a company may place up to 15% of its shares in 12 months without shareholder approval.
How much cash does NRZ have?
In its quarterly cash report for the quarter ended 30 June 2026, Neurizer reported $1.3M of cash and estimated 0.6 quarters of funding available at its current rate of spending. That is the company's own estimate.
When do NRZ's options expire?
Unexercised options and rights equal 1.5% of Neurizer's shares on issue; the nearest expiry is July 2027.
How much has NRZ's share count grown?
Neurizer has 3.50B shares on issue as at 19 Oct 2026, up 60.6% 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 |
|---|---|---|---|---|
| 19 Oct 2026 | 2A · quoted issue | NRZ : ORDINARY FULLY PAID | 3.50B | Appendix 2A |
| 19 Oct 2026 | 2A · quoted issue | NRZ : ORDINARY FULLY PAID | 3.50B | Appendix 2A |
| 19 Oct 2026 | 2A · quoted issue | NRZ : ORDINARY FULLY PAID | 3.50B | Appendix 2A |
| 6 Oct 2026 | 3H · cancellation | NRZ : ORDINARY FULLY PAID | 3.40B | Appendix 3H |
| 4 May 2026 | 2A · quoted issue | NRZ : ORDINARY FULLY PAID | 3.37B | Appendix 2A |
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 · 0 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 53.4M of it states a NIL exercise price: nothing is paid to convert it, so it converts at any price rather than on a hurdle.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| NRZAT | Options | Price-triggered | Nil | 25 July 2027 | 405k | Filing |
| NRZAW | Options | Price-triggered | Nil | 14 Feb 2028 | 7.1M | Filing |
| NRZAY | Options | Price-triggered | Nil | 29 May 2028 | 46.0M | 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. For what expires soon across other listed companies, see the options expiry calendar.
Director dealings
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.