Companies / NVU

NANOVEU LIMITED

ASX:NVUTechnology Hardware & Equipment
1.09B shares on issueASX (delayed) · snapshot 28 Oct 20261.49B fully diluted+36.8% if every option and right converts$0.046price · delayed$50.0MMarket capAt the previous close. On a day the price moves, shares × today’s price will differ. Prices delayed.

Today’s holders own 73.1% of what they think they own, once every option and right converts.

Very high
Dilution risk

Runway under 2 quarters; share count grew 115% in 24 months; 6 cash raises in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway1.8 quarters of funding
Share-count growth (24m)114.8%measured to the latest Appendix 2A, not to the share count above
Raise cadence (24m)6 cash raises
Options & rights overhang36.8% of shares
In-the-money supply4.2% of shares
Pending proposed issuesnone

NANOVEU LIMITED's ordinary share count stood at 1.09B as of July 2026, the latest filing. The share-count change figure is not available because the filed Appendix 2A series ends earlier than the market reading. The company raised capital six times in the past 24 months for A$14.9M, most recently a A$7.5M placement in January 2026. Options and rights could convert into 400M new shares, equal to 36.8% of current shares, of which 4% are in the money; the nearest expiry is December 2026. Cash from the June 2026 quarter provides under 2 quarters of funding at the recent spend rate. No proposed securities issues are pending.

AI-generated summary of this page's cited filings · updated 17 Oct 2026
Quick answers · 4

When did NVU last raise capital?

The last capital raise in Nanoveu's filings is Placement of $7.5M announced 20 Jan 2026, one of 6 cash raises in 24 months.

How much placement capacity does NVU have left?

About 52% of the 15% placement capacity left, about 48% 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 NVU have?

In its quarterly cash report for the quarter ended 30 June 2026, Nanoveu reported $5.1M of cash and estimated 3.2 quarters of funding available at its current rate of spending. That is the company's own estimate.

When do NVU's options expire?

Unexercised options and rights equal 36.8% of Nanoveu's shares on issue; the nearest expiry is Dec 2026.

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36.8%
Options & rights overhang
4.2%
In the moneyAn option whose exercise price is below the last closing share price, so converting it pays. These are the options most likely to become new shares soon. supply
1
Raises · last 12 months
1.8 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 1.09B per ASX (delayed) (snapshot 28 Oct 2026).
0.50B0.75B1.00BDec 24Nov 25Oct 26Cash raise · 20 Jan 2026Cash raise · 7 Aug 2025Cash raise · 11 July 2025Cash raise · 1 May 2025Cash raise · 22 Jan 2025Cash raise · 3 Jan 20251.09B

Cash runway

1.8 qtrs OURS
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
Funds operations to about Mar 2027 at the reported spend rate.
$2.9M cash after burn.
FILED 3.2 qtrs · $5.1M cash · quarter ended 30 June 2026
OURS our estimate, carried to todayOURSOur estimate for today. We take the cash in the company’s latest cash report, deduct spending since at its reported rate, and, for quarterly filers, add raises announced after it. It moves daily; announced money may not all be received yet.$5.1M cash at 30 Jun 2026 − $2.2M spent ($1.7M a quarter × 120 days) = $2.9M left → 1.8 qtrsFILED as the company reportedFILEDAs the company stated it in its latest cash report. Dated to the end of that period, it does not change until the next report.
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13 cash reports on record — Cash runway history
Cash, net spend and cover trend from every Appendix 4C/5B and 4D/4E on record up to 30 June 2026.
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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)

DateFormSecurityOn issue, per this filingSource
2 July 20262A · quoted issueNVU : ORDINARY FULLY PAID1.08BAppendix 2A
2 July 20263G · unquotedORDINARY FULLY PAID1.08BAppendix 3G
2 July 20262A · quoted issueNVU : ORDINARY FULLY PAID1.08BAppendix 2A
2 July 20263G · unquotedORDINARY FULLY PAID1.08BAppendix 3G
29 June 20263H · cancellationORDINARY FULLY PAID1.08BAppendix 3H

Each filing states the count for the security it names, as at its own reference date and in the units of that filing — so the newest row (1.08B) need not equal the current count above (1.09B).

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85 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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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.

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Securities on issue, by class
How the share count and each option and rights class moved, month by month, with every number in a table.
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Capital raises

6 cash raises in the last 24 months · 1 in the last 12 months

every 2.5 monthsaverage gap between raises
9.2 monthssince the most recent
3 Jan 2025 – 20 Jan 2026first to most recent in this window
$7.5M
Placement
At 8.8c, 9.3% below the last close
20 Jan 2026 COMPLETE
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11 issues (incl. 3 exercises or conversions) on record — 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.

35.7M of option supply could convert within 12 months — 3.3% of shares on issue
35.7M in the money, expiring in the window
Out-of-the-money options are excluded — at today’s price they expire rather than convert. So is condition-triggered supply, which has no expiry and no price, and convertibles that convert on their own terms rather than on a date.
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9 dated events on record — 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 / 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.

About 52% of the 15% placement capacity left — about 48% used by Appendix 3B filings in the last 12 months (estimate, as at 2026-10-28). The company has also placed under the additional 10% (Listing Rule 7.1A), which is not counted in this figure. Holders passed a ratification we could not match to exactly one filing, or whose number of shares the result does not state, and shares issued with holder approval are not added to the base, so the true headroom may be higher.
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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

36.8%
Options & rights overhang · of current shares
4.2%
In-the-money supply · at current price
400.4M
Potential new shares
Dec 2026
Nearest expiry
What this supply is, and what converts it
  • Price-triggered270.6M · 24.9% of shares
    Options and warrants — they convert when the share price clears their exercise price.
    At least 68.8M of it states no exercise price — that much cannot be called in or out of the money.
  • Condition-triggered129.8M · 11.9% of shares
    Performance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.

Exercise price on record: 201.8M priced (of which 45.7M in the money), 198.6M 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
200.2M400.4M$0.046 now0.25× today ($0.011) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.023) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.035) — 40.7M of the priced supply in the money, 3.7% of shares on issue1× today ($0.046) — 45.7M of the priced supply in the money, 4.2% of shares on issue1.25× today ($0.057) — 139.2M of the priced supply in the money, 12.8% of shares on issue1.5× today ($0.069) — 139.2M of the priced supply in the money, 12.8% of shares on issue2× today ($0.092) — 139.2M of the priced supply in the money, 12.8% of shares on issue3× today ($0.138) — 144.2M of the priced supply in the money, 13.3% of shares on issue5× today ($0.230) — 201.8M of the priced supply in the money, 18.6% of shares on issue10× today ($0.460) — 201.8M of the priced supply in the money, 18.6% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.046 today, 45.7M securities are in the money (4.2% of shares on issue). No more priced supply until 1.25× today’s price, which takes it to 139.2M (12.8% of shares).

  • Priced supply in the money at the price on the axis — the curve, and the only thing on it. Ten prices, sampled: between two of them the true figure lies between the two.
  • 198.6M (49.6% of the supply above) states no exercise price at all. It cannot be called in or out of the money at any price, which is why it is hatched rather than plotted.
CodeSecurityTypeExercise priceExpiryOn issueSource
NVUAABOptionsPrice-triggered$0.05031 Dec 202610.0MFiling
NVUAAAOptionsPrice-triggered$0.05031 Dec 202683.4MFiling
NVUATOptionsPrice-triggered$0.02530 Jan 202723.4MFiling
NVUAUOptionsPrice-triggered$0.02514 Feb 202712.4MFiling
NVUOOptionsPrice-triggered, no exercise price stated—9 May 202768.8MFiling
NVUAACOptionsPrice-triggered$0.1020 Aug 20285.0MFiling
NVUAAOptionsPrice-triggered$0.1527 Jan 202957.6MFiling
NVUAYOptionsPrice-triggered$0.0256 Jan 20305.0MFiling
NVUAZOptionsPrice-triggered$0.0356 Jan 20305.0MFiling
NVUAIPerformance rightsCondition-triggered——129.8MFiling 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.

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10 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
26 June 2026Alfred ChongSell incentive42.8M—700k—3Y notice
26 June 2026David PevcicOther placement1.1M568k—$100k3Y notice
26 June 2026Prof Mohamed Sabry AlyOther incentive5.0M———3Y notice
26 June 2026Siyuan (Raymond) ChenOther placement227k114k—$20k3Y notice
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27 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 28 Oct 2026.