Companies / NVU

NANOVEU LIMITED

ASX:NVUTechnology Hardware & Equipment
1.09B shares on issueASX (delayed) · snapshot 11 Sept 20261.49B fully diluted+36.8% if every option and right converts$0.059price · delayed$64.2Mmarket cap · indicative

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

Very high
Dilution risk

Share count grew 115% in 24 months; runway 2–4 quarters; 7 cash raises in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway2.3 quarters of funding
Share-count growth (24m)114.7%measured to the latest Appendix 2A, not to the share count above
Raise cadence (24m)7 cash raises
Options & rights overhang36.8% of shares
In-the-money supply12.8% of shares
Pending proposed issuesnone

NANOVEU LIMITED had 1.09B shares outstanding as of July 2026. The company conducted 7 capital raises in the past 24 months, totalling A$15.5M, with the most recent being a A$7.5M placement in January 2026. Options and rights on issue represent potential new shares of 400M, which is 36.8% of the current share count; 13% of these are in the money, and the nearest expiry date is December 2026. As of the June 2026 quarter, NANOVEU LIMITED reported A$3.8M in cash reserves, which would cover approximately 2.3 quarters of operations. No proposed securities issues are currently pending. The share count is the ASX market reading; the filed 2A series ends earlier, so growth over the window is not stated.

AI-generated summary of this page's cited filings · updated 9 Sept 2026
Get told when this changes
Set up alerts
Daily email alerts cover risk-level moves, new raises, pending proposed issues and option expiries for the companies you follow.
36.8%
Options & rights overhang
12.8%
In-the-money supply
1
Raises · last 12 months
2.3 qtrs
Cash cover · 2–4 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 11 Sept 2026).
0.50B0.75B1.00BDec 24Oct 25Sept 26Cash raise · 15 Jan 2026Cash raise · 7 Aug 2025Cash raise · 11 July 2025Cash raise · 28 Apr 2025Cash raise · 22 Jan 2025Cash raise · 2 Jan 20251.09B

Cash runway

2.3 qtrs
Two to four quarters of funding at the recent spend rate.
Funds operations to about Jan 2027 at the reported spend rate.
$3.8M 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: $5.1M cash at quarter end (item 4.6), 3.2 qtrs of funding on the company’s own estimate. Our figure above carries the filed quarter-end balance forward at the reported spend rate and adds announced raise proceeds.
Free account
13 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.
Free account: 2 full company unlocks every month, no card.
Create free accountSee plans

Issuance timeline

Latest 5 filings (Appendix 2A 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
1 July 20262A · quoted issueNVU : ORDINARY FULLY PAID1.08BAppendix 2A
1 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).

Free account
85 filings on record — Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
Free account: 2 full company unlocks every month, no card.
Create free accountSee plans

Capital raises

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

every 2.5 monthsaverage gap between raises
7.9 monthssince the most recent
10 Oct 202415 Jan 2026first to most recent in this window
$7.5M
Placement
15 Jan 2026 COMPLETE
Free account
11 raises on record — Full raise history
Issue price, shares issued, brokers and stated purpose for every raise on record.
Free account: 2 full company unlocks every month, no card.
Create free accountSee plans

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.

129.2M of option supply could convert within 12 months11.9% of shares on issue
129.2M 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.
Free account
9 dated events on record — Forward supply calendar
Option expiries and proposed issues on one forward timeline, with the securities each could add.
Free account: 2 full company unlocks every month, no card.
Create free accountSee plans

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.

About 56% of the 15% placement capacity left — about 44% used by Appendix 3B filings in the last 12 months (estimate, as at 2026-09-12). The company has also placed under the additional 10% (Listing Rule 7.1A), which is not counted in this figure. Holder-approved issues and any later ratification are not deducted, so the true headroom can be higher.
Free account
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.
Free account: 2 full company unlocks every month, no card.
Create free accountSee plans

Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

36.8%
Options & rights overhang · of current shares
12.8%
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 139.2M 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$0.059 now0.25× today ($0.015) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.029) — 40.7M of the priced supply in the money, 3.7% of shares on issue0.75× today ($0.044) — 45.7M of the priced supply in the money, 4.2% of shares on issue1× today ($0.059) — 139.2M of the priced supply in the money, 12.8% of shares on issue1.25× today ($0.074) — 139.2M of the priced supply in the money, 12.8% of shares on issue1.5× today ($0.088) — 139.2M of the priced supply in the money, 12.8% of shares on issue2× today ($0.118) — 144.2M of the priced supply in the money, 13.3% of shares on issue3× today ($0.177) — 201.8M of the priced supply in the money, 18.6% of shares on issue5× today ($0.295) — 201.8M of the priced supply in the money, 18.6% of shares on issue10× today ($0.590) — 201.8M of the priced supply in the money, 18.6% of shares on issue0.25×0.5×0.75×now1.25×1.5×10×

At $0.059 today, 139.2M securities are in the money (12.8% of shares on issue). At double today’s price it is 144.2M (13.3% 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-triggered9 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-triggered129.8MFiling 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.

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.

Free account
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.
Free account: 2 full company unlocks every month, no card.
Create free accountSee plans

Director dealings

DateDirectorTypeSharesOptionsOtherValueSource
26 June 2026Alfred ChongSell incentive42.8M700k3Y notice
26 June 2026David PevcicOther placement1.1M568k$100k3Y notice
26 June 2026Prof Mohamed Sabry AlyOther incentive5.0M3Y notice
26 June 2026Siyuan (Raymond) ChenOther placement227k114k$20k3Y notice
Free account
27 notices on record — Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
Free account: 2 full company unlocks every month, no card.
Create free accountSee plans

Ownership

Free account
Top-20 holders & substantial holder notices
Top-20 register snapshot and substantial-holder movements, each linked to its source notice.
Free account: 2 full company unlocks every month, no card.
Create free account

Latest announcements

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