NEXTDC LIMITED

ASX:NXTSoftware & Services

760.5M shares on issueASX (delayed) · snapshot 11 Sept 2026774.6M fully diluted+1.9% if every option and right converts$12.30price · delayed$9.35Bmarket cap · indicative

Today’s holders own 98.2% of what they think they own, once every option and right converts.

Moderate

Dilution risk

Share count grew 20% in 24 months; 5 cash raises in 24 months; proposed issue pending

Absolute levels — not a ranking against other companies.

Cash runwayno data — not a quarterly (4C/5B) cash filer

Share-count growth (24m)20.1%measured to the latest Appendix 2A, not to the share count above

Raise cadence (24m)5 cash raises

Options & rights overhang1.9% of shares

In-the-money supplyno data — no exercise price on record

Pending proposed issuesopen proposed issue (Appendix 3B)

NEXTDC LIMITED's share count was 760M as of August 2026. The company raised capital five times in the 24-month window, for total disclosed proceeds of A$6.6B, with the most recent being a A$1.1B Convertible Notes Offering in September 2026. Options and rights on issue could convert into 14M new shares, equal to 1.9% of the current share count; the nearest expiry date for these securities is not on record, and none are currently in the money. A proposed securities issue (Appendix 3B) is pending, with an expected issue date in September 2026. The company does not lodge current quarterly cash reports, so no cash balance or funding-runway figure is disclosed.

AI-generated summary of this page's cited filings · updated 10 Sept 2026

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1.9%

Options & rights overhang

—

In-the-money supply · no stated strikes

Raises · last 12 months

—

Cash cover · not a quarterly filer

Shares on issue — last 2 years

Ordinary shares on issue

Weekly counts from ASX records. Dots mark cash capital raises. Latest count 760.5M per ASX (delayed) (snapshot 11 Sept 2026).

Cash runway

Not a quarterly cash filer. This company does not lodge Appendix 4C/5B quarterly cash reports, so cash runway does not apply.

Issuance timeline

Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

Date	Form	Security	On issue, per this filing	Source
1 Sept 2026	2A · quoted issue	NXT : ORDINARY FULLY PAID	759.6M	Appendix 2A
7 July 2026	3G · unquoted	NXT : ORDINARY FULLY PAID	759.6M	Appendix 3G
6 July 2026	3G · unquoted	NXT : ORDINARY FULLY PAID	759.6M	Appendix 3G
17 May 2026	2A · quoted issue	NXT : ORDINARY FULLY PAID	759.6M	Appendix 2A
28 Apr 2026	2A · quoted issue	NXT : ORDINARY FULLY PAID	721.7M	Appendix 2A

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 (759.6M) need not equal the current count above (760.5M).

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45 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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Capital raises

5 cash raises in the last 24 months · 5 in the last 12 months

every 1.7 monthsaverage gap between raises

0.1 monthssince the most recent

6 Apr 2026 – 10 Sept 2026first to most recent in this window

$1.10B

Convertible Notes Offering

10 Sept 2026 ACTIVE

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5 raises 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.

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1 dated event 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 allows 15% of ordinary securities in any 12 months, and every Appendix 3B states how much of it an issue uses.

No Appendix 3B in the last 12 months reports an issue under the 15% placement capacity (as at 2026-09-12).

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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

1 proposed issue pending — Appendix 3B lodged, securities not yet issued. New shares from these issues are not in the counts above until quoted.

Paid plan

1 pending issue on record — Pending issue detail

Size, price, fees, broker and placement-capacity usage for each pending issue.

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Options & convertible securities

1.9%

Options & rights overhang · of current shares

—

In-the-money supply · no stated strikes

14.2M

Potential new shares

—

Nearest expiry

What a price move would switch on

No option supply on record carries an exercise price to pay, so no share price switches any of it on. All 14.2M 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
NXTAB	Rights	Condition-triggered	—	—	103k	Filing Meeting
NXTAR	Performance rights	Condition-triggered	—	—	14.0M	Filing 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.

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2 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

Date	Director	Type	Shares	Options	Other	Value	Source
18 May 2026	Douglas Ronald Flynn	Buy entitlement/SPP	24k	—	—	—	3Y notice
18 May 2026	Dr Eileen Doyle	Buy entitlement/SPP	5k	—	—	—	3Y notice
18 May 2026	Mr Jamaludin Ibrahim	Buy entitlement/SPP	3k	—	—	—	3Y notice
18 May 2026	Mrs Deborah Page	Buy entitlement/SPP	834	—	—	—	3Y notice
18 May 2026	Stuart Arthur Davis	Buy entitlement/SPP	10k	—	—	—	3Y notice