ORBITAL CORPORATION LIMITED
ASX:OECCapital GoodsToday’s holders own 96.0% of what they think they own, once every option and right converts.
Runway under 2 quarters; share count grew 23% in 24 months; 2 cash raises in 24 months
ORBITAL CORPORATION LIMITED's ordinary share count grew 22.8% between March 2024 and May 2026, reaching 179M shares. The company raised capital twice in the past 24 months for total disclosed proceeds of A$5.0M, with the most recent being a A$3.0M placement in August 2025. Options and rights on issue could convert into 8M new shares, representing 4.2% of the current share count, with no options currently in the money; the nearest expiry date is December 2026. As of the June 2026 quarter, the company reported available cash of A$-120K, indicating a negative funding runway. No proposed securities issues are currently pending.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 8 May 2026 | 3H · cancellation | OEC : ORDINARY FULLY PAID | 179.4M | Appendix 3H |
| 8 May 2026 | 3G · unquoted | OEC : ORDINARY FULLY PAID | 179.4M | Appendix 3G |
| 5 May 2026 | 2A · quoted issue | OEC : ORDINARY FULLY PAID | 179.4M | Appendix 2A |
| 28 Aug 2025 | 2A · quoted issue | OEC : ORDINARY FULLY PAID | 179.1M | Appendix 2A |
| 28 Aug 2025 | 3G · unquoted | OEC : ORDINARY FULLY PAID | 164.8M | Appendix 3G |
Capital raises
2 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 allows 15% of ordinary securities in any 12 months, and every Appendix 3B states how much of it an issue uses.
Pending proposed issues
Options & convertible securities
At $0.14 today, 0 securities are in the money (0.0% of shares on issue). No more priced supply until 1.25× today’s price, which takes it to 500k (0.3% 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.
- 1.0M (13.2% of the supply above) states a nil exercise price — nothing is paid to convert it, so no share price switches it on or off. It is the flat band, and it is not part of the in-the-money figure.
- 3.0M (40.4% 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.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| OECAF | Options | Price-triggered | $0.40 | 31 Dec 2026 | 3.0M | Filing |
| OECAC | Options | Price-triggered | Nil | 1 Oct 2029 | 500k | Filing |
| OECAD | Options | Price-triggered | $0.14 | 1 Oct 2029 | 500k | Filing |
| OECAE | Options | Price-triggered | Nil | 8 Dec 2029 | 500k | Filing |
| — | Options | Price-triggered | — | — | 3.0M | 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.
Director dealings
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.