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, its latest share-count filing, to 179M shares. In the past 24 months it raised capital twice for total disclosed proceeds of A$5.0M, most recently a A$3.0M placement in August 2025. Options and rights on issue could convert into 8M new shares, representing 4.2% of current shares, with none in the money at the current share price; the nearest expiry is December 2026. The company reports under 2 quarters of funding at the recent spend rate from its latest quarterly cash report (September 2026). No proposed securities issues are currently pending.
Quick answers · 5
When did OEC last raise capital?
The last capital raise in Orbital Corporation's filings is Placement of $3.0M announced 21 Aug 2025, one of 2 cash raises in 24 months.
How much placement capacity does OEC have left?
None of the 15% placement capacity counted as used in the last 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 OEC have?
In its quarterly cash report for the quarter ended 30 Sept 2026, Orbital Corporation reported $884k of cash and estimated 2.5 quarters of funding available at its current rate of spending. That is the company's own estimate.
When do OEC's options expire?
Unexercised options and rights equal 4.2% of Orbital Corporation's shares on issue; the nearest expiry is Dec 2026.
How much has OEC's share count grown?
Orbital Corporation has 179.4M shares on issue as at 28 Oct 2026, up 22.8% 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 |
|---|---|---|---|---|
| 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 |
| 29 Aug 2025 | 2A · quoted issue | OEC : ORDINARY FULLY PAID | 179.1M | Appendix 2A |
| 29 Aug 2025 | 3G · unquoted | OEC : ORDINARY FULLY PAID | 164.8M | Appendix 3G |
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
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 / 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
At $0.12 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, no exercise price stated | — | — | 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. 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.