Companies / OSX

OSTEOPORE LIMITED

ASX:OSXHealth Care Equipment & Services
693.6M shares on issueASX (delayed) · snapshot 11 Sept 2026705.4M fully diluted+1.7% if every option and right converts$0.004price · delayed$2.8Mmarket cap · indicative

Today’s holders own 98.3% of what they think they own, once every option and right converts.

High
Dilution risk

Runway under 2 quarters; share count grew 500% in 24 months; 4 cash raises in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway0.8 quarters of funding
Share-count growth (24m)500.2%
Raise cadence (24m)4 cash raises
Options & rights overhang1.7% of shares
In-the-money supplyno data — no exercise price on record
Pending proposed issuesnone

OSTEOPORE LIMITED's ordinary share count grew 500.2% between July 2024 and July 2026, reaching 694M shares. In the past 24 months, the company raised capital four times for total disclosed proceeds of A$18.0M, most recently issuing convertible notes in April 2025 totalling A$5.8M. Options and rights on issue could convert into 12M new shares, representing 1.7% of the current share count, with none currently in the money. An expiry date for these securities is not on record. At the June 2026 quarter, the company reported A$629K in available cash, covering approximately 0.8 quarters of its recent spending rate. No proposed securities issues are pending.

AI-generated summary of this page's cited filings · updated 11 Sept 2026
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1.7%
Options & rights overhang
In-the-money supply · no stated strikes
0
Raises · last 12 months
0.8 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 693.6M per ASX (delayed) (snapshot 11 Sept 2026).
200M400M600MDec 24Oct 25Sept 26Cash raise · 7 Apr 2025Cash raise · 27 Mar 2025Cash raise · 13 Feb 2025Cash raise · 23 Dec 2024693.6M

Cash runway

0.8 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
The latest quarterly report funded operations to about Aug 2026 — that date has passed, and no later report is on record.
$620k 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: $1.3M cash at quarter end (item 4.6), 22.1 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.
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15 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.
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Issuance timeline

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

DateFormSecurityOn issue, per this filingSource
23 July 20262A · quoted issueOSX : ORDINARY FULLY PAID693.6MAppendix 2A
22 June 20263G · unquotedOSX : ORDINARY FULLY PAID678.4MAppendix 3G
15 June 20263H · cancellationOSX : ORDINARY FULLY PAID678.4MAppendix 3H
8 June 20262A · quoted issueOSX : ORDINARY FULLY PAID678.4MAppendix 2A
12 May 20262A · quoted issueOSX : ORDINARY FULLY PAID626.4MAppendix 2A
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56 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

4 cash raises in the last 24 months · 0 in the last 12 months

every 1.1 monthsaverage gap between raises
17.2 monthssince the most recent
23 Dec 20247 Apr 2025first to most recent in this window
$5.8M
Convertible Notes
7 Apr 2025
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6 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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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

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

1.7%
Options & rights overhang · of current shares
In-the-money supply · no stated strikes
11.8M
Potential new shares
Nearest expiry
What this supply is, and what converts it
  • Condition-triggered11.8M · 1.7% of shares
    Performance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.
  • Converts on terms48 · 0.0% of shares
    Convertibles with no exercise price — they convert on their own terms, so they are shares in all but name.

Exercise price on record: 0 priced, 11.8M 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

No option supply on record carries an exercise price to pay, so no share price switches any of it on. All 11.8M of it converts on something else — a hurdle that may never be met, or terms the filing does not price.

CodeSecurityTypeExercise priceExpiryOn issueSource
OSXAMNotesConverts on terms48Filing
OSXAKPerformance rightsCondition-triggered11.8MFiling 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.

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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

DateDirectorTypeSharesOptionsOtherValueSource
7 May 2025Daniel OwOther125k3Y notice
7 May 2025Daniel OwOther125k3Y notice
7 May 2025Mark LeongOther25k1.1M3Y notice
7 May 2025Mark LeongOther incentive138k25k3Y notice
7 May 2025Michael KeenanOther125k3Y notice
7 May 2025Prof. TeohOther incentive3Y notice
7 May 2025Yujing LimOther527k1k3Y notice
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8 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 12 Sept 2026.