PAINCHEK LTD
ASX:PCKHealth Care Equipment & ServicesToday’s holders own 95.6% of what they think they own, once every option and right converts.
Runway 2–4 quarters; share count grew 28% in 24 months; 3 cash raises in 24 months
PAINCHEK LTD underwent a share consolidation in approximately November 2025. After adjusting for this consolidation, the company's ordinary share count increased by 27.7% between March 2024 and December 2025, to a latest disclosed count of 209M shares. In the past 24 months, PAINCHEK LTD has raised capital three times, totalling A$18.1M. The most recent raise was A$5.5M from Convertible Notes in May 2026. Options and rights on issue could convert into 10M new shares, representing 4.6% of the current share count, with the nearest expiry in September 2029. As of the June 2026 quarter, the company reported A$5.6M in available cash, sufficient for approximately 3.1 quarters of operations. There are no pending proposed issues.
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 |
|---|---|---|---|---|
| 5 Aug 2026 | 3G · unquoted | PCK : ORDINARY FULLY PAID | 209.0M | Appendix 3G |
| 3 July 2026 | 3H · cancellation | PCK : ORDINARY FULLY PAID | 209.0M | Appendix 3H |
| 26 June 2026 | 3G · unquoted | PCK : ORDINARY FULLY PAID | 209.0M | Appendix 3G |
| 28 May 2026 | 3G · unquoted | PCK : ORDINARY FULLY PAID | 209.0M | Appendix 3G |
| 14 Apr 2026 | 3H · cancellation | PCK : ORDINARY FULLY PAID | 209.0M | Appendix 3H |
Capital raises
3 cash raises in the last 24 months · 1 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
- Price-triggered5.0M · 2.4% of sharesOptions and warrants — they convert when the share price clears their exercise price.At least 2.8M of it states no exercise price — that much cannot be called in or out of the money.
- Condition-triggered4.5M · 2.2% of sharesPerformance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.
- Converts on terms110 · 0.0% of sharesConvertibles with no exercise price — they convert on their own terms, so they are shares in all but name.
Exercise price on record: 2.2M priced, 7.4M 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.
An exercise price is on record for only 23.0% of this supply, so what is in the money today is not a measurement — the tile above reads “—” for that reason. Of the priced supply, 0 is in the money at $0.13 today. No more priced supply until 3× today’s price, which takes it to 2.2M (1.1% 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.
- 7.4M (77.0% 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 |
|---|---|---|---|---|---|---|
| PCKAAB | Options | Price-triggered | $0.30 | 6 Sept 2029 | 2.2M | Filing |
| PCKAH | Notes | Converts on terms | — | — | 110 | Filing |
| PCKAR | Options | Price-triggered | — | — | 2.8M | Filing |
| PCKAA | Performance rights | Condition-triggered | — | — | 4.5M | 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.
- PCKAFPrice-triggered125k securities → 03 July 2026 Appendix 2A
- PCKAGPrice-triggered200k securities → 03 July 2026 Appendix 2A
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 3 Aug 2026 | Adam Davey | Other incentive | — | — | 48k | — | 3Y notice |
| 3 Aug 2026 | Cynthia Payne | Other incentive | — | — | 48k | — | 3Y notice |
| 3 Aug 2026 | John Murray | Other incentive | — | — | 97k | — | 3Y notice |
| 3 Aug 2026 | Ross Harricks | Other incentive | — | — | 48k | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.