Companies / PDI

PREDICTIVE DISCOVERY LIMITED

ASX:PDIMaterials
988.0M shares on issueASX (delayed) · snapshot 11 Sept 20261.02B fully diluted+3.2% if every option and right converts$4.79price · delayed$4.73Bmarket cap · indicative

Today’s holders own 96.9% of what they think they own, once every option and right converts.

Low
Dilution risk

Share count grew 108% in 24 months; 1 cash raise in 24 months; 2% of shares in the money

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runwaycash-generative (no net burn)
Share-count growth (24m)108.4%measured to the latest Appendix 2A, not to the share count above
Raise cadence (24m)1 cash raise
Options & rights overhang3.2% of shares
In-the-money supply2.0% of shares
Pending proposed issuesnone

PREDICTIVE DISCOVERY LIMITED will undergo a share consolidation of approximately 1-for-5 in August 2026. As of September 2026, the company's ordinary share count stands at 988M shares, adjusted for the consolidation. The share count is the ASX market reading; the filed 2A series ends earlier, so growth over the window is not stated. In the past 24 months, the company has had one capital raise, a placement in February 2025 which raised A$69.2M. Options and rights on issue could convert into 32M new shares, representing 3.2% of the current share count, with 2% in the money and the nearest expiry in April 2028. At the June 2026 quarter, the company reported A$476.1M in available cash, with no funding-runway figure applying as the latest quarter reported non-negative net cash flow. No proposed securities issues are pending.

AI-generated summary of this page's cited filings · updated 11 Sept 2026
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3.2%
Options & rights overhang
2.0%
In-the-money supply
0
Raises · last 12 months
No net burn
Cash cover · cash-generative

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Adjusted for the 1-for-5 consolidation (24 Aug 2026). Latest count 988.0M per ASX (delayed) (snapshot 11 Sept 2026).
0.50B0.75B1.00BDec 24Oct 25Sept 261-for-5 consolidationCash raise · 4 Feb 2025988.0M

Cash runway

The latest quarterly report shows no net cash burn, so there is no cash-out date.
$476.6M 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: $280.7M cash at quarter end (item 4.6). Our figure above carries the filed quarter-end balance forward at the reported spend rate and adds announced raise proceeds.
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11 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
11 Sept 20263G · unquotedPDI : ORDINARY FULLY PAID988.0MAppendix 3G
6 July 20262A · quoted issuePDI : ORDINARY FULLY PAID4.90BAppendix 2A
3 July 20262A · quoted issuePDI : ORDINARY FULLY PAID4.94BAppendix 2A
30 June 20262A · quoted issuePDI : ORDINARY FULLY PAID4.90BAppendix 2A
10 June 20262A · quoted issuePDI : ORDINARY FULLY PAID4.89BAppendix 2A
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38 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

1 cash raise in the last 24 months · 0 in the last 12 months

$69.2M
Placement
4 Feb 2025
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8 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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2 dated events 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 estimatea share consolidation inside the last 12 months puts the filings and the share count in different units.
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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

3.2%
Options & rights overhang · of current shares
2.0%
In-the-money supply · at current price
31.7M
Potential new shares
Apr 2028
Nearest expiry
What this supply is, and what converts it
  • Price-triggered29.4M · 3.0% of shares
    Options and warrants — they convert when the share price clears their exercise price.
    At least 9.7M of it states no exercise price — that much cannot be called in or out of the money.
  • Condition-triggered2.3M · 0.2% of shares
    Performance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.

Exercise price on record: 19.7M priced (of which 19.7M in the money), 12.0M 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
15.8M31.7M$4.79 now0.25× today ($1.20) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($2.40) — 19.7M of the priced supply in the money, 2.0% of shares on issue0.75× today ($3.59) — 19.7M of the priced supply in the money, 2.0% of shares on issue1× today ($4.79) — 19.7M of the priced supply in the money, 2.0% of shares on issue1.25× today ($5.99) — 19.7M of the priced supply in the money, 2.0% of shares on issue1.5× today ($7.19) — 19.7M of the priced supply in the money, 2.0% of shares on issue2× today ($9.58) — 19.7M of the priced supply in the money, 2.0% of shares on issue3× today ($14.37) — 19.7M of the priced supply in the money, 2.0% of shares on issue5× today ($23.95) — 19.7M of the priced supply in the money, 2.0% of shares on issue10× today ($47.90) — 19.7M of the priced supply in the money, 2.0% of shares on issue0.25×0.5×0.75×now1.25×1.5×10×

At $4.79 today, 19.7M securities are in the money (2.0% of shares on issue). No price up to ten times today’s switches on any more priced supply.

  • 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.
  • 12.0M (38.0% 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.
CodeSecurityTypeExercise priceExpiryOn issueSource
PDIABWarrantsPrice-triggered$1.8015 Apr 202819.7MFiling
Performance rightsCondition-triggered31 Dec 20292.2MFiling Meeting
PDIADCondition-triggered157kFiling Meeting
PDIACOptionsPrice-triggered9.7MFiling

“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.

2 classes ceased in the last 12 months and are not counted above
The company’s own Appendix 2A restates each of these at zero. They are excluded from the overhang, the in-the-money supply and every figure on this page. Each count is the filing’s own count of securities in the class, not a share count — a 2A never states what one security converts into.
  • PDIAWPrice-triggered2.0M securities → 06 July 2026 Appendix 2A
  • PDIAYCondition-triggered73.7M securities → 016 Apr 2026 Appendix 2A
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4 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
6 July 2026Simon JacksonBuy1.5M3Y notice
6 July 2026Steven MichaelBuy1.5M3Y notice
3 July 2026Alain WilliamBuy2.0M3Y notice
3 July 2026Matthew WilcoxBuy19.7M19.7M3Y notice
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32 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.