Companies / PIL

PEPPERMINT INNOVATION LIMITED

ASX:PILSoftware & ServicesSuspended from quotation
3.22B shares on issueASX (delayed) · snapshot 11 Sept 20263.49B fully diluted+8.2% if every option and right converts$0.004price · delayed—market cap · indicative

Today’s holders own 92.4% of what they think they own, once every option and right converts.

Not rated
Dilution risk

Not rated — the company is suspended from quotation

This company is suspended from ASX quotation. Scoring is paused until it resumes trading. Not rated means no assessment — not low risk.

MinimalVery high
Not placed on this scale.
Cash runway1.0 quarters of funding
Share-count growth (24m)51.9%
Raise cadence (24m)11 cash raises
Options & rights overhang8.2% of shares
In-the-money supply0.0% of shares
Pending proposed issuesopen proposed issue (Appendix 3B)

PEPPERMINT INNOVATION LIMITED's ordinary share count grew 51.9% between May 2024 and April 2026, reaching 3.22B shares. In the past 24 months, the company has raised capital 11 times, with total disclosed proceeds of A$6.9M. The most recent raise was a placement in September 2026 for A$750K. Options on issue could convert into 265M new shares, representing 8.2% of the current share count, none of which are currently in the money. The nearest expiry date for these options is March 2027. As of the June 2026 quarter, the company held A$658K in available cash, which covers approximately 1.0 quarter of its operating expenses. One proposed securities issue is pending, with an expected issue date in October 2026.

AI-generated summary of this page's cited filings · updated 11 Sept 2026
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8.2%
Options & rights overhang
0.0%
In-the-money supply
7
Raises · last 12 months
1.0 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 3.22B per ASX (delayed) (snapshot 11 Sept 2026).
2.25B2.50B2.75B3.00B3.25BDec 24Oct 25Aug 26Cash raise · 4 Mar 2026Cash raise · 3 Mar 2026Cash raise · 20 Feb 2026Cash raise · 5 Feb 2026Cash raise · 19 Dec 2025Cash raise · 17 Dec 2025Cash raise · 19 Aug 2025Cash raise · 28 May 2025Cash raise · 11 Apr 20253.22B

Cash runway

1.0 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
The latest quarterly report funded operations to about Sept 2026 — that date has passed, and no later report is on record.
$651k 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: $430k cash at quarter end (item 4.6), 0.7 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
30 Apr 20262A · quoted issuePIL : ORDINARY FULLY PAID3.22BAppendix 2A
5 Mar 20262A · quoted issuePIL : ORDINARY FULLY PAID2.92BAppendix 2A
24 Feb 20262A · quoted issuePIL : ORDINARY FULLY PAID2.61BAppendix 2A
24 Feb 20263G · unquotedORDINARY FULLY PAID2.59BAppendix 3G
22 Feb 20263G · unquotedPIL : ORDINARY FULLY PAID2.59BAppendix 3G
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30 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

11 cash raises in the last 24 months · 7 in the last 12 months

every 2.2 monthsaverage gap between raises
0.2 monthssince the most recent
31 Oct 2024 – 7 Sept 2026first to most recent in this window
$750k
Placement
7 Sept 2026 ACTIVE
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12 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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6 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.

About 23% of the 15% placement capacity left — about 77% used by Appendix 3B filings in the last 12 months (estimate, as at 2026-09-12). The company has also placed under the additional 10% (Listing Rule 7.1A), which is not counted in this figure. Holder-approved issues and any later ratification are not deducted, so the true headroom can be higher.
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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

1 proposed issue pending — Appendix 3B lodged, securities not yet issued. New shares from these issues are not in the counts above until quoted.
Paid plan
1 pending issue on record — Pending issue detail
Size, price, fees, broker and placement-capacity usage for each pending issue.
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Options & convertible securities

8.2%
Options & rights overhang · of current shares
0.0%
In-the-money supply · at current price
265.2M
Potential new shares
Mar 2027
Nearest expiry
What this supply is, and what converts it
  • Price-triggered145.0M · 4.5% of shares
    Options and warrants — they convert when the share price clears their exercise price.
  • Condition-triggered120.0M · 3.7% of shares
    Performance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.
  • Converts on terms235k · 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: 145.0M priced, 120.2M 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
132.6M265.2M$0.004 now0.25× today ($0.001) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.002) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.003) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.004) — 0 of the priced supply in the money, 0.0% of shares on issue1.25× today ($0.005) — 80.0M of the priced supply in the money, 2.5% of shares on issue1.5× today ($0.006) — 80.0M of the priced supply in the money, 2.5% of shares on issue2× today ($0.008) — 80.0M of the priced supply in the money, 2.5% of shares on issue3× today ($0.012) — 95.0M of the priced supply in the money, 2.9% of shares on issue5× today ($0.020) — 115.0M of the priced supply in the money, 3.6% of shares on issue10× today ($0.040) — 145.0M of the priced supply in the money, 4.5% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.004 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 80.0M (2.5% 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.
  • 120.2M (45.3% 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
PILATOptionsPrice-triggered$0.0101 Mar 202715.0MFiling
PILAUOptionsPrice-triggered$0.0151 Mar 202720.0MFiling
PILAVOptionsPrice-triggered$0.0201 Mar 202715.0MFiling
PILASOptionsPrice-triggered$0.0221 Mar 202715.0MFiling
PILAYOptionsPrice-triggered$0.00430 Jan 202980.0MFiling
PILAWNotesConverts on terms——235kFiling
PILAXPerformance rightsCondition-triggered——120.0MFiling 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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7 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

No director dealing notices (Appendix 3Y) on record.
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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

8 Sept 2026Full Year Statutory Accounts
7 Sept 2026Proposed issue of securities - PIL
31 Aug 2026$PPreliminary Final Report
31 July 2026$PQuarterly Report and 4C June 2026
30 Apr 2026Application for quotation of securities - PIL
30 Apr 2026$PQuarterly Activities/Appendix 4C Cash Flow Report
27 Apr 2026Results of Meeting
27 Mar 2026Notice of General Meeting/Proxy Form
22 Mar 2026$PHalf Yearly Report and Accounts
5 Mar 2026Application for quotation of securities - PIL
5 Mar 2026Update - Proposed issue of securities - PIL
5 Mar 2026Update - Proposed issue of securities - PIL
4 Mar 2026Proposed issue of securities - PIL
4 Mar 2026Proposed issue of securities - PIL
4 Mar 2026$PPeppermint attracts $2.1M from Philippines Payment Sector
27 Feb 2026Half Yearly Accounts delay
24 Feb 2026Notification regarding unquoted securities - PIL
24 Feb 2026Application for quotation of securities - PIL
23 Feb 2026Update - Proposed issue of securities - PIL
22 Feb 2026Update - Notification regarding unquoted securities - PIL

Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.