PROVARIS ENERGY LTD
ASX:PV1EnergyToday’s holders own 88.8% of what they think they own, once every option and right converts.
Share count grew 125% in 24 months; runway 2–4 quarters; 9 cash raises in 24 months
PROVARIS ENERGY LTD increased its ordinary share count 125.4% between October 2024 and October 2026, its latest share-count filing, to 1.42B shares. In the 24-month window, the company raised capital nine times for total proceeds of A$8.0M, most recently a A$1.5M Convertible Note Facility and Share Purchase Plan in September 2026. Options and rights could convert into 180M new shares, a 12.6% overhang; none are in the money, and the nearest expiry is February 2027. The company has 2 to 4 quarters of funding at the recent spend rate. No proposed securities issues are pending.
Quick answers · 4
When did PV1 last raise capital?
The last capital raise in Provaris Energy's filings is Convertible Note Facility and Share Purchase Plan of $1.5M announced 28 Sept 2026, one of 8 cash raises in 24 months.
How much cash does PV1 have?
In its quarterly cash report for the quarter ended 30 June 2026, Provaris Energy reported $1.1M of cash and estimated 1.4 quarters of funding available at its current rate of spending. That is the company's own estimate.
When do PV1's options expire?
Unexercised options and rights equal 12.6% of Provaris Energy's shares on issue; the nearest expiry is Feb 2027.
How much has PV1's share count grown?
Provaris Energy has 1.42B shares on issue as at 28 Oct 2026, up 125.4% 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 |
|---|---|---|---|---|
| 21 Oct 2026 | 2A · quoted issue | PV1 : ORDINARY FULLY PAID | 1.42B | Appendix 2A |
| 29 Sept 2026 | 2A · quoted issue | PV1 : ORDINARY FULLY PAID | 1.20B | Appendix 2A |
| 29 Sept 2026 | 3G · unquoted | PV1 : ORDINARY FULLY PAID | 1.17B | Appendix 3G |
| 7 Sept 2026 | 3G · unquoted | ORDINARY FULLY PAID | 1.17B | Appendix 3G |
| 7 Sept 2026 | 2A · quoted issue | PV1 : ORDINARY FULLY PAID | 1.17B | Appendix 2A |
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
8 cash raises in the last 24 months · 4 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
- Price-triggered153.6M · 10.8% of sharesOptions and warrants — they convert when the share price clears their exercise price.
- Condition-triggered26.0M · 1.8% of sharesPerformance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.
Exercise price on record: 153.6M priced, 26.0M 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.
At $0.004 today, 0 securities are in the money (0.0% of shares on issue). No more priced supply until 5× today’s price, which takes it to 58.3M (4.1% 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.
- 26.0M (14.5% 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.
- 4.0M more carries an exercise price above ten times today’s — off the right of this axis, and in every total on this page.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| PV1AP | Options | Price-triggered | $0.030 | 20 Feb 2027 | 91.3M | Filing |
| PV1AE | Options | Price-triggered | $0.066 | 8 May 2027 | 4.0M | Filing |
| PV1AG | Options | Price-triggered | $0.013 | 4 Sept 2029 | 52.3M | Filing |
| PV1AI | Options | Price-triggered | $0.013 | 28 Sept 2029 | 6.0M | Filing |
| PV1AF | Performance rights | Condition-triggered | — | — | 26.0M | 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.
- PV1AHconvertible notes12021 Oct 2026 Appendix 2A
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 21 Oct 2026 | Andrew Pickering | Buy entitlement/SPP | 1.3M | — | 3.0M | — | 3Y notice |
| 21 Oct 2026 | Martin Carolan | Other entitlement/SPP | 625k | — | 6.0M | — | 3Y notice |
| 20 Oct 2026 | David Palmer | Buy | 2.0M | — | — | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.