POLARX LIMITED
ASX:PXXMaterialsToday’s holders own 92.8% of what they think they own, once every option and right converts.
Runway under 2 quarters; share count grew 15% in 24 months; 1 cash raise in 24 months
POLARX LIMITED's ordinary share count grew 14.7% between August 2024 and February 2026, its latest share-count filing, to 2.73B shares. In the past 24 months, the company raised capital once, totalling A$5.1M, in a Placement in September 2025. Options and rights on issue could convert into 210M new shares, equivalent to 7.7% of the current share count, with none in the money at the current share price; the nearest expiry falls in February 2029. The company has under 2 quarters of funding at the recent spend rate.
Quick answers · 5
When did PXX last raise capital?
The last capital raise in Polarx's filings is Placement of $5.1M announced 8 Sept 2025, one of 1 cash raises in 24 months.
How much placement capacity does PXX have left?
About 93% of the 15% placement capacity left, about 7% used in 12 months (estimate). Under ASX Listing Rule 7.1 a company may place up to 15% of its shares in 12 months without shareholder approval.
How much cash does PXX have?
In its quarterly cash report for the quarter ended 30 Sept 2026, Polarx reported $4.0M of cash and estimated 0.7 quarters of funding available at its current rate of spending. That is the company's own estimate.
When do PXX's options expire?
Unexercised options and rights equal 7.7% of Polarx's shares on issue; the nearest expiry is Feb 2029.
How much has PXX's share count grown?
Polarx has 2.73B shares on issue as at 28 Oct 2026, up 14.7% 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 |
|---|---|---|---|---|
| 13 Aug 2026 | 3G · unquoted | PXX : ORDINARY FULLY PAID | 2.73B | Appendix 3G |
| 12 Feb 2026 | 2A · quoted issue | PXX : ORDINARY FULLY PAID | 2.73B | Appendix 2A |
| 10 Feb 2026 | 3G · unquoted | PXX : ORDINARY FULLY PAID | 2.72B | Appendix 3G |
| 14 Jan 2026 | 2A · quoted issue | PXX : ORDINARY FULLY PAID | 2.72B | Appendix 2A |
| 10 Dec 2025 | 3G · unquoted | PXX : ORDINARY FULLY PAID | 2.72B | Appendix 3G |
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
1 cash raise in the last 24 months · 0 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
At $0.015 today, 0 securities are in the money (0.0% of shares on issue). No more priced supply until 3× today’s price, which takes it to 210.0M (7.7% 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.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| PXXAB | Options | Price-triggered | $0.031 | 9 Feb 2029 | 30.0M | Filing |
| PXXAA | Options | Price-triggered | $0.031 | 2 Oct 2029 | 180.0M | 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.
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 10 Dec 2025 | Charles Frazer Tabeart | Other incentive | — | 13.5M | — | — | 3Y notice |
| 10 Dec 2025 | Jason Berton | Other incentive | 22.0M | 54.0M | — | — | 3Y notice |
| 10 Dec 2025 | Mark Bojanjac | Other incentive | 5.0M | 54.0M | — | — | 3Y notice |
| 10 Dec 2025 | Robert Boaz | Other incentive | — | 13.5M | — | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.