POLARX LIMITED
ASX:PXXMaterialsToday’s holders own 92.8% of what they think they own, once every option and right converts.
Share count grew 15% in 24 months; 1 cash raise in 24 months; options/rights overhang 8% of shares
POLARX LIMITED's ordinary share count grew 14.7% between August 2024 and February 2026, reaching 2.73B shares. In the past 24 months, the company has undertaken one capital raise, a placement in September 2025, which brought in A$5.1M. Options on issue represent a potential of 210M new shares, which is 7.7% of the current share count; none of these options are in the money, and the nearest expiry date is February 2029. As of June 2026, the company reported A$9.7M in cash, sufficient to cover 26.0 quarters of operating expenses. There are no proposed securities issues pending.
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 |
|---|---|---|---|---|
| 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 |
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 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
At $0.024 today, 0 securities are in the money (0.0% of shares on issue). No more priced supply until 1.5× 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.
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 12 Sept 2026.