RAS TECHNOLOGY HOLDINGS LIMITED
ASX:RTHCommercial & Professional ServicesToday’s holders own 85.2% of what they think they own, once every option and right converts.
Options/rights overhang 17% of shares
RAS TECHNOLOGY HOLDINGS LIMITED ordinary shares stood at 48M as of November 2025, a 2.7% increase from August 2024. The company has not raised capital in the past 24 months and has no pending proposed securities issues. Options and rights on issue could convert into 8M new shares, representing 17.4% of current shares outstanding, with the nearest expiry in August 2027. There is no current quarterly cash report on record to indicate the company's available cash or funding runway.
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 |
|---|---|---|---|---|
| 20 Feb 2026 | 3G · unquoted | ORDINARY FULLY PAID | 47.9M | Appendix 3G |
| 19 Dec 2025 | 3G · unquoted | ORDINARY FULLY PAID | 47.9M | Appendix 3G |
| 28 Nov 2025 | 2A · quoted issue | RTH : ORDINARY FULLY PAID | 47.9M | Appendix 2A |
| 28 Nov 2025 | 3H · cancellation | RTH : ORDINARY FULLY PAID | 47.8M | Appendix 3H |
| 7 Nov 2025 | 2A · quoted issue | RTH : ORDINARY FULLY PAID | 47.8M | Appendix 2A |
Capital raises
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
- Price-triggered5.7M · 11.9% of sharesOptions and warrants — they convert when the share price clears their exercise price.
- Condition-triggered2.6M · 5.5% 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: 5.7M priced, 2.6M 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 $0.60 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 2.5M (5.2% 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.
- 2.6M (31.6% 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.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| RTHAF | Options | Price-triggered | $1.40 | 23 Aug 2027 | 1.1M | Filing |
| RTHAG | Options | Price-triggered | $1.68 | 23 Aug 2028 | 682k | Filing |
| RTHAI | Options | Price-triggered | $1.89 | 23 Aug 2028 | 3.2M | Filing |
| RTHAH | Options | Price-triggered | $1.68 | 23 Apr 2029 | 682k | Filing |
| RTHAD | Performance rights | Condition-triggered | — | — | 2.6M | Filing 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.
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 1 Dec 2025 | Gary Crispe | Sell on-market | 41k | — | — | $40k | 3Y notice |
| 1 Dec 2025 | Stephen Crispe | Sell on-market | 169k | — | — | $165k | 3Y notice |
| 21 Nov 2025 | Gary Crispe | Other incentive | 73k | — | — | $47k | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.