Companies / SCP

SCALARE PARTNERS HOLDINGS LIMITED

ASX:SCPFinancial Services
3.6M shares on issueASX (delayed) · snapshot 28 Oct 20266.1M fully diluted+67.3% if every option and right converts$5.03price · delayed$17.7MMarket capAt the previous close. On a day the price moves, shares × today’s price will differ. Prices delayed.

Today’s holders own 59.8% of what they think they own, once every option and right converts.

Very high
Dilution risk

Share count grew 114% in 24 months; runway 2–4 quarters; 5 cash raises in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway2.1 quarters of funding
Share-count growth (24m)114.4%
Raise cadence (24m)5 cash raises
Options & rights overhang67.3% of shares
In-the-money supply58.6% of shares
Pending proposed issuesnone

SCALARE PARTNERS HOLDINGS LIMITED underwent a 1-for-58 share consolidation in August 2026. The share-count change between March 2025 and September 2026 is 114.4%, adjusted for the consolidation, leaving the latest ordinary share count at 4M. Over the past 24 months, the company raised capital five times for total disclosed proceeds of A$13.3M, most recently a A$2.1M Convertible Note Facility in July 2026. Options and rights on issue could convert into 2M new shares, a 67.3% overhang of the current share count, with 59% in the money at the current share price; the nearest expiry falls in March 2027. The company has 2 to 4 quarters of funding at the recent spend rate. No proposed securities issues are pending.

AI-generated summary of this page's cited filings · updated 25 Oct 2026
Quick answers · 3

Why was SCP in a trading halt?

Scalare Partners Holdings requested a trading halt on 6 Oct 2026, giving the reason "Pending release of an announcement in relation to the Convertible Security Funding Agreement previously announced on 2 July 2026 and 26 August 2026". Trading was expected to resume 8 Oct 2026.

When did SCP last raise capital?

The last capital raise in Scalare Partners Holdings's filings is Convertible Note Facility of $2.1M announced 2 July 2026, one of 5 cash raises in 24 months.

When do SCP's options expire?

Unexercised options and rights equal 67.3% of Scalare Partners Holdings's shares on issue; the nearest expiry is Mar 2027.

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67.3%
Options & rights overhang
58.6%
In the moneyAn option whose exercise price is below the last closing share price, so converting it pays. These are the options most likely to become new shares soon. supply
1
Raises · last 12 months
2.1 qtrs
Cash cover · 2–4 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Adjusted for the 1-for-58 consolidation (4 Aug 2026). Latest count 3.6M per ASX (delayed) (snapshot 28 Oct 2026).
1.5M2.0M2.5M3.0M3.5MDec 24Nov 25Oct 261-for-58 consolidationCash raise · 2 July 2026Cash raise · 17 July 2025Cash raise · 17 July 2025Cash raise · 17 July 20253.6M

Cash runway

2.1 qtrs OURS
Two to four quarters of funding at the recent spend rate.
Funds operations to about Apr 2027 at the reported spend rate.
$2.3M cash after burn.
FILED $548k cash · quarter ended 30 Sept 2026
OURS our estimate, carried to todayOURSOur estimate for today. We take the cash in the company’s latest cash report, deduct spending since at its reported rate, and, for quarterly filers, add raises announced after it. It moves daily; announced money may not all be received yet.FILED as the company reportedFILEDAs the company stated it in its latest cash report. Dated to the end of that period, it does not change until the next report.
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8 cash reports on record — Cash runway history
Cash, net spend and cover trend from every Appendix 4C/5B and 4D/4E on record up to 30 Sept 2026.
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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)

DateFormSecurityOn issue, per this filingSource
21 Sept 20262A · quoted issueSCP : ORDINARY FULLY PAID2.7MAppendix 2A
14 Sept 20262A · quoted issueSCP : ORDINARY FULLY PAID2.0MAppendix 2A
28 Aug 20263G · unquotedSCP : ORDINARY FULLY PAID1.5MAppendix 3G
28 Aug 20263G · unquotedSCP : ORDINARY FULLY PAID1.5MAppendix 3G
6 Aug 20263G · unquotedSCPDD : ORDINARY FULLY PAID DEFERRED SETTLEMENT1.5MAppendix 3G

Each filing states the count for the security it names, as at its own reference date and in the units of that filing — so the newest row (2.7M) need not equal the current count above (3.6M).

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22 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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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.

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Securities on issue, by class
How the share count and each option and rights class moved, month by month, with every number in a table.
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Capital raises

5 cash raises in the last 24 months · 1 in the last 12 months

every 9.8 monthsaverage gap between raises
3.9 monthssince the most recent
12 Nov 2024 – 2 July 2026first to most recent in this window
$2.1M
Convertible Note Facility
2 July 2026 ACTIVE
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11 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.

2.1M of option supply could convert within 12 months — 58.6% of shares on issue
2.1M in the money, expiring in the window
Out-of-the-money options are excluded — at today’s price they expire rather than convert. So is condition-triggered supply, which has no expiry and no price, and convertibles that convert on their own terms rather than on a date.
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3 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 / 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.

No estimate — a share consolidation inside the last 12 months puts the filings and the share count in different units.
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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

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

67.3%
Options & rights overhang · of current shares
58.6%
In-the-money supply · at current price
2.4M
Potential new shares
Mar 2027
Nearest expiry
What a price move would switch on
1.2M2.4M$5.03 now0.25× today ($1.26) — 2.1M of the priced supply in the money, 58.6% of shares on issue0.5× today ($2.52) — 2.1M of the priced supply in the money, 58.6% of shares on issue0.75× today ($3.77) — 2.1M of the priced supply in the money, 58.6% of shares on issue1× today ($5.03) — 2.1M of the priced supply in the money, 58.6% of shares on issue1.25× today ($6.29) — 2.1M of the priced supply in the money, 58.6% of shares on issue1.5× today ($7.54) — 2.1M of the priced supply in the money, 58.6% of shares on issue2× today ($10.06) — 2.1M of the priced supply in the money, 58.6% of shares on issue3× today ($15.09) — 2.4M of the priced supply in the money, 67.3% of shares on issue5× today ($25.15) — 2.4M of the priced supply in the money, 67.3% of shares on issue10× today ($50.30) — 2.4M of the priced supply in the money, 67.3% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $5.03 today, 2.1M securities are in the money (58.6% of shares on issue). No more priced supply until 3× today’s price, which takes it to 2.4M (67.3% 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.
CodeSecurityTypeExercise priceExpiryOn issueSource
SCPAZOptionsPrice-triggered$0.01031 Mar 20272.1MFiling
SCPAWOptionsPrice-triggered$10.8010 Sept 2027215kFiling
SCPAYOptionsPrice-triggered$10.804 Dec 2027100kFiling

“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.

1 class ceased in the last 12 months and is not counted above
The company’s own Appendix 2A restates each of these at zero. They are excluded from the overhang, the in-the-money supply and every figure on this page. Each count is the filing’s own count of securities in the class, not a share count — a 2A never states what one security converts into.
  • SCPAXCondition-triggered2.3M securities → 02 July 2026 Appendix 2A
Also on issue: convertible debt, not counted above
These are debt. Each count is the filing’s own count of notes or units, not a share count, and how many shares they would become depends on terms we don’t hold in full (face value, interest, the conversion formula). So they are left out of the options overhang, the in-the-money supply and the parts of the risk score built on them. Placement capacity is different: the listing rules count a note issue at the most shares it can become.
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4 option and convertible-debt 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

DateDirectorTypeSharesOptionsOtherValueSource
14 Aug 2026Adelle HowseSell————3Y notice
14 Aug 2026Giles BourneSell————3Y notice
14 Aug 2026James David WalkerSell————3Y notice
14 Aug 2026James LougheedSell————3Y notice
14 Aug 2026Neil CarterSell————3Y notice
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44 notices on record — 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

Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.