Companies / SHG

SINGULAR HEALTH GROUP LTD

ASX:SHGHealth Care Equipment & Services
326.1M shares on issueASX (delayed) · snapshot 11 Sept 2026412.8M fully diluted+26.6% if every option and right converts$0.20price · delayed$63.6Mmarket cap · indicative

Today’s holders own 79.0% of what they think they own, once every option and right converts.

Moderate
Dilution risk

Share count grew 61% in 24 months; 4 cash raises in 24 months; options/rights overhang 27% of shares

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway10.7 quarters of funding
Share-count growth (24m)61.2%
Raise cadence (24m)4 cash raises
Options & rights overhang26.6% of shares
In-the-money supply13.4% of shares
Pending proposed issuesnone

SINGULAR HEALTH GROUP LTD's ordinary share count grew 61.2% between July 2024 and August 2026, reaching 326M shares. The company completed four capital raises totalling A$13.0M in the past 24 months, with the most recent being an A$8.0M placement in June 2025. Options and rights on issue could convert into 87M new shares, representing 26.6% of the current share count, with 13% of these options in the money; the nearest expiry date is February 2027. As of the June 2026 quarter, the company held A$9.4M in available cash, which covers approximately 10.7 quarters of its operating expenses. There are no pending proposed securities issues.

AI-generated summary of this page's cited filings · updated 8 Sept 2026
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26.6%
Options & rights overhang
13.4%
In-the-money supply
0
Raises · last 12 months
10.7 qtrs
Cash cover · over 4 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 326.1M per ASX (delayed) (snapshot 11 Sept 2026).
250M275M300M325MDec 24Oct 25Sept 26Cash raise · 16 June 2025Cash raise · 30 May 2025Cash raise · 26 Mar 2025326.1M

Cash runway

10.7 qtrs
More than four quarters of funding at the recent spend rate.
Funds operations to about Feb 2029 at the reported spend rate.
$9.3M cash after burn from the quarter ended 30 June 2026 · Runway is computed from Appendix 4C/5B filings and announced raise proceeds. Filed with the quarterly report: $10.1M cash at quarter end (item 4.6), 11.8 qtrs of funding on the company’s own estimate. Our figure above carries the filed quarter-end balance forward at the reported spend rate and adds announced raise proceeds.
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14 quarters on record — Cash runway history
Quarterly cash, net spend and cover trend from every Appendix 4C/5B on record up to 30 June 2026.
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Issuance timeline

Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityOn issue, per this filingSource
17 Aug 20262A · quoted issueSHG : ORDINARY FULLY PAID326.1MAppendix 2A
16 July 20262A · quoted issueSHG : ORDINARY FULLY PAID324.3MAppendix 2A
1 July 20263H · cancellationSHG : ORDINARY FULLY PAID323.8MAppendix 3H
28 June 20262A · quoted issueSHG : ORDINARY FULLY PAID323.8MAppendix 2A
22 June 20262A · quoted issueSHG : ORDINARY FULLY PAID321.2MAppendix 2A
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58 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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Capital raises

4 cash raises in the last 24 months · 0 in the last 12 months

every 2.3 monthsaverage gap between raises
14.9 monthssince the most recent
15 Nov 2024 – 16 June 2025first to most recent in this window
$8.0M
Placement
16 June 2025 COMPLETE
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17 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.

10.9M of option supply could convert within 12 months — 3.3% of shares on issue
10.9M 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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10 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 allows 15% of ordinary securities in any 12 months, and every Appendix 3B states how much of it an issue uses.

About 99% of the 15% placement capacity left — about 1% used by Appendix 3B filings in the last 12 months (estimate, as at 2026-09-12). Holder-approved issues and any later ratification are not deducted, so the true headroom can be higher.
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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

26.6%
Options & rights overhang · of current shares
13.4%
In-the-money supply · at current price
86.8M
Potential new shares
Feb 2027
Nearest expiry
What this supply is, and what converts it
  • Price-triggered76.8M · 23.5% of shares
    Options and warrants — they convert when the share price clears their exercise price.
  • Condition-triggered10.0M · 3.1% of shares
    Performance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.

Exercise price on record: 76.8M priced (of which 43.8M in the money), 10.0M 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.

What a price move would switch on
43.4M86.8M$0.20 now0.25× today ($0.05) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.10) — 17.6M of the priced supply in the money, 5.4% of shares on issue0.75× today ($0.15) — 25.3M of the priced supply in the money, 7.8% of shares on issue1× today ($0.20) — 43.8M of the priced supply in the money, 13.4% of shares on issue1.25× today ($0.24) — 43.8M of the priced supply in the money, 13.4% of shares on issue1.5× today ($0.29) — 60.8M of the priced supply in the money, 18.6% of shares on issue2× today ($0.39) — 60.8M of the priced supply in the money, 18.6% of shares on issue3× today ($0.58) — 76.8M of the priced supply in the money, 23.5% of shares on issue5× today ($0.98) — 76.8M of the priced supply in the money, 23.5% of shares on issue10× today ($1.95) — 76.8M of the priced supply in the money, 23.5% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.20 today, 43.8M securities are in the money (13.4% of shares on issue). No more priced supply until 1.5× today’s price, which takes it to 60.8M (18.6% 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.
  • 10.0M (11.5% 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.
CodeSecurityTypeExercise priceExpiryOn issueSource
SHGAAEOptionsPrice-triggered$0.109 Feb 20277.7MFiling
SHGAAFOptionsPrice-triggered$0.1525 July 20273.1MFiling
SHGAAGOptionsPrice-triggered$0.1528 Nov 20279.0MFiling
SHGAADOptionsPrice-triggered$0.0808 Dec 202717.6MFiling
SHGAAHOptionsPrice-triggered$0.1519 Feb 20286.3MFiling
SHGAAKOptionsPrice-triggered$0.2515 Apr 20282.0MFiling
SHGAALOptionsPrice-triggered$0.5526 June 202810.0MFiling
SHGAAJOptionsPrice-triggered$0.2515 Oct 20285.0MFiling
SHGAAIOptionsPrice-triggered$0.2515 Apr 202910.0MFiling
SHGAAOptionsPrice-triggered$0.5530 Nov 20296.0MFiling
SHGAZPerformance rightsCondition-triggered——10.0MFiling 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.

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11 option 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
22 June 2026Denning ChongSell1.8M——$182k3Y notice
18 Mar 2026Howard DigbyBuy on-market42k——$10k3Y notice
18 Dec 2025Denning ChongOther incentive—6.0M——3Y notice
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13 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

30 Aug 2026Appendix 4G and Corporate Governance Statement
30 Aug 2026$PAppendix 4E and Annual Report to Shareholders
17 Aug 2026Options Exercised and Cleansing Notice
17 Aug 2026Application for quotation of securities - SHG
31 July 2026$PQuarterly Activities/Appendix 4C Cash Flow Report
16 July 2026Option Exercise and Cleansing Notice
16 July 2026Application for quotation of securities - SHG
1 July 2026Release of Securities from Voluntary Escrow
1 July 2026Notification of cessation of securities - SHG
28 June 2026Option Exercise and Cleansing Notice
28 June 2026Application for quotation of securities - SHG
24 June 2026Appendix 3Y - Change of Director's Interest Notice
22 June 2026Option Exercise and Cleansing Notice
22 June 2026Application for quotation of securities - SHG
14 May 2026Option Exercise and Cleansing Notice
14 May 2026Application for quotation of securities - SHG
1 May 2026Option Exercise and Cleansing Notice
1 May 2026Application for quotation of securities - SHG
27 Apr 2026$PQuarterly Activities/Appendix 4C Cash Flow Report
21 Apr 2026$PKey Milestone Achieved with PNS - USD$500,000 received

Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.