SPECTUR LIMITED

ASX:SP3Technology Hardware & Equipment

415.9M shares on issueASX (delayed) · snapshot 11 Sept 2026417.9M fully diluted+0.5% if every option and right converts$0.008price · delayed$3.3Mmarket cap · indicative

Today’s holders own 99.5% of what they think they own, once every option and right converts.

Moderate

Dilution risk

Share count grew 43% in 24 months; runway 2–4 quarters; 1 cash raise in 24 months

Absolute levels — not a ranking against other companies.

Cash runway3.0 quarters of funding

Share-count growth (24m)43.1%

Raise cadence (24m)1 cash raise

Options & rights overhang0.5% of shares

In-the-money supplyno data — no exercise price on record

Pending proposed issuesopen proposed issue (Appendix 3B)

SPECTUR LIMITED's ordinary share count grew 43.1% between July 2024 and July 2026, reaching 416M shares. The company raised capital once in the past 24 months, a A$2.3M placement in October 2025. There are 2M options on issue, representing 0.5% of current shares, with none currently in the money; an expiry date for these securities is not on record. As of the June 2026 quarter, the company reported A$1.1M in available cash, covering approximately 3.1 quarters of operations. A single proposed securities issue is pending, with an expected date in December 2026.

AI-generated summary of this page's cited filings · updated 3 Sept 2026

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0.5%

Options & rights overhang

—

In-the-money supply · no stated strikes

Raises · last 12 months

3.0 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. Latest count 415.9M per ASX (delayed) (snapshot 11 Sept 2026).

Cash runway

3.0 qtrs

Two to four quarters of funding at the recent spend rate.

Funds operations to about Mar 2027 at the reported spend rate.

$1.1M 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: $1.4M cash at quarter end (item 4.6), 7.2 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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12 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)

Date	Form	Security	On issue, per this filing	Source
17 July 2026	2A · quoted issue	SP3 : ORDINARY FULLY PAID	415.9M	Appendix 2A
30 June 2026	3H · cancellation	SP3 : ORDINARY FULLY PAID	414.7M	Appendix 3H
9 Mar 2026	2A · quoted issue	SP3 : ORDINARY FULLY PAID	414.7M	Appendix 2A
16 Feb 2026	2A · quoted issue	SP3 : ORDINARY FULLY PAID	414.1M	Appendix 2A
19 Jan 2026	2A · quoted issue	SP3 : ORDINARY FULLY PAID	413.2M	Appendix 2A

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29 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

1 cash raise in the last 24 months · 1 in the last 12 months

$2.3M

Placement

20 Oct 2025 COMPLETE

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3 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.

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1 dated event 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 3% of the 15% placement capacity left — about 97% used by Appendix 3B filings in the last 12 months (estimate, as at 2026-09-12). The company has also placed under the additional 10% (Listing Rule 7.1A), which is not counted in this figure. 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

1 proposed issue pending — Appendix 3B lodged, securities not yet issued. New shares from these issues are not in the counts above until quoted.

Paid plan

1 pending issue on record — Pending issue detail

Size, price, fees, broker and placement-capacity usage for each pending issue.

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Options & convertible securities

0.5%

Options & rights overhang · of current shares

—

In-the-money supply · no stated strikes

2.0M

Potential new shares

—

Nearest expiry

What a price move would switch on

No option supply on record carries an exercise price to pay, so no share price switches any of it on. All 2.0M of it converts on something else — a hurdle that may never be met, or terms the filing does not price.

Code	Security	Type	Exercise price	Expiry	On issue	Source
SP3AP	Rights	Condition-triggered	—	—	2.0M	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.

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.

SP3AFCondition-triggered161k securities → 030 June 2026 Appendix 2A

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1 option line 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

Date	Director	Type	Shares	Options	Other	Value	Source
31 Mar 2026	Darren John Cooper	Other off-market	15.8M	—	—	—	3Y notice
1 Dec 2025	Darren John Cooper	Other incentive	3.5M	—	—	$53k	3Y notice
1 Dec 2025	Marco Correia da Silva	Other incentive	1.9M	—	—	$28k	3Y notice