Companies / SRJ

SRJ TECHNOLOGIES GROUP PLC

ASX:SRJEnergy
1.74B shares on issueASX (delayed) · snapshot 28 Oct 20261.95B fully diluted+12.0% if every option and right converts$0.004price · delayed$8.7MMarket capAt the previous close. On a day the price moves, shares × today’s price will differ. Prices delayed.

Today’s holders own 89.3% of what they think they own, once every option and right converts.

High
Dilution risk

Runway under 2 quarters; share count grew 186% in 24 months; 4 cash raises in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runwaycash used up at the reported spend rate
Share-count growth (24m)186.4%measured to the latest Appendix 2A, not to the share count above
Raise cadence (24m)4 cash raises
Options & rights overhang12.0% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

SRJ TECHNOLOGIES GROUP PLC's latest share-count filing as of September 2026 shows 1.74B shares. The filed 2A series ends earlier, so growth over the window is not stated. The company raised capital four times in the 24-month window, with total disclosed proceeds of A$5.5M, most recently a Placement in September 2026. Options and rights on issue could convert into 209M new shares, equal to 12.0% of the current share count, with the nearest expiry in November 2026; none are in the money. The latest quarterly cash report ended June 2026; at the reported spend rate the reported cash would since have been used up, and no later cash report is on record, so no funding-runway figure applies. No proposed securities issues are pending.

AI-generated summary of this page's cited filings · updated 19 Oct 2026
Quick answers · 3

How much placement capacity does SRJ have left?

About 99% of the 15% placement capacity left, about 1% used in 12 months (estimate). Under ASX Listing Rule 7.1 a company may place up to 15% of its shares in 12 months without shareholder approval.

How much cash does SRJ have?

In its quarterly cash report for the quarter ended 30 June 2026, SRJ Technologies Group reported $1.7M of cash and estimated 1.4 quarters of funding available at its current rate of spending. That is the company's own estimate.

When do SRJ's options expire?

Unexercised options and rights equal 12% of SRJ Technologies Group's shares on issue; the nearest expiry is Nov 2026.

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12.0%
Options & rights overhang
0.0%
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
2
Raises · last 12 months
Used up
Cash cover · under 2 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 1.74B per ASX (delayed) (snapshot 28 Oct 2026).
0.75B1.00B1.25B1.50B1.75BDec 24Nov 25Oct 26Cash raise · 8 Sept 2026Cash raise · 1 May 2026Cash raise · 1 Aug 2025Cash raise · 24 July 20251.74B

Cash runway

Used up OURS
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
At the reported spend rate the cash would have run out around Oct 2026, and no later report is on record.
FILED 1.4 qtrs · $1.7M cash · quarter ended 30 June 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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15 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 June 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
10 Sept 20262A · quoted issueSRJ : CHESS DEPOSITARY INTERESTS 1:11.72BAppendix 2A
20 Aug 20263H · cancellationSRJ : CHESS DEPOSITARY INTERESTS1.72BAppendix 3H
16 July 20262A · quoted issueCHESS DEPOSITARY INTERESTS 1:11.69BAppendix 2A
16 July 20262A · quoted issueCHESS DEPOSITARY INTERESTS 1:11.70BAppendix 2A
16 July 20262A · quoted issueSRJ : CHESS DEPOSITARY INTERESTS 1:11.69BAppendix 2A

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 (1.72B) need not equal the current count above (1.74B).

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42 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

4 cash raises in the last 24 months · 2 in the last 12 months

every 4.5 monthsaverage gap between raises
1.6 monthssince the most recent
24 July 2025 – 8 Sept 2026first to most recent in this window
—
Placement
8 Sept 2026 COMPLETE
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8 issues (incl. 3 exercises or conversions) 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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8 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.

About 99% of the 15% placement capacity left — about 1% used by Appendix 3B filings in the last 12 months, after the issues holders ratified (estimate, as at 2026-10-28). The company has also placed under the additional 10% (Listing Rule 7.1A), which is not counted in this figure. Holders passed a ratification we could not match to exactly one filing, or whose number of shares the result does not state, and shares issued with holder approval are not added to the base, so the true headroom may 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

12.0%
Options & rights overhang · of current shares
0.0%
In-the-money supply · at current price
209.0M
Potential new shares
Nov 2026
Nearest expiry
What a price move would switch on
104.5M209.0M$0.004 now0.25× today ($0.001) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.002) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.003) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.004) — 0 of the priced supply in the money, 0.0% of shares on issue1.25× today ($0.005) — 0 of the priced supply in the money, 0.0% of shares on issue1.5× today ($0.006) — 0 of the priced supply in the money, 0.0% of shares on issue2× today ($0.008) — 0 of the priced supply in the money, 0.0% of shares on issue3× today ($0.012) — 41.0M of the priced supply in the money, 2.4% of shares on issue5× today ($0.020) — 91.0M of the priced supply in the money, 5.2% of shares on issue10× today ($0.040) — 107.0M of the priced supply in the money, 6.1% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.004 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 41.0M (2.4% 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.
  • 12.3M (5.9% of the supply above) states a nil exercise price — nothing is paid to convert it, so no share price switches it on or off. It is the flat band, and it is not part of the in-the-money figure.
  • 61.0M (29.2% 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.
  • 28.8M more carries an exercise price above ten times today’s — off the right of this axis, and in every total on this page.
CodeSecurityTypeExercise priceExpiryOn issueSource
SRJAOOptionsPrice-triggered$0.1212 Nov 20269.8MFiling
SRJAMOptionsPrice-triggered$0.06619 Aug 20277.0MFiling
SRJAROptionsPrice-triggeredNil19 Dec 202812.3MFiling
SRJAVOptionsPrice-triggered$0.01019 Dec 202841.0MFiling
SRJASOptionsPrice-triggered$0.02019 Dec 20287.0MFiling
SRJATOptionsPrice-triggered$0.03019 Dec 20289.0MFiling
SRJAUOptionsPrice-triggered$0.04019 Dec 202812.0MFiling
SRJAXOptionsPrice-triggered$0.01315 July 202950.0MFiling
SRJAWOptionsPrice-triggered, no exercise price stated——61.0MFiling

“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.

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9 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
15 July 2026GEORGE GOURLAYOther7.0M———3Y notice
20 Feb 2026GILES BOURNEOther372k3.5M——3Y notice
19 Dec 2025GEORGE GOURLAYOther—35.0M——3Y notice
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5 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.