Companies / TGH

TERRAGEN HOLDINGS LIMITED

ASX:TGHMaterials
823.2M shares on issueASX (delayed) · snapshot 11 Sept 2026867.2M fully diluted+5.3% if every option and right converts$0.024price · delayed$19.8Mmarket cap · indicative

Today’s holders own 94.9% of what they think they own, once every option and right converts.

Moderate
Dilution risk

Share count grew 88% in 24 months; runway 4–8 quarters; 1 cash raise in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway5.8 quarters of funding
Share-count growth (24m)87.5%
Raise cadence (24m)1 cash raise
Options & rights overhang5.3% of shares
In-the-money supply0.0% of shares
Pending proposed issuesopen proposed issue (Appendix 3B)

TERRAGEN HOLDINGS LIMITED's ordinary share count grew 87.5% between December 2024 and March 2026, to 823M shares. The company raised capital once in the past 24 months, a A$7.0M placement in February 2026. Options and rights on issue could convert into 44M new shares, equal to 5.3% of the current share count, with the nearest expiry in November 2029; none are currently in the money. At the June 2026 quarter the company reported A$6.4M in available cash, covering 5.8 quarters of its recent spending rate. One proposed securities issue is pending, with an expected issue date in March 2027.

AI-generated summary of this page's cited filings · updated 9 Sept 2026
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5.3%
Options & rights overhang
0.0%
In-the-money supply
1
Raises · last 12 months
5.8 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 823.2M per ASX (delayed) (snapshot 11 Sept 2026).
400M600M800MDec 24Oct 25Sept 26Cash raise · 3 Feb 2026823.2M

Cash runway

5.8 qtrs
More than four quarters of funding at the recent spend rate.
Funds operations to about Nov 2027 at the reported spend rate.
$6.4M 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: $7.3M cash at quarter end (item 4.6), 7.0 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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15 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
30 Mar 20262A · quoted issueTGH : ORDINARY FULLY PAID823.2MAppendix 2A
19 Feb 20263H · cancellationTGH : ORDINARY FULLY PAID631.3MAppendix 3H
19 Feb 20263H · cancellationTGH : ORDINARY FULLY PAID631.3MAppendix 3H
19 Feb 20263H · cancellationTGH : ORDINARY FULLY PAID631.3MAppendix 3H
19 Feb 20263H · cancellationTGH : ORDINARY FULLY PAID631.3MAppendix 3H
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23 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

$7.0M
Placement
3 Feb 2026
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1 raise 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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11 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.

No estimate — the filings already exceed 15% of the share count we can measure, which means securities were added to the base during the year that we cannot see. The company has also placed under the additional 10% (Listing Rule 7.1A), which is not counted in this figure.
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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

5.3%
Options & rights overhang · of current shares
0.0%
In-the-money supply · at current price
44.0M
Potential new shares
Nov 2029
Nearest expiry
What a price move would switch on
22.0M44.0M$0.024 now0.25× today ($0.006) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.012) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.018) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.024) — 0 of the priced supply in the money, 0.0% of shares on issue1.25× today ($0.030) — 8.8M of the priced supply in the money, 1.1% of shares on issue1.5× today ($0.036) — 8.8M of the priced supply in the money, 1.1% of shares on issue2× today ($0.048) — 17.6M of the priced supply in the money, 2.1% of shares on issue3× today ($0.072) — 26.4M of the priced supply in the money, 3.2% of shares on issue5× today ($0.120) — 44.0M of the priced supply in the money, 5.3% of shares on issue10× today ($0.240) — 44.0M of the priced supply in the money, 5.3% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.024 today, 0 securities are in the money (0.0% of shares on issue). No more priced supply until 1.25× today’s price, which takes it to 8.8M (1.1% 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
TGHAABOptionsPrice-triggered$0.02529 Nov 20297.3MFiling
TGHAXOptionsPrice-triggered$0.04029 Nov 20297.3MFiling
TGHAYOptionsPrice-triggered$0.06029 Nov 20297.3MFiling
TGHAZOptionsPrice-triggered$0.08529 Nov 20297.3MFiling
TGHAAAOptionsPrice-triggered$0.1129 Nov 20297.3MFiling
TGHAAFOptionsPrice-triggered$0.02526 Sept 20301.5MFiling
TGHAAHOptionsPrice-triggered$0.04026 Sept 20301.5MFiling
TGHAAGOptionsPrice-triggered$0.06026 Sept 20301.5MFiling
TGHAAIOptionsPrice-triggered$0.08526 Sept 20301.5MFiling
TGHAAEOptionsPrice-triggered$0.1126 Sept 20301.5MFiling

“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.

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10 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
30 Mar 2026Mr Scobie Dickinson WardOther placement102.3M——$2.3M3Y notice
23 Jan 2025Mr Andrew GuthrieOther entitlement/SPP286k———3Y notice
23 Jan 2025Mr Mike BarryOther entitlement/SPP1.4M———3Y notice
23 Jan 2025Mr Richard NortonOther entitlement/SPP571k———3Y notice
23 Jan 2025Mr Scobie Dickinson WardOther entitlement/SPP13.7M———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

27 Aug 2026Change of Joint Company Secretary
25 Aug 2026FY26 Corporate Governance Statement and Appendix 4G
25 Aug 20262026 Annual Report to Shareholders
25 Aug 2026$PTGH Appendix 4E and FY26 Annual Report
30 July 2026$PAppendix 4C - 30 June 2026
6 July 2026Appointment of CFO and Joint Company Secretary
28 May 2026Proposed issue of securities - TGH
27 May 2026$PTerragen Secures 1st Commercial Feedlot, Mort & Co Update
7 May 2026Initial Director's Interest Notice - Paul Whimp
7 May 2026Appointment of Non-Executive Director - Paul Whimp
29 Apr 2026$PAppendix 4C - 31 March 2026
27 Apr 2026Change of Auditor
7 Apr 2026Ceasing to be a substantial holder
31 Mar 2026Change in substantial holding
30 Mar 2026Change of Director's Interest Notice - S Ward
30 Mar 2026Change in substantial holding
30 Mar 2026Cleansing Statement - Tranche 2
30 Mar 2026Application for quotation of securities - TGH
25 Mar 2026Results of Meeting
2 Mar 2026$PReport finds GLP achieves 12% increase in maize silage yield

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