VISIONFLEX GROUP LIMITED
ASX:VFXHealth Care Equipment & ServicesToday’s holders own 93.1% of what they think they own, once every option and right converts.
Share count grew 49% in 24 months; 1 cash raise in 24 months; options/rights overhang 7% of shares
Between July 2024 and September 2026, its latest share-count filing, Visionflex Group Ltd increased its ordinary share count by 48.7%. That figure is adjusted for an approximately 1-for-50 share consolidation in November 2025, after which the adjusted latest share count stands at 87M. The company raised capital once in the past 24 months: a A$3.3M placement in November 2025. Options and rights on issue could convert into 6M new shares, representing a 7.4% overhang, with the nearest expiry in November 2026; none are in the money. For the latest quarter (June 2026), the company reported non-negative net cash flow, so no funding-runway figure applies. No proposed securities issues are pending.
Quick answers · 2
When did VFX last raise capital?
The last capital raise in Visionflex Group's filings is Placement of $3.3M announced 17 Nov 2025, one of 1 cash raises in 24 months.
When do VFX's options expire?
Unexercised options and rights equal 7.4% of Visionflex Group's shares on issue; the nearest expiry is Nov 2026.
Shares on issue — last 2 years
Cash runway
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)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 30 Sept 2026 | 2A · quoted issue | VFX : ORDINARY FULLY PAID | 86.8M | Appendix 2A |
| 18 Sept 2026 | 2A · quoted issue | VFX : ORDINARY FULLY PAID | 86.7M | Appendix 2A |
| 29 June 2026 | 2A · quoted issue | VFX : ORDINARY FULLY PAID | 86.6M | Appendix 2A |
| 31 Mar 2026 | 2A · quoted issue | VFX : ORDINARY FULLY PAID | 86.6M | Appendix 2A |
| 31 Mar 2026 | 3H · cancellation | VFX : ORDINARY FULLY PAID | 86.6M | Appendix 3H |
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.
Capital raises
1 cash raise in the last 24 months · 1 in the last 12 months
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.
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.
Pending proposed issues
Options & convertible securities
- Price-triggered3.1M · 3.6% of sharesOptions and warrants — they convert when the share price clears their exercise price.
- Condition-triggered3.3M · 3.8% of sharesPerformance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.
Exercise price on record: 3.1M priced, 3.3M 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.
An exercise price is on record for only 48.6% of this supply, so what is in the money today is not a measurement — the tile above reads “—” for that reason. Of the priced supply, 0 is in the money at $0.038 today. No price up to ten times today’s switches on any more priced supply.
- 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.
- 3.3M (51.4% 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.
- 3.1M more carries an exercise price above ten times today’s — off the right of this axis, and in every total on this page.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| VFXAQ | Options | Price-triggered | $1.10 | 30 Nov 2026 | 10k | Filing |
| VFXAA | Options | Price-triggered | $0.50 | 22 May 2027 | 2.9M | Filing |
| VFXAB | Options | Price-triggered | $0.50 | 8 Oct 2027 | 200k | Filing |
| VFXAV | Rights | Condition-triggered | — | — | 810k | Filing Meeting |
| VFXAR | Performance rights | Condition-triggered | — | — | 2.5M | Filing |
“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.
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.
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 25 Nov 2025 | Brook Adcock | Other | 19.8M | 2.3M | — | — | 3Y notice |
| 19 Nov 2025 | Brook Adcock | Other | 139.8M | — | — | — | 3Y notice |
| 30 Oct 2025 | Joshua Mundey | Other incentive | 94.5M | 4.8M | 124.6M | — | 3Y notice |
| 30 Oct 2025 | Maikel Kafrouni | Other incentive | 37.5M | 3.1M | 50.3M | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.