Companies / VHL

VITASORA HEALTH LIMITED

ASX:VHLHealth Care Equipment & Services
2.35B shares on issueASX (delayed) · snapshot 11 Sept 20262.44B fully diluted+3.8% if every option and right converts$0.014price · delayed$32.9Mmarket cap · indicative

Today’s holders own 96.3% of what they think they own, once every option and right converts.

High
Dilution riskprovisional — limited history

Runway under 2 quarters; share count grew 49% in 24 months; 3 cash raises in 24 months; since relisting as VHL; prior history under RSH not included

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway1.0 quarters of funding
Share-count growth (24m)48.9%since relisting as VHL; prior history under RSH not included
Raise cadence (24m)3 cash raisessince relisting as VHL; prior history under RSH not included
Options & rights overhang3.8% of shares
In-the-money supply0.0% of shares
Pending proposed issuesopen proposed issue (Appendix 3B)

VITASORA HEALTH LIMITED's ordinary share count grew 48.9% between May 2025 and September 2026, reaching 2.35B shares. The company raised capital three times in that period for total disclosed proceeds of A$15.5M, most recently a A$4.2M placement in June 2026. Options and rights on issue could convert into 90M new shares, equal to 3.8% of the current share count, with the nearest expiry in January 2027; none are currently in the money. As of the June 2026 quarter, VITASORA HEALTH LIMITED reported A$1.7M in available cash, representing about 1.0 quarter of funding at its recent spending rate. No proposed securities issues are currently pending.

AI-generated summary of this page's cited filings · updated 8 Sept 2026
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3.8%
Options & rights overhang
0.0%
In-the-money supply
2
Raises · last 12 months
1.0 qtrs
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. Shown since relisting as VHL (21 Apr 2025); prior history under RSH is not included. Latest count 2.35B per ASX (delayed) (snapshot 11 Sept 2026).
1.75B2.00B2.25BApr 25Dec 25Sept 26Cash raise · 8 June 2026Cash raise · 8 June 2026Cash raise · 2 July 20252.35B

Cash runway

1.0 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
The latest quarterly report funded operations to about Sept 2026 — that date has passed, and no later report is on record.
$1.7M 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: $3.1M cash at quarter end (item 4.6), 1.8 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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6 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
3 Sept 20262A · quoted issueVHL : ORDINARY FULLY PAID2.35BAppendix 2A
3 July 20262A · quoted issueVHL : ORDINARY FULLY PAID2.34BAppendix 2A
22 June 20263H · cancellationVHL : ORDINARY FULLY PAID2.34BAppendix 3H
17 June 20262A · quoted issueVHL : ORDINARY FULLY PAID2.34BAppendix 2A
3 Mar 20262A · quoted issueVHL : ORDINARY FULLY PAID1.94BAppendix 2A
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14 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

3 cash raises in the last 24 months · 2 in the last 12 months · counted since relisting as VHL (21 Apr 2025); prior history under RSH is not included

every 11.2 monthsaverage gap between raises
3.2 monthssince the most recent
2 July 2025 – 8 June 2026first to most recent in this window
$4.3M
Placement
8 June 2026 ACTIVE
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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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6 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 15% of the 15% placement capacity left — about 85% 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

3.8%
Options & rights overhang · of current shares
0.0%
In-the-money supply · at current price
90.2M
Potential new shares
Jan 2027
Nearest expiry
What a price move would switch on
45.1M90.2M$0.014 now0.25× today ($0.004) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.007) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.011) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.014) — 0 of the priced supply in the money, 0.0% of shares on issue1.25× today ($0.018) — 0 of the priced supply in the money, 0.0% of shares on issue1.5× today ($0.021) — 0 of the priced supply in the money, 0.0% of shares on issue2× today ($0.028) — 0 of the priced supply in the money, 0.0% of shares on issue3× today ($0.042) — 0 of the priced supply in the money, 0.0% of shares on issue5× today ($0.070) — 4.0M of the priced supply in the money, 0.2% of shares on issue10× today ($0.140) — 87.0M of the priced supply in the money, 3.7% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.014 today, 0 securities are in the money (0.0% of shares on issue). No more priced supply until 5× today’s price, which takes it to 4.0M (0.2% 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.
  • 3.2M 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
VHLAAJOptionsPrice-triggered$0.0658 Jan 20274.0MFiling
VHLAAIOptionsPrice-triggered$0.108 Jan 202711.0MFiling
VHLAABOptionsPrice-triggered$0.2031 Jan 20273.2MFiling
VHLAACOptionsPrice-triggered$0.109 June 20272.0MFiling
VHLAAGOptionsPrice-triggered$0.08030 June 202835.0MFiling
VHLAAHOptionsPrice-triggered$0.1230 June 202835.0MFiling

“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.

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.
  • VHLACPrice-triggered8.0M securities → 022 June 2026 Appendix 2A
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6 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
17 Dec 2025Marjan MikelSell—30.0M——3Y notice
17 Dec 2025Nicholas SmedleySell—30.0M——3Y notice
1 Oct 2025Marjan MikelOther placement3.3M———3Y notice
1 Oct 2025Nicholas SmedleyOther placement3.3M———3Y notice
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7 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

3 Sept 2026Cleansing Notice
3 Sept 2026Application for quotation of securities - VHL
28 Aug 2026Appendix 4G and Corporate Governance Statement
28 Aug 2026VHL 2026 Annual Report
28 Aug 2026$PJune 2026 Appendix 4E
30 July 2026$PQuarterly Activities/Appendix 4C Cash Flow Report
3 July 2026Cleansing Notice
3 July 2026Application for quotation of securities - VHL
23 June 2026Updated Notice of Initial Substantial Holder
22 June 2026Notice of Initial Substantial Holder
22 June 2026Notification of cessation of securities - VHL
17 June 2026Cleansing Notice
17 June 2026Application for quotation of securities - VHL
10 June 2026Investor Presentation
10 June 2026Proposed issue of securities - VHL
10 June 2026Proposed issue of securities - VHL
10 June 2026$PVHL Raises $4m Cornerstoned by $3m Strategic Investment
8 June 2026$PTrading Halt
17 May 2026$PVitasora Execute vCare Rollout - Revenue Scaling Accelerates
13 May 2026Appointment of Company Secretary

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