Companies / VPR

VOLT GROUP LIMITED

ASX:VPRUtilities
163.1M shares on issueASX (delayed) · snapshot 11 Sept 2026181.0M fully diluted+11.0% if every option and right converts$0.13price · delayed$21.2Mmarket cap · indicative

Today’s holders own 90.1% of what they think they own, once every option and right converts.

Low
Dilution risk

2 cash raises in 24 months; options/rights overhang 11% of shares; proposed issue pending

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runwaycash-generative (no net burn)
Share-count growth (24m)0.0%no issuance filings since 2024; measured to the latest Appendix 2A, not to the share count above
Raise cadence (24m)2 cash raises
Options & rights overhang11.0% of shares
In-the-money supply0.0% of shares
Pending proposed issuesopen proposed issue (Appendix 3B)

VOLT GROUP LIMITED's ordinary share count was 163M as of August 2026. The company completed an approximately 1-for-100 share consolidation in May 2025. No new share-issuance filings have been lodged since January 2024, so growth over the window is not stated. The company raised capital twice in the past 24 months for total disclosed proceeds of A$7.8M, most recently a A$3.8M placement in November 2025. Options and rights on issue could convert into 18M new shares, equal to 11.0% of the current share count, with the nearest expiry in November 2026. At the March 2026 quarter, the company reported A$6.6M in available cash and non-negative net cash flow, meaning no funding-runway figure applies. One proposed securities issue (Appendix 3B) is pending, with an expected issue date in May 2027.

AI-generated summary of this page's cited filings · updated 11 Sept 2026
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11.0%
Options & rights overhang
0.0%
In-the-money supply
2
Raises · last 12 months
No net burn
Cash cover · cash-generative

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Adjusted for the 1-for-100 consolidation (27 May 2025). Latest count 163.1M per ASX (delayed) (snapshot 11 Sept 2026).
120M140M160MDec 24Oct 25Sept 261-for-100 consolidationCash raise · 11 Nov 2025Cash raise · 11 Nov 2025163.1M

Cash runway

—
The latest quarterly report shows no net cash burn, so there is no cash-out date.
$6.6M cash after burn from the quarter ended 31 Mar 2026 · Runway is computed from Appendix 4C/5B filings and announced raise proceeds. Filed with the quarterly report: $3.6M cash at quarter end (item 4.6). Our figure above carries the filed quarter-end balance forward at the reported spend rate and adds announced raise proceeds.
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13 quarters on record — Cash runway history
Quarterly cash, net spend and cover trend from every Appendix 4C/5B on record up to 31 Mar 2026.
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Issuance timeline

Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityOn issue, per this filingSource
11 Aug 20263H · cancellationVPR : ORDINARY FULLY PAID163.1MAppendix 3H
11 June 20263G · unquotedVPR : ORDINARY FULLY PAID163.6MAppendix 3G
7 Apr 20263G · unquotedVPR : ORDINARY FULLY PAID163.6MAppendix 3G
18 Jan 20263H · cancellationVPR : ORDINARY FULLY PAID163.6MAppendix 3H
6 Jan 20262A · quoted issueVPR : ORDINARY FULLY PAID136.8MAppendix 2A
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16 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

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

$3.8M
Placement
11 Nov 2025
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2 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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5 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 88% of the 15% placement capacity left — about 12% 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

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

11.0%
Options & rights overhang · of current shares
0.0%
In-the-money supply · at current price
17.9M
Potential new shares
Nov 2026
Nearest expiry
What this supply is, and what converts it
  • Price-triggered10.6M · 6.5% of shares
    Options and warrants — they convert when the share price clears their exercise price.
  • Condition-triggered7.4M · 4.5% of shares
    Performance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.

Exercise price on record: 10.6M priced, 7.4M 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.

What a price move would switch on
9.0M17.9M$0.13 now0.25× today ($0.03) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.07) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.10) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.13) — 0 of the priced supply in the money, 0.0% of shares on issue1.25× today ($0.16) — 0 of the priced supply in the money, 0.0% of shares on issue1.5× today ($0.20) — 0 of the priced supply in the money, 0.0% of shares on issue2× today ($0.26) — 9.8M of the priced supply in the money, 6.0% of shares on issue3× today ($0.39) — 9.8M of the priced supply in the money, 6.0% of shares on issue5× today ($0.65) — 10.6M of the priced supply in the money, 6.5% of shares on issue10× today ($1.30) — 10.6M of the priced supply in the money, 6.5% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.13 today, 0 securities are in the money (0.0% of shares on issue). At double today’s price it is 9.8M (6.0% 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.
  • 7.4M (41.2% 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.
CodeSecurityTypeExercise priceExpiryOn issueSource
VPRAFOptionsPrice-triggered$0.4516 Nov 2026750kFiling
VPRAAAOptionsPrice-triggered$0.203 June 20285.4MFiling
VPRAACOptionsPrice-triggered$0.2029 Dec 20282.0MFiling
VPRAGOptionsPrice-triggered$0.2018 Feb 20292.4MFiling
VPRAABPerformance rightsCondition-triggered——7.4MFiling 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.

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5 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
20 Mar 2026Adam BoydBuy on-market500k3.0M——3Y notice
6 Jan 2026Adam BoydBuy placement7.4M3.0M——3Y notice
6 Jan 2026Peter TorreBuy placement370k—1.2M—3Y notice
6 Jan 2026William (Bill) JohnstonBuy placement148k—2.0M—3Y notice
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18 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

31 Aug 2026Notification of buy-back - VPR
31 Aug 2026$PVolt On-Market Share Buy-Back
30 Aug 2026$PFY26 Half Year Results - Volt Achieves Record HY Result
30 Aug 2026$PAppendix 4D and Half Yeary Financial Report
11 Aug 2026Notification of cessation of securities - VPR
11 Aug 2026Update - Notification of buy-back - VPR
29 July 2026$PQ2 FY26 Quarterly Activities Report
11 June 2026Change of Director's Interest Notice
11 June 2026Notification regarding unquoted securities - VPR
9 June 2026Initial Director's Interest Notice
9 June 2026Director Appointment
28 May 2026Results of Meeting
28 May 2026$PAGM Presentation to Shareholders
25 May 2026$P4D Delta WA Goldfields Alliance
24 Apr 2026Notice of Annual General Meeting/Proxy Form
23 Apr 2026$PQuarterly Activities Report and Appendix 4C
7 Apr 2026Notification regarding unquoted securities - VPR
23 Mar 2026Change of Director's Interest Notice
2 Mar 2026FY25 Full Year Results Presentation
26 Feb 2026$PFY25 Full Year Report, VPR Delivers Positive Earnings Result

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