Companies / WMX

WAM INCOME MAXIMISER LIMITED

ASX:WMXNot Applic
300.0M shares on issueASX (delayed) · snapshot 11 Sept 2026300.0M fully diluted+0.0% if every option and right converts$1.60price · delayed$479.9Mmarket cap · indicative
Moderate
Dilution riskprovisional — limited history

Share count grew 200% in 24 months; 2 cash raises in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runwayno data — not a quarterly (4C/5B) cash filer
Share-count growth (24m)199.5%
Raise cadence (24m)2 cash raises
Options & rights overhang0.0% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

WAM INCOME MAXIMISER LIMITED's ordinary share count grew 199.5% between September 2025 and August 2026, reaching 300M shares. The company raised capital twice in the past 24 months for total disclosed proceeds of A$320.6M. The most recent raise was an Entitlement Offer, Shortfall Offer and Placement in July 2026, which brought in A$172.4M. There are no pending proposed securities issues. The company does not lodge quarterly cash reports, so no quarterly cash balance or funding-runway figure is disclosed on that basis.

AI-generated summary of this page's cited filings · updated 31 Aug 2026
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0.0%
Options & rights overhang
0.0%
In-the-money supply
2
Raises · last 12 months
Cash cover · not a quarterly filer

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 300.0M per ASX (delayed) (snapshot 11 Sept 2026).
100M200M300MApr 25Jan 26Sept 26Cash raise · 24 July 2026Cash raise · 14 Oct 2025300.0M

Cash runway

Not a quarterly cash filer. This company does not lodge Appendix 4C/5B quarterly cash reports, so cash runway does not apply.

Issuance timeline

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

DateFormSecurityOn issue, per this filingSource
31 Aug 20262A · quoted issueWMX : ORDINARY FULLY PAID300.0MAppendix 2A
28 Aug 20262A · quoted issueWMX : ORDINARY FULLY PAID299.9MAppendix 2A
31 July 20262A · quoted issueWMX : ORDINARY FULLY PAID193.5MAppendix 2A
30 June 20262A · quoted issueWMX : ORDINARY FULLY PAID193.4MAppendix 2A
27 May 20262A · quoted issueWMX : ORDINARY FULLY PAID193.4MAppendix 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

every 9.3 monthsaverage gap between raises
1.6 monthssince the most recent
14 Oct 202524 July 2026first to most recent in this window
$172.4M
Entitlement Offer, Shortfall Offer and Placement
24 July 2026 COMPLETE
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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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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 estimatethe only Appendix 3B in the window claiming the 15% capacity states more than the whole allowance, so it cannot be counted.
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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

No options or rights over unissued shares on record.

Director dealings

DateDirectorTypeSharesOptionsOtherValueSource
28 Aug 2026Geoffrey WilsonBuy1.4M$2.2M3Y notice
17 Apr 2026Kate ThorleyBuy on-market8k$12k3Y notice
18 Mar 2026Geoffrey WilsonBuy on-market69k$107k3Y 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 12 Sept 2026.