Companies / X2M

X2M CONNECT LIMITED

ASX:X2MTechnology Hardware & Equipment
1.57B shares on issueASX (delayed) · as of 28 July 2026$0.004price · delayed$6.3Mmarket cap · indicative
F
Dilution grade

Runway under 2 quarters; share count grew 343% in 24 months; 10 cash raises in 24 months

Cash runway-0.0 quarters of funding
Share-count growth (24m)343.3%
Raise cadence (24m)10 cash raises
Options & rights overhang80.1% of shares
In-the-money supply0.0% of shares
Pending proposed issuesopen proposed issue (Appendix 3B)

X2M CONNECT LIMITED's ordinary share count grew 343.3% between July 2024 and May 2026, to 1.55B shares. The company raised capital 10 times in that 24-month window for total disclosed proceeds of A$25.2M, most recently a A$3.0M placement in July 2026. Options and rights on issue could convert into 1.25B new shares, equal to 80.1% of the current share count, with 0% in the money at present; the nearest expiry is October 2026. At the March 2026 quarter the company reported A$-116K in available cash, showing -0.0 quarters of cover. Three proposed securities issues (Appendix 3B) are pending, the nearest with an expected issue date in July 2026.

AI-generated summary of this page's cited filings · updated 28 July 2026
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80.1%
Max option dilution
0.0%
ITM option dilution
5
Raises · last 12 months
0.0 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. Latest count 1.57B per ASX (delayed) (28 July 2026).
0.61B0.96B1.31BDec 24Sept 25July 26Cash raise · 21 July 2026Cash raise · 27 Feb 2026Cash raise · 24 Feb 2026Cash raise · 22 Aug 2025Cash raise · 7 Aug 2025Cash raise · 10 July 2025Cash raise · 17 June 2025Cash raise · 29 Apr 2025Cash raise · 11 Dec 2024

Cash runway

0.0 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
$-116k available cash at quarter ended 31 Mar 2026 · Runway is computed from Appendix 4C/5B filings and announced raise proceeds.
Paid plan
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)

DateFormSecurityTotal on issue afterSource
3 July 20263H · cancellationX2M : ORDINARY FULLY PAID1.57BAppendix 3H
5 June 20262A · quoted issueX2MOA354.9MAppendix 2A
27 May 20262A · quoted issueX2M : ORDINARY FULLY PAID1.55BAppendix 2A
27 May 20262A · quoted issueX2M : ORDINARY FULLY PAID1.49BAppendix 2A
3 May 20262A · quoted issueX2M : ORDINARY FULLY PAID1.48BAppendix 2A
Paid plan
Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
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Capital raises

10 cash raises in the last 24 months · 5 in the last 12 months

$3.0M
Placement
21 July 2026 ACTIVE
Paid plan
Full raise history
Issue price, discount, brokers, purpose and tranche detail for every raise on record.
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Pending proposed issues

3 proposed issues pending — Appendix 3B lodged, securities not yet issued. New shares from these issues are not in the counts above until quoted.
Paid plan
Pending issue detail
Size, price, fees, broker and placement-capacity usage for each pending issue.
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Options & convertible securities

80.1%
Total overhang · of current shares
0.0%
In the money · at current price
1.25B
Potential new shares
Oct 2026
Nearest expiry
Paid plan
Per-line options & expiry cliffs
Each option line — code, strike, expiry, quantity and ITM value — plus the expiry-cliff chart.
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Director dealings

DateDirectorTypeSharesOptionsValueSource
30 June 2026Callistus Mohan JesudasonSell—5.4M—3Y notice
2 June 2026Damien JohnstonOther—833k—3Y notice
2 June 2026Alan StockdaleOther—292k—3Y notice
Paid plan
Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
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Ownership

Free account
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

24 July 2026Proposed issue of securities - X2M
23 July 2026Proposed issue of securities - X2M
23 July 2026Proposed issue of securities - X2M
23 July 2026$PX2M Raises $2m to Accelerate Data Centre and AI Strategy
21 July 2026$PTrading Halt
8 July 2026Resi Ventures settles on first Integrated Data Centre site
6 July 2026$PX2M Wins $1.1 Million AI-Enabled Smart City Tender
3 July 2026Change of Director's Interest Notice
3 July 2026Notification of cessation of securities - X2M
1 July 2026Initial Director's Interest Notice
29 June 2026Senior appointments to drive momentum
14 June 2026$PX2M Expands AI Smart City Products in South Korea
10 June 2026$PX2M partners with Resi Ventures to Develop Data Centres
5 June 2026Change of Director's Interest Notice x 4
5 June 2026Options listing
5 June 2026ASX Appendix 2A
1 June 2026Cleansing Prospectus
27 May 2026Cleansing notice
27 May 2026Proposed issue of securities - X2M
27 May 2026Application for quotation of securities - X2M

Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 July 2026.