Companies / APZ

ASPEN GROUP

ASX:APZEquity Real Estate Investment Trusts (REITs)
227.7M shares on issueASX (delayed) · as of 28 July 2026$4.94price · delayed$1.11Bmarket cap · indicative
B
Dilution grade

Share count grew 14% in 24 months; 1 cash raise in 24 months

Cash runwayno data — not a quarterly (4C/5B) cash filer
Share-count growth (24m)14.3%
Raise cadence (24m)1 cash raise
Options & rights overhangno data — options line data suspect
In-the-money supplyno data — options line data suspect
Pending proposed issuesnone

ASPEN GROUP's ordinary share count was 228M as of August 2025, an increase of 14.3% between June 2024 and August 2025. The company raised capital once in the 24-month window, with proceeds of A$74.2M from a May 2025 raising; total disclosed proceeds in that period are A$74.2M. Options data is omitted because the outstanding option-line on record is treated as suspect and therefore not reported. The company does not lodge a current quarterly cash report, so no quarterly cash balance or funding-runway figure is disclosed. No proposed securities issues (Appendix 3B) are pending.

AI-generated summary of this page's cited filings · updated 28 July 2026
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Max option dilution · omitted
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ITM option dilution
0
Raises · last 12 months
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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 227.7M per ASX (delayed) (28 July 2026).
206.0M214.0M221.9MDec 24Sept 25July 26Cash raise · 14 May 2025

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)

DateFormSecurityTotal on issue afterSource
24 Nov 20253G · unquotedFULLY PAID ORDINARY/UNITS STAPLED SECURITIES227.7MAppendix 3G
31 Aug 20252A · quoted issueAPZ : FULLY PAID ORDINARY/UNITS STAPLED SECURITIES227.6MAppendix 2A
31 Aug 20252A · quoted issueAPZ : FULLY PAID ORDINARY/UNITS STAPLED SECURITIES226.4MAppendix 2A
23 June 20253H · cancellationAPZ : FULLY PAID ORDINARY/UNITS STAPLED SECURITIES226.4MAppendix 3H
15 June 20252A · quoted issueAPZ : FULLY PAID ORDINARY/UNITS STAPLED SECURITIES226.4MAppendix 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

1 cash raise in the last 24 months · 0 in the last 12 months

$74.2M
Capital raise
14 May 2025
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

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

Options summary omitted. options line data suspect

Director dealings

DateDirectorTypeSharesOptionsValueSource
10 Mar 2026David DixonSell———3Y notice
10 Mar 2026John CarterSell———3Y notice
24 Nov 2025David DixonOther———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

28 July 2026FY26 Results Webinar
16 July 2026Change in substantial holding from MFG
15 July 2026Change in substantial holding from MFG
15 July 2026Change in substantial holding from PPT
14 July 2026Change in substantial holding
9 July 2026Change in substantial holding from PPT
2 July 2026Becoming a substantial holder
19 June 2026Notice of initial substantial shareholder from MFG
18 June 2026$PFY26 Franked Dividend / Distribution
18 June 2026$PDividend/Distribution - APZ
24 Apr 2026Change of Joint Company Secretary
13 Apr 2026Change in substantial holding from PPT
9 Apr 2026$PAspen Group 3Q 2026 Update
30 Mar 2026Change in substantial holding from PPT
25 Mar 2026Becoming a substantial holder
24 Mar 2026Change in substantial holding
17 Mar 2026Notice of ceasing to be substantial holder from MFG
13 Mar 2026Change of Office Address
11 Mar 2026Change of Director's Interest Notice - D Dixon
11 Mar 2026Change of Director's Interest Notice - JC

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