Companies / MAY

MELBANA ENERGY LIMITED

ASX:MAYEnergy
3.78B shares on issueASX (delayed) · as of 28 July 2026$0.004price · delayed$17.0Mmarket cap · indicative
C
Dilution grade

Runway under 2 quarters; 1 cash raise in 24 months; options/rights overhang 12% of shares

Cash runway-0.5 quarters of funding
Share-count growth (24m)0.0%
Raise cadence (24m)1 cash raise
Options & rights overhang11.9% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

MELBANA ENERGY LIMITED's ordinary share count stood at 3.78B as of January 2026, unchanged (0.0%) since August 2025. The company raised capital once in the 24-month window, for total proceeds of A$7.0M, most recently in August 2025 for A$7.0M. Options and rights on issue could convert into 451M new shares, equal to 11.9% of the current share count, with the nearest expiry in January 2027; none are in the money. At the March 2026 quarter the company reported cash of A$-1.0M, equal to -0.5 quarters of cover. 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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11.9%
Max option dilution
0.0%
ITM option dilution
1
Raises · last 12 months
-0.5 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 3.78B per ASX (delayed) (28 July 2026).
3.46B3.58B3.70BDec 24Sept 25July 26Cash raise · 18 Aug 2025

Cash runway

-0.5 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
$-1.0M 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
30 Apr 20263G · unquotedORDINARY FULLY PAID3.78BAppendix 3G
30 Apr 20263H · cancellationMAY : ORDINARY FULLY PAID3.78BAppendix 3H
12 Jan 20262A · quoted issueMAY : ORDINARY FULLY PAID3.78BAppendix 2A
1 Dec 20253H · cancellationMAY : ORDINARY FULLY PAID3.78BAppendix 3H
27 Aug 20252A · quoted issueMAY : ORDINARY FULLY PAID3.78BAppendix 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 · 1 in the last 12 months

$7.0M
Capital raise
18 Aug 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

11.9%
Total overhang · of current shares
0.0%
In the money · at current price
450.7M
Potential new shares
Jan 2027
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 Apr 2026Andrew PurcellOther245.4M——3Y notice
2 Dec 2025Andrew PurcellBuy4.3M—$73k3Y notice
2 Dec 2025Peter SticklandBuy1.8M—$30k3Y 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

17 June 2026$PReinstatement to Quotation
17 June 2026$PCuba Operational Update
16 June 2026$PSuspension from Quotation
11 June 2026$PTrading Halt
30 Apr 2026Appendix 3Y-Andrew Purcell
30 Apr 2026Notification regarding unquoted securities - MAY
30 Apr 2026Issue of Performance Rights
30 Apr 2026Notification of cessation of securities - MAY
24 Apr 2026Change of Company Address
20 Apr 2026$PUpdate Block 9 Cuba
10 Apr 2026$PQuarterly Activities Report and Appendix 5B 31 March 2026
6 Mar 2026Half Year Financial Report 31 December 2025
28 Jan 2026$PQuarterly Activities Report and Appendix 5B 31 December 2025
21 Jan 2026Block 9 Activities
14 Jan 2026Distribution Schedule - Options
14 Jan 2026Top 20 Holders - Options
12 Jan 2026Application for quotation of securities - MAY
18 Dec 2025Options Prospectus
18 Dec 2025MAY Options Prospectus
7 Dec 2025Change of Director's Interest Notice - A Purcell

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