Companies / MDX

MINDAX LIMITED

ASX:MDXMaterials
2.36B shares on issueASX (delayed) · as of 28 July 2026$0.038price · delayed$42.5Mmarket cap · indicative
D
Dilution grade

Runway under 2 quarters; share count grew 15% in 24 months; 9 cash raises in 24 months

Cash runway-0.9 quarters of funding
Share-count growth (24m)15.3%
Raise cadence (24m)9 cash raises
Options & rights overhang7.8% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

MINDAX LIMITED's ordinary share count grew 15.3% between May 2024 and March 2026, to 2.36B shares. The company completed nine capital raises in that period for total disclosed proceeds of A$11.5M, most recently raising A$130K in March 2026. Options and rights on issue could convert into 184M new shares, equal to 7.8% of the current share count, with none currently in the money and the nearest expiry in November 2026. At the March 2026 quarter the company reported available cash of A$-207K, equal to -0.9 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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7.8%
Max option dilution
0.0%
ITM option dilution
4
Raises · last 12 months
-0.9 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 2.36B per ASX (delayed) (28 July 2026).
2.11B2.21B2.30BDec 24Sept 25July 26Cash raise · 9 Mar 2026Cash raise · 9 Feb 2026Cash raise · 11 Dec 2025Cash raise · 26 Nov 2025Cash raise · 9 July 2025Cash raise · 8 July 2025Cash raise · 8 July 2025Cash raise · 24 Mar 2025Cash raise · 4 Mar 2025

Cash runway

-0.9 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
$-207k 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
20 July 20263H · cancellationMDX : ORDINARY FULLY PAID2.36BAppendix 3H
11 Mar 20262A · quoted issueMDX : ORDINARY FULLY PAID2.36BAppendix 2A
11 Feb 20262A · quoted issueMDX : ORDINARY FULLY PAID2.36BAppendix 2A
3 Feb 20263G · unquotedMDX : ORDINARY FULLY PAID2.36BAppendix 3G
19 Dec 20253G · unquotedMDX : ORDINARY FULLY PAID2.36BAppendix 3G
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

9 cash raises in the last 24 months · 4 in the last 12 months

$130k
Capital raise
9 Mar 2026
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

7.8%
Total overhang · of current shares
0.0%
In the money · at current price
184.0M
Potential new shares
Nov 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
4 Dec 2025Benjamin ChowOther6.2M14.0M—3Y notice
4 Dec 2025Qinglong ZengOther15.0M14.0M—3Y notice
4 Dec 2025Biaozhun ZhuOther—2.0M—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

20 July 2026Notification of cessation of securities - MDX
28 Apr 2026Becoming a substantial holder
13 Apr 2026$PQuarterly Activities/ Appendix 5B Cash Flow Report
16 Mar 2026Interim Financial Report
11 Mar 2026S708A Notice
11 Mar 2026Application for quotation of securities - MDX
10 Mar 2026Proposed issue of securities - MDX
11 Feb 2026S708A Notice
11 Feb 2026Application for quotation of securities - MDX
10 Feb 2026Proposed issue of securities - MDX
3 Feb 2026Notification regarding unquoted securities - MDX
28 Jan 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
19 Dec 2025Update - Notification regarding unquoted securities - MDX
19 Dec 2025Proposed issue of securities - MDX
15 Dec 2025S708A Notice
15 Dec 2025Application for quotation of securities - MDX
12 Dec 2025Proposed issue of securities - MDX
5 Dec 2025Change of Director's Interest Notices * 3
5 Dec 2025Notification regarding unquoted securities - MDX
5 Dec 2025Notification regarding unquoted securities - MDX

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