Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Director Pietro Amico was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 01
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Director Pietro Amico was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • Apr 22
Genmin Limited, Annual General Meeting, May 28, 2026 Genmin Limited, Annual General Meeting, May 28, 2026. Board Change • Dec 24
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Director Pietro Amico was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • Dec 18
Genmin Limited has completed a Follow-on Equity Offering in the amount of AUD 25.7 million. Genmin Limited has completed a Follow-on Equity Offering in the amount of AUD 25.7 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 131,942,915
Price\Range: AUD 0.01
Discount Per Security: AUD 0.0006
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 2,438,057,085
Price\Range: AUD 0.01
Discount Per Security: AUD 0.0006
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing 공시 • Nov 18
Genmin Limited has filed a Follow-on Equity Offering in the amount of AUD 17.4 million. Genmin Limited has filed a Follow-on Equity Offering in the amount of AUD 17.4 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 132,000,000
Price\Range: AUD 0.01
Discount Per Security: AUD 0.0006
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,608,000,000
Price\Range: AUD 0.01
Discount Per Security: AUD 0.0006
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing 공시 • Jun 03
Genmin Limited announced that it expects to receive AUD 4.6296 million in funding from ID Advisors LLC Genmin Limited announced that it has entered into a non-binding term sheet with ID Advisors LLC to issue unsecured redeemable convertible notes for gross proceeds of AUD 4,629,600 on June 2, 2025. The company will issue a total of 3,000,000 notes and 115,758,605 unlisted options to the noteholder, in two tranches. The issue of the notes and options under the second tranche would be subject to receipt of company shareholder approval for the purposes of ASX listing rule 7.1. The notes have a face value of AUD 1.5432 per note and will be convertible into fully paid ordinary share at conversion price of AUD 0.040. The note will mature on June 30, 2027. The company will issue 1,500,000 notes as well as 28,939,651 unlisted A options with an exercise price of AUD 0.060 and expiring 2 years after the date of their issue and 28,939,651 unlisted B options with an exercise price of AUD 0.080 and expiring two years after the date of their issue for gross proceeds of AUD 2,314,800 in its first tranche and will issue 1,500,000 notes as well as 28,939,651 A options and 28,939,651 B options for gross proceeds of AUD 2,314,800 in its second tranche. The company must redeem all of the notes that have not been converted on the maturity date by paying the outstanding amount attributable to the notes to the noteholder. The note will accrue interest at the rate of 12% per annum. Interest on overdue amounts will accrue at 2% per annum. The transaction has been approved by the board of the company. 공시 • Mar 17
Genmin Limited, Annual General Meeting, May 29, 2025 Genmin Limited, Annual General Meeting, May 29, 2025. 공시 • Jan 31
Genmin Limited Announces Resignation of Michael Arnett as Non-Executive Director Genmin Limited (Genmin or the Company) announces that Mr. Michael Arnett has resigned as non-executive director of the Company, effective immediately. Mr. Arnett has been a member of the Board since the Company's admission to the Australian Securities Exchange (ASX) in 2021. In this time, Mr. Arnett has served as Chair of the Board, non-executive director, and served on all of the Board's sub-committees. Following the recent leadership changes, the Board has determined that its composition is appropriate and will not seek to appoint a replacement director. 공시 • Dec 02
Genmin Limited has completed a Follow-on Equity Offering in the amount of AUD 10 million. Genmin Limited has completed a Follow-on Equity Offering in the amount of AUD 10 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 170,000,000
Price\Range: AUD 0.05
Discount Per Security: AUD 0.003
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 30,000,000
Price\Range: AUD 0.05
Discount Per Security: AUD 0.003
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing New Risk • Sep 14
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$12m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$12m free cash flow). Shareholders have been substantially diluted in the past year (52% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (AU$44.6m market cap, or US$29.9m). New Risk • Apr 18
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: US$13m Forecast net loss in 2 years: US$8.6m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Shareholders have been substantially diluted in the past year (52% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$8.6m net loss in 2 years). Market cap is less than US$100m (AU$64.4m market cap, or US$41.5m). New Risk • Apr 02
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 52% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Shareholders have been substantially diluted in the past year (52% increase in shares outstanding). Revenue is less than US$1m (US$10k revenue). Minor Risk Market cap is less than US$100m (AU$66.5m market cap, or US$43.2m). Breakeven Date Change • Apr 02
Forecast breakeven date pushed back to 2025 The analyst covering Genmin previously expected the company to break even in 2024. New forecast suggests losses will reduce by 50% to 2024. The company is expected to make a profit of US$15.5m in 2025. Average annual earnings growth of 122% is required to achieve expected profit on schedule. Board Change • Apr 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Independent Non-Executive Chairman Michael Arnett was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 공시 • Mar 19
Genmin Limited, Annual General Meeting, May 30, 2024 Genmin Limited, Annual General Meeting, May 30, 2024. Agenda: To consider the re-election and appointment of directors. 공시 • Feb 07
Genmin Limited has filed a Follow-on Equity Offering in the amount of AUD 28.271943 million. Genmin Limited has filed a Follow-on Equity Offering in the amount of AUD 28.271943 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 150,511,078
Price\Range: AUD 0.1
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 44,320,000
Price\Range: AUD 0.1
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 87,888,350
Price\Range: AUD 0.1
Security Features: Attached Options
Transaction Features: Rights Offering; Subsequent Direct Listing 공시 • Jan 22
Genmin Limited Announces Chief Financial Officer Changes Genmin Limited announced the appointment of Mr. Ben Bussell, Director and CEO of Minerva Corporate, as Chief Financial Officer of the Company. Mr. Bussell is a Senior Accountant with over 20 years' experience in public accounting, corporate accounting and taxation. He acts as CFO of several ASX-listed and private entities, primarily focused on the preparation of general and special purpose financial reports and managing all aspects of their independent audit and reporting to stakeholders. Ben is a member of the Governance Institute of Australia. Former CFO, Ms. Salina Michels has completed her fixed term tenure with the Company. Breakeven Date Change • Apr 28
Forecast to breakeven in 2024 The analyst covering Genmin expects the company to break even for the first time. New forecast suggests the company will make a profit of US$73.9m in 2024. Average annual earnings growth of 101% is required to achieve expected profit on schedule. Board Change • Apr 09
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Chairman Michael Arnett was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Breakeven Date Change • Apr 02
Forecast to breakeven in 2024 The analyst covering Genmin expects the company to break even for the first time. New forecast suggests the company will make a profit of US$73.9m in 2024. Average annual earnings growth of 101% is required to achieve expected profit on schedule. Board Change • Mar 01
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Chairman Michael Arnett was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Breakeven Date Change • Jan 01
Forecast to breakeven in 2024 The analyst covering Genmin expects the company to break even for the first time. New forecast suggests the company will make a profit of US$73.9m in 2024. Average annual earnings growth of 91% is required to achieve expected profit on schedule. Board Change • Jul 28
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Chairman Michael Arnett was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.