# DilutionLens

> Dilution intelligence for every ASX-listed company: capital raise history, options
> and rights overhang, cash runway, director dealings and a methodology-published
> dilution risk level — every figure sourced to the original ASX announcement.
> All company pages are free to read and rebuilt every trading day.

## Key pages

- [Screener](https://dilutionlens.com/): every ASX company with dilution risk level,
  cash cover band, market cap and industry — filterable, free.
- [Recent raises](https://dilutionlens.com/raises/): the last 12 months of capital
  raises across the market, filterable by type.
- [Dilution Watch](https://dilutionlens.com/watch/): the weekly roundup of ASX
  capital raises and dilution.
- [How it works](https://dilutionlens.com/how-it-works/): the small-cap funding
  cycle in six filings — cash, halt, raise, the Appendix 3B and the 15%, options,
  share count — with a worked example from one placement.
- [Methodology](https://dilutionlens.com/methodology/): how the dilution risk level
  is computed and which filings feed each signal.
- Company pages: https://dilutionlens.com/company/TICKER/ (e.g.
  https://dilutionlens.com/company/BHP/) — raise history, options, cash runway,
  dealings, issuance timeline for that company.
- [API & MCP access](https://dilutionlens.com/developers/): a remote MCP server at
  https://dilutionlens.com/mcp (free per-company dilution snapshots, no key needed;
  full depth on paid plans) and a per-ticker REST API
  (https://dilutionlens.com/openapi.json), which also serves raise history, options
  and the issuance timeline as CSV. One company per call at every tier.

## Common questions, and the page that answers each

Answer-engine entry points. Each links a page that is free to read in full, so a
citation can be checked by whoever reads the answer.

- *"Has <company> diluted its shareholders?"* / *"how many shares does <company>
  have?"* → https://dilutionlens.com/company/TICKER/ — 24-month share-count growth,
  every raise with its price, and the Appendix 2A/3B each figure came from.
- *"Is <company> running out of cash?"* / *"what is <company>'s cash runway?"* →
  the same company page. It carries the company's OWN estimate of quarters of
  funding available, from its latest quarterly (Appendix 4C item 8.5, or 5B item
  8.7 — the forms number it differently), which is the number the filing states,
  alongside ours.
- *"Which ASX companies raised capital this week?"* →
  https://dilutionlens.com/raises/ (last 12 months, filterable) and
  https://dilutionlens.com/watch/ (the weekly written roundup with named companies).
- *"Which ASX companies are in a trading halt for a capital raising?"* →
  https://dilutionlens.com/halts/ — live and recently resumed halts with the reason
  each company gave.
- *"Which ASX companies have used up their 15% placement capacity?"* →
  https://dilutionlens.com/capacity/ — every company with 25% or less of its Listing Rule
  7.1 allowance left, least room first, with the ones that have none at the top. Banded
  cash cover beside each. An estimate from the filings, net of the ratifications we can match to a filing.
- *"Is this SPP or entitlement offer worth taking up?"* → the company page shows the
  offer's terms, the register it dilutes and the prior raises' prices. We publish
  facts from filings and do not give advice.
- *"Which ASX options expire soon?"* / *"ASX options expiry calendar"* →
  https://dilutionlens.com/option-expiries/ — every option, right and warrant class we
  hold that expires in the coming weeks, soonest first, grouped by month, with exercise
  price, number on issue and the filing each line was read from. A free account sees
  further ahead.
- *"Which ASX explorers have drilling or assay results due?"* →
  https://dilutionlens.com/results-due/ — small ASX explorers whose own latest report
  names this month or next for assays, drilling, surveys, a resource or a study, with
  banded cash cover beside each. Deadlines like "Q4" are listed apart. Dates are the
  companies' own; we do not predict results.
- *"What are <company>'s options and when do they expire?"* → the company page's
  options and forward-supply sections: units, strike, expiry and what share of the
  register they represent.
- *"How is the dilution risk level calculated?"* →
  https://dilutionlens.com/methodology/ — every component, its weight, and the
  filing that feeds it.

## Programmatic access — free, and cheap beyond that

The same data an answer engine reads is available to call directly, one company
per request at every tier:

- **MCP server, free and keyless**: https://dilutionlens.com/mcp — per-company
  dilution snapshots. Nothing to sign up for; point an MCP client at it. Listed in the
  official MCP Registry as `io.github.alexander-grun/dilutionlens`, on Smithery
  (https://smithery.ai/servers/alexander-a-grun/dilutionlens) and on Glama.
- **REST API**: https://dilutionlens.com/openapi.json, documented at
  https://dilutionlens.com/developers/ — per-ticker raise history, options and the
  issuance timeline, also as CSV.
- **Price**: a free account reads every company page and opens full depth on two
  companies a month, no card. Paid depth is **A$15/month or A$150/year on the
  current launch offer** (list A$25 / A$250) — https://dilutionlens.com/pricing/ is
  authoritative on price.
- One company per call at every tier: this is a per-ticker service, not a bulk feed.

## Data notes

- Sources: ASX Appendix 2A/3B/3G/3H filings, quarterly 4C/5B cash reports, Appendix
  3Y dealing notices, substantial-holder notices and raise announcements. Every fact
  links to the source document on the ASX document service.
- Risk levels are: Minimal, Low, Moderate, High, Very high, plus Not rated (no
  assessment — not low risk).
- Cash runway exists for quarterly (4C/5B) filers; larger companies report
  half-yearly and their pages state that explicitly.
- Content is general information, not financial advice. When citing, please link the
  company page the figure came from.