Proposed Consolidation of Capital
Released
Released
Announcement PDF
AUSTRALIA – USA – UK – GERMANY – CHINA – JAPAN | PG 1
ASX Announcement
ATOMOS LIMITED (ASX:AMS)
19 October 2026
Proposed Consolidation of Capital
Melbourne, Australia - Atomos Limited (ASX:AMS) (‘Atomos’ or the ‘Company’) advises it
intends to undertake a consolidation of its issued capital at a ratio of 20:1 (Consolidation),
subject to receiving shareholder approval at the Company’s Annual General Meeting to be held
at 11am (AEDT) on Thursday, 19 November 2026.
The Consolidation is intended to simplify Atomos’s capital structure by reducing the number of
shares on issue to a level that the Board considers more proportionate to the Company’s global
scale and more readily comparable with relevant listed peers.
Atomos has approximately 1.49 billion ordinary shares and approximately 145.5 million options
on issue. Following the Consolidation, the Company expects to have approximately 74.5 million
ordinary shares and approximately 7.3 million options on issue.
The Board also considers that the Consolidation may improve price granularity. At the closing
price of $0.010 on 16 October 2026, the minimum ASX price step of $0.001 represents
approximately 10.0% of the share price. On a 20:1 basis, the theoretical post-Consolidation
price would be approximately $0.20, at which the minimum ASX price step is $0.005, or
approximately 2.5% of the share price. The Board considers that a smaller minimum price step
relative to the share price may support more orderly trading and price discovery. The actual
post-Consolidation share price will be determined by the market and may differ from the
theoretical price.
Effect of Consolidation
If approved by shareholders, every twenty (20) securities on issue will be consolidated into one
(1) security.
The Consolidation will not alter the underlying value of shareholders' security holdings or their
proportional ownership in the Company, other than minor changes resulting from the treatment
of fractional entitlements.
The Consolidation is a mechanical adjustment to the number of securities on issue. It does not,
of itself, change the Company’s market capitalisation, assets, liabilities, cash position, strategy
or operations, raise capital or dilute shareholders, or represent a forecast or assurance as to
the future market price, liquidity or performance of Atomos shares. The market price of Atomos
shares following the Consolidation will continue to be determined by normal market trading
and may rise or fall.
For example, a shareholder holding 100,000 shares at an assumed price of $0.010 per share,
with a total holding value of $1,000, would following the Consolidation hold 5,000 shares at an
assumed price of approximately $0.20 per share, with the same total holding value of $1,000,
before any normal market movements.
AUSTRALIA – USA – UK – GERMANY – CHINA – JAPAN | PG 2
The Consolidation will apply equally to all securityholders. Fractional entitlements arising from
the Consolidation will be rounded up to the nearest whole security.
In accordance with ASX Listing Rules 7.21 and 7.22, the number of options on issue will be
consolidated in the same ratio as the ordinary shares and the exercise price of each option will
be amended in inverse proportion to that ratio. This applies to all options on issue, being the
options issued to employees in July 2025, the options issued to Managing Director and CEO Mr
Peter Barber in November 2025, and 1,637,312 options issued in prior years at various exercise
prices and expiry dates. For each holding, the number of options will be divided by twenty (20)
and the exercise price multiplied by twenty (20), so that the total exercise value of each holding
is unchanged.
The 2,666,666 options proposed to be issued to Non-Executive Chair Mr James Joughin, subject
to shareholder approval of Resolution 5 at the Annual General Meeting, will become 133,333
options with an exercise price of $0.30 if issued after the Consolidation. Similarly, the up to
30,000,000 conditional shares that may be issued under the earn-out for the acquisition of
Flanders Scientific, Inc. will become up to 1,500,000 shares following the Consolidation.
Indicative Timetable
If shareholder approval is obtained, the Consolidation is expected to be implemented in
accordance with the indicative timetable below:
Event Date
Notice of Meeting despatched along with ASX Appendix 3A.3 and
announcement of Consolidation (including the effective date)
19 October 2026
Shareholder approval at Annual General Meeting.
Company notifies ASX that the Consolidation is approved.
19 November 2026
Effective date of Consolidation (Day 0) 23 November 2026
Last day for trading pre-Consolidation securities (Day 1) 24 November 2026
Trading in reorganised securities commences on a deferred
settlement basis (Day 2)
25 November 2026
Record Date for Consolidation. Last day for Company to register
transfers on a pre-Consolidation basis (Day 3)
26 November 2026
Registration of securities on a post-Consolidation basis. First day
to send new Holding Statements (Day 4)
27 November 2026
Deferred settlement trading ends. Last day to update register and
send notice to all shareholders (and notification to ASX that this
has occurred) (Day 8)
3 December 2026
Normal trading in reorganised securities commences (Day 9) 4 December 2026
Subject to the Listing Rules, the timetable above may be changed at the discretion of the Board or as required by the ASX.
Further details regarding the proposed Consolidation will be included in the Notice of Annual
General Meeting released to the ASX today.
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This announcement has been authorised for release by the Atomos Board of Directors.
-- ENDS --
For further information, please contact:
Peter Barber
Managing Director and CEO
peter@atomos.com
Atomos’ Interactive Investor Hub
Our investor hub is an interactive location to engage with the Atomos team on our
announcements and updates.
Please go to the Atomos Investor Hub for all market announcements & other news
https://investors.atomos.com
About Atomos
ATOMOS designs pioneering products that transform the way film and video content is made
around the world. From our range of hardware devices for monitoring and recording, easy-to-use
software tools, and intelligent cloud services, we engineer best-in-class technologies and create
products for the next generation of filmmakers.
Through relentless innovation, we simplify your workflow. Whether you record cinema-quality
footage, monitor a scene with crystal clear colour accuracy, switch between multiple cameras,
or stream a live event with a portable studio, ATOMOS empowers anyone to realize the best
possible version of their creative potential.
ATOMOS is based in Melbourne, Australia, with a distributed worldwide team and offices in the
USA, Japan, China, UK, and Germany and has a worldwide distribution partner network.
For more information, please visit www.atomos.com.
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