Capital Signal

Arovella Therapeutics Limited (ASX: ALA)

Sector: Health Care

Market cap: A$64M (as of 2 Nov 2026)

A biotechnology company focused on developing its invariant Natural Killer T (iNKT) cell platform for cancer treatment.

Data as of 2 Nov 2026.

Recent capital raises

DateTypeAmountPriceDiscountSource
3 Mar 2025Placement$15M——Filing ↗
25 Mar 2024Placement$12.5M$0.1023.1% discountFiling ↗
10 July 2023SPP$2.2M——Filing ↗
7 June 2023Other$5.1M$0.0410% discountFiling ↗
18 Jan 2023Placement$1.66M$0.029.3% discountFiling ↗

Substantial holders — latest moves

DateHolderMoveHoldingSource
5 Mar 2025BNP PARIBAS NOMS PTY LTDEntry?% → 9.35%Filing ↗
17 Sept 2024Biotech Capital Management Pty Ltd as investment manager for the Merchant Biotech Fund (and related entities and associates as described below)Entry?% → 10.348%Filing ↗
17 Sept 2024Merchant Funds Management Pty Ltd (ABN 32 154 493 277) as manager of the Merchant Opportunities Fund (ARSN 111 456 387) and Merchant Group Pty Ltd (ABN 56 154 832 237)Decrease11.360% → 5.750%Filing ↗
21 June 2023Richard John Mann, Mann Beef Pty Ltd, The Lochwall Super Fund and Yasmin Marie Dennis MannEntry?% → 6.48%Filing ↗
22 May 2023Merchant Funds Management Pty Ltd (ABN 92 154 493 277) as manager of the Merchant Biotech Fund (ARSN 654 495 468) and Merchant Group Pty Ltd (ABN 56 154 832 237)Increase11.360% → 11.360%Filing ↗

Director trades — on-market

DateDirectorTradeSource
9 June 2026David John WilliamsBought 200,000 Ordinary SharesFiling ↗
28 Mar 2024Dr Thomas George DuthyBought 103,000Filing ↗
28 Mar 2024Gary Jonathan PhillipsBought 66,666 Ordinary SharesFiling ↗
27 Mar 2024Dr Michael BakerBought 220,000 Ordinary SharesFiling ↗
15 Dec 2021Paul HopperBought 1,000,000 ordinary sharesFiling ↗

Cash and runway

MetricValueAs ofSource
CashA$14M30 June 2026Filing ↗
Runway6.1 quarters30 June 2026Filing ↗

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Arovella Therapeutics Limited (ASX: ALA): capital raises, holders, director trades | Capital Signal