Capital Signal

Butn Limited (ASX: BTN)

Sector: Financials

Market cap: A$3M (as of 28 Oct 2026)

Butn Limited is a founder led Australian B2B funder innovating the way SMEs fund and grow their businesses. Butn focuses on transactional funding helping businesses through their working capital constraints.

Data as of 28 Oct 2026.

Recent capital raises

DateTypeAmountPriceDiscountSource
16 June 2025Placement$10M$0.104.8% discountFiling ↗
12 May 2024Rights issue$0.4M$0.05—Filing ↗
16 May 2023Placement$1.8M$0.204.8% discountFiling ↗
15 Mar 2023Placement$2M$0.1418.6% discountFiling ↗

Substantial holders — latest moves

DateHolderMoveHoldingSource
11 June 2026Acorn Capital LimitedEntry?% → 5.680%Filing ↗
18 Dec 2025REGAL FUNDS MANAGEMENT PTY LIMITED AND ASSOCIATESDecrease30.110% → 29.100%Filing ↗
29 Aug 2025Evolution Capital Pty LtdEntry?% → 10.340%Filing ↗
25 Aug 2025REGAL FUNDS MANAGEMENT PTY LIMITED AND ASSOCIATESEntry?% → 30.11%Filing ↗
7 Aug 2025WALRAP NOMINEES PTY LTD AND ITS ASSOCIATESDecrease14.080% → 10.350%Filing ↗

Director trades — on-market

DateDirectorTradeSource
10 Apr 2026Stanley GordonBought 400,000Filing ↗
10 Apr 2026Rael RossBought 180,000Filing ↗
10 Apr 2026Cameron Glenn PetricevicBought 1,066,666Filing ↗
19 Sept 2025Stanley GordonBought 150,000Filing ↗
4 Dec 2024Cameron Glenn PetricevicBought 9,600Filing ↗

Latest guidance

DatePeriodGuidanceSource
17 June 2025FY25/26Management believe the Business is well positioned to capitalise on current growth momentum and a proven business model to drive strong originations growth, free cashflow and further profit into FY25/26 and beyondFiling ↗

Ask about BTN in Claude or ChatGPT

Add the Capital Signal connector at https://capitalsignal.io/api/mcp, then ask:

  • Has BTN raised money in the last year, and at what discount?
  • What was BTN's latest cash position and runway?

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Butn Limited (ASX: BTN): capital raises, holders, director trades | Capital Signal