Harvest Technology Group Ltd. Secures A$1.2 Million in Funding to Strengthen Working Capital and Develop 3-Year Strategic Plan
Harvest Technology Group Ltd. (AU:HTG) has recently secured A$1.2 million in funding through loan note financing, with the possibility of an additional A$200,000 raised before fees. This funding will be used to strengthen the company’s working capital. The 12-month loan terms have been structured to minimize dilution for existing shareholders, offering repayment options in cash or shares and an interest rate of 15%.
CEO Ilario Faenza highlighted the significance of this funding in the company’s transformation and growth. He also mentioned that Harvest Technology Group Ltd. is currently developing a 3-year strategic plan, which will be shared with stakeholders in the near future. This strategic plan is expected to provide a roadmap for the company’s future activities and growth prospects.
For more information on AU:HTG stock and to access additional insights, investors can visit TipRanks’ Stock Analysis page. This platform offers comprehensive analysis and data on various stocks to help investors make informed investment decisions.
