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Harvest Technology enables secondary trading of 116.6m new shares

Story Highlights
  • Harvest Technology Group issued 116,554,286 new ordinary shares without a prospectus under the Corporations Act.
  • The company lodged a secondary trading notice to permit on-sale of the shares and affirmed full compliance with reporting and disclosure rules.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Harvest Technology enables secondary trading of 116.6m new shares

Meet Samuel – Your Personal Investing Prophet

Harvest Technology Group Ltd. ( (AU:HTG) ) has shared an update.

Harvest Technology Group Ltd. has issued 116,554,286 fully paid ordinary shares, advising that these were issued without a prospectus under relevant provisions of the Corporations Act. By lodging a secondary trading notice, the company enables on-sale of these shares under an available exemption, while confirming compliance with its financial reporting and continuous disclosure obligations.

The company states that there is no undisclosed information that investors would reasonably require to assess its financial position, prospects, or the rights attached to the new shares. This assurance is intended to support orderly secondary trading of the newly issued stock and maintain transparency for existing and potential shareholders within the ASX regulatory framework.

The most recent analyst rating on (AU:HTG) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Harvest Technology Group Ltd. stock, see the AU:HTG Stock Forecast page.

More about Harvest Technology Group Ltd.

Harvest Technology Group Ltd. is an Australia-headquartered provider of network-optimised remote operations solutions, specialising in real-time remote control, communication, automation, and monitoring. The company focuses on ultra-low bandwidth livestreaming technologies that allow customers to maintain connectivity with remote operations and personnel worldwide using only a fraction of typical bandwidth resources.

Average Trading Volume: 830,091

Technical Sentiment Signal: Sell

Current Market Cap: A$14.11M

For detailed information about HTG stock, go to TipRanks’ Stock Analysis page.

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