Harvest Technology Group Ltd. (AU:HTG) has released an update.
Harvest Technology Group Ltd. has successfully raised A$1.2 million through loan note financing, with a possibility of an additional A$200,000 before fees, to bolster its working capital. The 12-month loan terms are designed to be minimally dilutive to existing shareholders, with repayment options that include cash or shares and an interest rate of 15%. The CEO, Ilario Faenza, emphasized the funding’s role in transforming the company and outlined the anticipation of presenting a 3-year strategic plan soon.
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