Harvest Technology Group Secures A$1.2 Million in Loan Note Financing to Drive Transformation and Unveil 3-Year Strategic Roadmap
Harvest Technology Group Ltd. (AU:HTG) has recently made a significant announcement regarding its financial position. The company has secured A$1.2 million in loan note financing, with the potential for an additional A$200,000 before fees to support its working capital needs. The terms of the 12-month loan have been structured to minimize dilution for existing shareholders, offering repayment options in either cash or shares and carrying an interest rate of 15%.
According to CEO Ilario Faenza, this funding is crucial in driving the company’s transformation and he mentioned plans to unveil a 3-year strategic roadmap in the near future. Those interested in learning more about AU:HTG stock can find further insights and analysis on TipRanks’ Stock Analysis page.
