Harvest Technology Group Ltd. (AU:HTG) has recently provided an update on its financial activities. The company announced that it has successfully secured A$1.2 million through loan note financing, with the possibility of an additional A$200,000 raised before fees. This funding will be utilized 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 in the process of 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.

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