Harvest Technology Group Ltd. (AU:HTG) has recently secured A$1.2 million in loan financing, with the possibility of an additional A$200,000 raised before fees. The funds will be used to strengthen the working capital of the company. The terms of the 12-month loan are 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 importance of this financing in the transformation and growth of the company. He also mentioned that Harvest Technologi Group doo is in the process of developing a three-year strategic plan, which will be shared with interested parties 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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