Harvest Technology Group Ltd. (AU:HTG) recently announced a major update on its financial status. The company has secured A$1.2 million in loan note financing, with the possibility of an additional A$200,000 before fees, to support its working capital requirements. 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%. CEO Ilario Faenza emphasized the importance of this funding in driving the company’s transformation and mentioned plans to reveal a 3-year strategic roadmap in the near future.
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