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Harvest Technology Group Ltd (ASX:HTG)

ALERT: Price-sensitive ASX Announcement for HTG
Current share price for HTG : $0.011 -0.005 (-31.25%)+
Announcement
Release
19 Dec 2025 1:16PM
Price at Release
$0.016
Full Release
download
Summary
Harvest Technology Group Limited has drawn down an additional $1 million as part of its $6 million funding facility with RiverFort Global Opportunities PCC Ltd. This drawdown, which involves issuing convertible securities and attaching options without shareholder approval under Listing Rule 7.1, will be utilized to accelerate the company's execution of contracted and pipeline opportunities, support working capital, and strengthen the balance sheet. After this transaction, $3.5 million remains available under the facility for future use. This move is said to enhance the company's liquidity and provide flexibility for its strategic initiatives.
Key Points
  • Harvest Technology Group Limited announces a further drawdown of $1 million from its RiverFort funding facility.
  • This drawdown is part of a $6 million funding facility announced earlier.
  • Convertible securities and attaching options are issued without shareholder approval under Listing Rule 7.1.
  • Funds will be used to accelerate opportunities, support working capital, and strengthen the balance sheet.
  • Following this drawdown, $3.5 million remains available under the funding facility.
  • The company's CEO, Ilario Faenza, emphasizes the importance of this funding for strategic initiatives.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.