• Secures $500,000 in new funding via unsecured convertible notes
• Notes will convert at a fixed price of 1.6 cents with 2-year options
• Funding to support 3-year pathway to profit plan

Harvest Technology Group Limited (ASX:HTG) has announced that it has secured binding commitments for $500,000 in new funding from sophisticated investors of Alto Capital. The funding will be provided via the issuance of unsecured convertible notes (the 'Notes'), which are subordinated to the company's existing secured convertible notes. The key terms of the Notes include a face value of $1,000 per note, a total of 500 notes issued, an interest rate of 15% per annum, and a conversion price of 1.6 cents per share. The Notes will convert on the earlier of the maturity date (3 months after issue) or 5 business days after shareholder approval is obtained. In addition, the company will issue 2-year options, with one option granted for every new share issued upon conversion, exercisable at 3 cents per option. The company must obtain all necessary shareholder and regulatory approvals to enable the conversion of the Notes and the issue of the options. If approvals are not obtained, the Notes will be redeemed in cash. Harvest Technology Group's CEO, Ilario Faenza, stated that the company is pleased with the ongoing support from Alto Capital, including the securing of this additional $500,000 in funding to support the company's 3-year pathway to profit plan.