• Harvest Technology Group secures $6M funding facility with RiverFort Global Capital
• Funding to be used predominantly for working capital, with initial $1.5M drawdown
• Facility provides framework for accessing further funding, subject to shareholder approval

Harvest Technology Group Limited (ASX:HTG) has announced that it has entered into a funding agreement with RiverFort Global Capital Ltd (RiverFort) for the provision of funding of up to A$6,000,000. The funding will be used predominantly for working capital, with the First Drawdown of A$1,500,000 before fees to be drawn down immediately. Further drawdowns of up to $4,500,000 in total before fees can be accessed, in amounts and on dates to be agreed between the parties and subject to shareholder approval. CEO Ilario Faenza stated that the facility provides Harvest with the ability to pursue its immediate business plans and a framework for accessing further funding to support its future capital requirements. RiverFort's CEO Gytis Martinkus commented that the facility reflects their confidence in Harvest's Nodestream platform and the rapidly expanding addressable market, particularly in sectors such as marine and defence. The key terms of the funding agreement include a 24-month maturity, nil interest (other than default interest), facility fees, pre-issued shares, and attaching options. The funding will be secured by a third-ranking charge over the company's assets, a first-ranking charge over the R&D tax incentive, and corporate guarantees from relevant subsidiaries.

The funding facility provides Harvest Technology Group with access to committed capital when required, allowing the company to accelerate its growth ambitions and deliver value for shareholders.