Harris Technology secures A$1.5M strategic placement from Taiwan's FSP Technology

What's the deal? Harris Technology Group (ASX: HT8) has secured a A$1.5 million investment from FSP TechnologyDealroom has a profile for this one. Try Dealroom → (TWSE: 3015), a Taiwan-based global power supply manufacturer. FSP took up the shares through a private placement priced at 2 cents each — a 100% premium to HT8's 1 cent close the previous trading day.

Why now? The capital backs Harris Technology's refurbished tech division, launched in 2023. The unit posted gross margins of 44% in Q1 FY25, helping lift the half-year gross margin to 34.9% for the period ended 31 December 2024, up from 27.1% a year earlier. The division sells laptops, mini PCs, monitors, networking gear and refurbished servers, with smartphones and tablets next.

Why it matters. For FSP, the deal opens access to Harris Technology's e-commerce reach across AmazonDealroom has a profile for this one. Try Dealroom → and eBay, while supplying power products HT8 already sells. The placement, priced at a 100% premium to the last close, is a strategic vote of confidence from a corporate investor buying e-commerce reach as much as equity, as Harris Technology leans on its refurbished division to drive a turnaround after a stretch of share-price pressure.

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