Express
Heritage Distilling Completes $223.8 Million Private Placement, Holds $320 Million Worth of IP Tokens
Summary: According to Businesswire, Heritage Distilling Holding Company (NASDAQ: CASK) announced the completion of a $223.8 million private placement, including $95 million in cash and $128 million in IP tokens. This funding round was supported by institutions such as Story Foundation, a16z crypto, Amber Group, and Arrington Capital. Through this transaction, Heritage now holds over 53.2 ...
According to Businesswire, Heritage Distilling Holding Company (NASDAQ: CASK) announced the completion of a $223.8 million private placement, including $95 million in cash and $128 million in IP tokens. This funding round was supported by institutions such as Story Foundation, a16z crypto, Amber Group, and Arrington Capital. Through this transaction, Heritage now holds over 53.2 million IP tokens, with a total value exceeding $320 million based on the closing price of $6.0668 on August 22. Additionally, the company successfully paid off $19.3 million in debt, including all senior secured debt, saving over $2 million in interest expenses annually.
Tags:
Link: Heritage Distilling Completes $223.8 Million Private Placement, Holds $320 Million Worth of IP Tokens [Copy]
