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Heritage Distilling (Nasdaq: CASK), a craft distiller of premium spirits and ready-to-drink cocktails, has announced its IPO pricing of 1,687,500 shares at $4.00 per share, raising approximately $6.75 million in gross proceeds. The company granted underwriters a 30-day option to purchase up to 253,125 additional shares. Trading begins November 22, 2024, under symbol 'CASK'. Additionally, Heritage announced a concurrent private placement of warrants to purchase up to 382,205 shares at $0.01 per share, with total expected gross proceeds from both offerings reaching $8.25 million. Newbridge Securities serves as the sole book-running manager.
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