Heritage Distilling Raises $6.42M Through Series B Preferred Stock and Warrants Transactions

Reuters
04 Jun
Heritage Distilling Raises $6.42M Through Series B Preferred Stock and Warrants Transactions

Between February 21, 2025, and May 29, 2025, Heritage Distilling Holding Company, Inc. entered into agreements with 14 accredited investors, selling a total of 642,137 shares of Series B Convertible Preferred Stock in a private placement. The aggregate gross proceeds from these sales amounted to $6,421,377. The transactions included $392,000 from the exchange of 700,000 prepaid warrants and $4,092,567 from the exchange of Series A Preferred and warrants. The conversion prices for these Series B shares ranged from $0.4736 to $1.17 per share, with a weighted average conversion price of $0.47 per share.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Heritage Distilling Holding Company Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001788230-25-000105), on June 03, 2025, and is solely responsible for the information contained therein.

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