Heritage Distilling Holding Company, listed on Nasdaq, has successfully completed a $223.8 million private placement. The transaction, finalized on August 15th, was supported by the Story Foundation and prominent investors such as a16z Crypto, Amber Group, and Polychain Capital. This funding aims to bolster the company's IP token digital asset financial strategy. Currently, Heritage Distilling holds over 53.2 million of Story's native IP tokens, valued at approximately $320 million as of August 22nd.
Heritage Distilling Secures $223.8 Million in Private Placement
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