Heritage Distilling Holding Com
0.6000+0.12 (+23.9%)
Sep 19, 4:00:01 PM EDT · NasdaqCM · CASK · USD
Key Stats
Market Cap
125.83MP/E (TTM)
-Basic EPS (TTM)
-2.92Dividend Yield
0%Recent Filings
8-K
Authorized shares increased 500M
Heritage Distilling Holding Company boosted its authorized shares by 500 million on September 26, 2025, after stockholders approved the move at a special meeting on September 18, lifting total capital stock to 995 million—985 million common and 10 million preferred. The amendment, greenlit by 88% of votes cast, enhances flexibility for future equity raises amid growth needs. No specific plans disclosed. This positions the company for potential expansions without immediate dilution.
8-K
Debt cleared, $IP tokens acquired
Heritage Distilling Holding Company completed a $223.8 million private placement on August 15, 2025, blending $95 million cash and $128.8 million in $IP tokens from investors like a16z crypto and Polychain Capital. This slashed liabilities by $19.3 million, wiping out all secured debt and trimming annual interest by over $2 million, while adding over 53.2 million $IP tokens worth more than $320 million to its treasury. Debt gone. The company plans to stake tokens for yields, boosting flexibility for spirits growth amid crypto volatility risks.
8-K
Closes $223.8M crypto-tied offering
Heritage Distilling Holding Company closed a private placement on August 15, 2025, selling pre-funded warrants to purchase 370,378,890 shares of common stock for $223.8 million, with payments split between cash, USDC, and $IP Tokens at discounted valuations. The deal activates the company's digital asset treasury strategy, earmarking at least $80 million to buy $IP Tokens from Story Foundation at $3.40 each, while using other proceeds for debt repayment and crypto acquisitions. Warrants await stockholder approval before automatic cashless exercise. Volatility in $IP Token prices poses a key risk.
10-Q
Q2 FY2025 results
Heritage Distilling's Q2 FY2025 revenue fell 28% y/y to $1.3M, with products down 27% to $1.1M and services off 34% to $0.3M, as the firm dialed back marketing to eye crypto treasury plays while trimming low-margin lines. Gross profit plunged 70% to $0.2M, yielding a slim 17% margin—yet excluding unabsorbed overhead, it held at 63%, signaling efficiency gains amid capacity shifts. Operating loss widened to $6.6M from $2.3M, fueled by $3.1M in RSU comp and higher G&A, while net loss hit $7.3M versus $8.4M profit last year, sans fair-value boosts. Cash dipped to $0.2M, with $13M debt (mostly Silverview at 16.5%, due 2026) and $3.5M op cash burn; ELOC drew $0.7M, but going-concern doubts linger. Nasdaq bid-price woes risk delisting by October. Tariffs threaten input costs, yet domestic sourcing softens the blow.
8-K
Heritage launches $IP token treasury
Heritage Distilling Holding Company announced a $223.8 million private placement of 183.5 million shares and pre-funded warrants to institutional investors, including Story Foundation, closing August 13, 2025. Proceeds split across cash, USDC, and $IP tokens will fund a digital asset treasury strategy, with at least $80 million buying $IP tokens from Story Foundation at $3.40 each, while capping debt repayment at $7 million. This bold pivot ties Heritage's fortunes to $IP's volatile blockchain ecosystem, yet risks regulatory scrutiny loom large.
IPO
Employees
Sector
Industry
AMZE
Amaze Holdings, Inc.
0.99-0.11
BF-A
Brown Forman Inc
26.67-1.37
DEO
Diageo plc
91.71-2.34
HKHHF
HEINEKEN HOLDING
69.00-0.83
IBG
Innovation Beverage Group Limit
3.38-0.23
MGPI
MGP Ingredients, Inc.
24.69+1.02
SAM
Boston Beer Company, Inc. (The)
212.98-9.75
SBEV
Splash Beverage Group, Inc. (NV
1.87-0.20
STZ
Constellation Brands, Inc.
130.98-3.21
YHC
LQR House Inc.
0.93-0.06