Heritage Distilling shares fall 2.83% premarket after completing a $223.8 million private placement offering.

Heritage Distilling Holding Company, Inc. fell 2.83% in premarket trading. The company recently completed a $223.8 million private placement offering, which included $95 million in cash and $128.8 million in $IP tokens. This offering was supported by leading investors such as Story Foundation, a16z crypto, Amber Group, and others. The transaction closed on August 15, 2025, and as a result, Heritage now holds more than 53.2 million $IP tokens on its balance sheet.