Heritage Distilling Holding Company Inc. recently closed a private placement offering, selling Pre-Funded Warrants to purchase a total of 370,378,890 shares of its common stock at a price of $0.6042 per warrant, raising $223.8 million. Notable participants included Story Foundation, which acquired warrants for 107,781,820 shares, Justin Stiefel, the company's CEO, who purchased warrants for 3,309,615 shares, and director Andrew Varga, who bought warrants for 300,000 shares.
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