- Heritage Distilling Holding Company, Inc. (CASK) completed a **$223.8 million private placement** offering on **August 15, 2025**, which included **$95 million in cash** and **$128.8 million in $IP tokens**.  **[1788230_0001788230-25-000144_cask-exx991xpressreleasex2.htm:0]** 
- The company reduced its outstanding liabilities by **$19.3 million**, including the full payoff of senior secured debt, which is expected to reduce annual interest expenses by **more than $2 million**.  **[1788230_0001788230-25-000144_cask-20250825.htm:0]** **[1788230_0001788230-25-000144_cask-exx991xpressreleasex2.htm:0]** 
- As part of its new digital asset treasury strategy, Heritage Distilling acquired **more than 53.2 million $IP tokens**, valued at **over $320 million** based on the August 22, 2025 closing price of **$6.0668 per $IP token**.  **[1788230_0001788230-25-000144_cask-20250825.htm:0]** **[1788230_0001788230-25-000144_cask-exx991xpressreleasex2.htm:0]** 
- Additionally, the company renegotiated its two largest leases, reducing annual expenses related to them by **over $550,000**.  **[1788230_0001788230-25-000144_cask-exx991xpressreleasex2.htm:0]**

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