Heritage Distilling’s (NASDAQ:CASK – Get Free Report) lock-up period is set to expire on Wednesday, May 21st. Heritage Distilling had issued 1,687,500 shares in its public offering on November 22nd. The total size of the offering was $6,750,000 based on an initial share price of $4.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the expiration of the lock-up period.
Heritage Distilling Trading Down 18.0%
Shares of NASDAQ:CASK opened at $0.51 on Friday. Heritage Distilling has a 1-year low of $0.40 and a 1-year high of $4.00. The firm’s 50 day moving average price is $0.54.
Hedge Funds Weigh In On Heritage Distilling
Several large investors have recently added to or reduced their stakes in the company. Anson Funds Management LP purchased a new position in shares of Heritage Distilling in the fourth quarter worth $886,000. Wealth Preservation Advisors LLC purchased a new position in shares of Heritage Distilling in the first quarter worth $26,000. Finally, Mattern Wealth Management LLC purchased a new position in shares of Heritage Distilling in the fourth quarter worth $76,000.
Heritage Distilling Company Profile
Heritage Distilling Holding Company Inc is a craft distiller of premium brands, including whiskeys, vodkas, gins, rums and ready-to-drink canned cocktails. Heritage Distilling Holding Company Inc is based in GIG HARBOR, Wash.
See Also
- Five stocks we like better than Heritage Distilling
- Using the MarketBeat Dividend Tax Calculator
- Top 4 ETFs for China Exposure After Tariff Relief
- ETF Screener: Uses and Step-by-Step Guide
- Build a Complete Bond Portfolio With These 4 ETFs
- 3 Natural Gas Stocks That Offer Great Dividend Yields
- MarketBeat Week in Review – 05/12 – 05/16
Receive News & Ratings for Heritage Distilling Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heritage Distilling and related companies with MarketBeat.com's FREE daily email newsletter.
