Heritage Distilling’s (NASDAQ:CASK – Get Free Report) quiet period will expire on Wednesday, January 1st. Heritage Distilling had issued 1,687,500 shares in its IPO on November 22nd. The total size of the offering was $6,750,000 based on an initial share price of $4.00. During the company’s quiet period, underwriters and any insiders that worked on the IPO are restricted from issuing any earnings forecasts or research reports for the company because of SEC regulations. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.
Heritage Distilling Trading Down 15.4 %
NASDAQ CASK opened at $1.93 on Tuesday. Heritage Distilling has a 1-year low of $1.80 and a 1-year high of $4.00.
Heritage Distilling (NASDAQ:CASK – Get Free Report) last issued its earnings results on Friday, December 27th. The company reported ($8.02) earnings per share (EPS) for the quarter.
About Heritage Distilling
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.
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