Heritage Distilling Holding Company, Inc.’s (NASDAQ:CASK) Lock-Up Period Will End on May 21st

Heritage Distilling’s (NASDAQ:CASK) lock-up period will expire on Wednesday, May 21st. Heritage Distilling had issued 1,687,500 shares in its initial public offering on November 22nd. The total size of the offering was $6,750,000 based on an initial share price of $4.00. After the end of the company’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Heritage Distilling Price Performance

Shares of CASK stock opened at $0.55 on Wednesday. The business’s 50-day moving average price is $0.54. Heritage Distilling has a 12-month low of $0.40 and a 12-month high of $4.00.

Insiders Place Their Bets

In other news, Director Andrew M. Varga purchased 47,500 shares of the company’s stock in a transaction on Friday, February 14th. The stock was purchased at an average price of $1.23 per share, with a total value of $58,425.00. Following the completion of the purchase, the director now directly owns 52,500 shares in the company, valued at approximately $64,575. This trade represents a 950.00% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Institutional Investors Weigh In On Heritage Distilling

A hedge fund recently bought a new stake in Heritage Distilling stock. Mattern Wealth Management LLC purchased a new position in shares of Heritage Distilling Holding Company, Inc. (NASDAQ:CASK) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 44,255 shares of the company’s stock, valued at approximately $76,000. Mattern Wealth Management LLC owned about 0.95% of Heritage Distilling as of its most recent SEC filing.

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.