Heritage Distilling, a Nasdaq-listed craft distiller, has announced its intention to acquire $82 million in intellectual property (IP) from Story Foundation. This strategic move follows a successful $220 million private placement that saw participation from Story Foundation and a16z Crypto, signaling strong investor confidence in Heritage Distilling's future. The company plans to allocate a significant portion of the investment, specifically $82 million, towards acquiring IP assets held by Story Foundation. Story Foundation intends to utilize the entire $82 million generated from this transaction to repurchase its own intellectual property, creating a circular flow of investment. This acquisition could potentially expand Heritage Distilling's product portfolio and market reach. ```