【Heritage Distilling and Story Foundation Announce Launch of $360 Million IP Token Reserve, with Participation from Notable Investors like a16z crypto】According to Golden Finance, Heritage Distilling Holding Company, Inc. announced a $220 million private equity financing (PIPE) to establish a financial reserve strategy centered on IP (the native token of the Story network). Heritage will allocate $82 million from the proceeds of the PIPE to purchase IP tokens from Story Foundation at a fixed price of $3.40 per IP token. Story Foundation plans to use 100% of the net cash proceeds from the sale of IP tokens to Heritage for a strategic buyback of IP tokens on the open market within no more than 90 days following the completion of the transaction. Story Foundation is the operating entity of the Story project, which is an AI-native blockchain infrastructure aimed at the $80 trillion¹ intellectual property economy. This collaboration aims to expand Heritage's relevant business activities within the network. The transaction is being jointly managed by Cantor Fitzgerald & Co. and Roth Capital Partners as placement agents and financial advisors.

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