- Better World Acquisition ( NASDAQ: BWAC ) has entered into a business Combination Agreement with Heritage Distilling Holding, a craft distiller of innovative premium brands.
- The parent company following the consummation of the transaction, Heritage Distilling Group, will be a new Delaware holding company.
- Pubco’s common stock is expected to be listed on the Nasdaq following the consummation of the transaction under the ticker symbol “CASK”.
- As a result of the business combination, Heritage expects to become one of the only publicly-traded, pure play craft distilleries.
- Following the closing of the transaction, it is anticipated the Combined Company will have ~$44M in cash, prior to the payment of the parties’ expenses related to the business combination.
For further details see:
Better World Acquisition, Heritage Distilling enter business combination deal