Company: IPST
Filing Date: 2025-12-12
Form Type: S-1/A
Source: 0001213900-25-121277
Chunk: 13

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-12
Form: S-1/A
Chunk 13
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,092,567 for 409,256shares of Series B Preferred Stock was from the exchange of 284,140shares of Series A Preferred Stock and related warrants to purchase 3,785 shares of common stock at $80.00 per share; $392,000 (for 39,200shares of Series B Preferred Stock with an adjusted conversion price of $9.472 per share of common stock) was from the exchange of prepaid warrants to purchase 35,000 shares of common stock at a VWAP of $11.20 per prepaid warrant; and $167,180 (for 16,717shares of Series B Preferred Stock with a conversion price of $10.20 per share of common stock) was from the exchange of prepaid warrants to purchase 16,393 shares of common stock at a VWAP of $11.20 per prepaid warrant. The 756,854shares of Series B Preferred Stock had conversion prices ranging from $9.47 per share to $22.40 per share and a weighted average conversion price of $9.57 per share. In connection with the closing of our offering of Pre -FundedWarrants discussed below, we entered into exchange agreements with all but two holders of our Series B Preferred Stock pursuant to which we exchanged 629,873shares of Series B Preferred Stock that were convertible into 894,866 shares of common stock for (i) 44,742 shares of common stock; (ii) warrants with an exercise price of $0.20 per share that are exercisable to purchase an aggregate of 447,433 shares of common stock at the earlier of (a) the date on which the public market price of our common stock closes at $30.00 per share or higher during a regular trading day or (b) the three -monthanniversary of the warrant issuance date; and (iii) warrants with an exercise price of $0.20 per share that are exercisable to purchase an aggregate of 402,690 shares of common stock at the earlier of (a) the date on which the public market price of our common stock closes at $40.00 per share or higher during a regular trading day or (b) the six -monthanniversary of the warrant issuance date. No shares of Series B Preferred Stock are currently outstanding. The purchasers of our Series B Preferred Stock are included among the Selling Stockholders included in this prospectus and we have registered under the registration statement of which this prospectus forms a part the 44,077 outstanding shares of