Company: IPST
Filing Date: 2025-08-26
Form Type: S-1
Source: 0001213900-25-080839
Chunk: 333

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-08-26
Form: S-1
Chunk 333
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reverse stock split approved by the Board and stockholders in May 2024. Private Placement of Common Stock (Private Investment in Public Equity (“PIPE”)) —On August 11, 2025, Heritage Distilling Holding Company, Inc. (the “Company”) entered into subscription agreements (each, a “Subscription Agreement” and collectively the “Subscription Agreements”) with certain institutional and accredited investors (each, an “Investor” and collectively, the “Investors”), pursuant to which the Company, subject to the restrictions and satisfaction of the conditions in the Subscription Agreements, has agreed to sell in a private placement (the “Offering”) to the Investors an aggregate of $183,478,891shares (the “Shares”) of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), and pre -fundedwarrants (the “Pre -FundedWarrants”) to acquire in the aggregate up to 186,900,000shares of Common Stock. The purchase price for the Shares is $0.6043 per share (the “Share Price”) and the purchase price for the Pre -FundedWarrants is equal to the Share Price less $0.0001, or $0.6042 per Pre -FundedWarrant. Included among the Investors in the Offering are Story Foundation, the entity behind the Story Network (“Story Foundation”), which has agreed to purchase 9,295,141 Shares and Pre -FundedWarrants to purchase 85,000,000shares of Common Stock; Justin Stiefel, the Company’s Chairman and Chief Executive Officer, who has agreed to purchase 3,309,614 Shares; and Andrew Varga, a director of the Company, who has agreed to purchase 300,000 Shares. Of the total $223,819,964 purchase price for the Shares and the Pre -FundedWarrants, $50,862,166 was paid in cash, $49,137,833 was paid in the cryptocurrency stablecoin commonly referred to as USDC (“USDC”), based on a purchase price of $1.00 per USDC, and $123,819,949 was paid in the native cryptocurrency of the Story

F-43 Heritage Distilling Holding Company, Inc.
Notes to Condensed Consolidated Financial Statements
(unaudited) NOTE 14 — SUBSEQUENT EVENTS (cont.) Network, referred to as $IP Tokens (“$IP Tokens”), which will be valued for purpose of the Subscription