Company: IPST
Filing Date: 2025-08-26
Form Type: S-1
Source: 0001213900-25-080839
Chunk: 301

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-08-26
Form: S-1
Chunk 301
---
9.99% of the Company’s outstanding shares of common, and having no expiration date. In the six months ended June 30, 2025: 1,027,868 prepaid warrants were exchanged for 55,917shares of Series B Preferred Stock (See also Preferred Stock — Series B below); 327,868 prepaid warrants were issued in connection with the issuance of Series B Preferred Stock, and 3,071,992 prepaid warrants were exercised for common stock (including 2,321,342 from a related party), leaving 100,000 prepaid warrants outstanding (including 0 prepaid warrants outstanding of the related party). Subsequent to June 30, 2025, 100,000 prepaid warrants were exercised, leaving 0 prepaid warrants outstanding. The following sets forth the outstanding prepaid warrants and common warrants as of June 30, 2025:

|                                                               |     |    Prepaid 
   Warrants |   |     |   Common 
 Warrants |   |
| Balance December 31, 2024                                     |     |  3,871,992 |   |     |  382,205 |   |
| Exercise of Warrants in Exchange for Common Stock             |     | (3,071,992 | ) |     | (112,144 | ) |
| Exercise of Warrants in Exchange for Series B Preferred Stock |     | (1,027,868 | ) |     |        — |   |
| Warrants Issued with Series B Preferred Stock                 |     |    327,868 |   |     |        — |   |
| Balance June 30, 2025                                         |     |    100,000 |   |     |  270,061 |   |

Upon the closing of the Company’s initial public offering on November 25, 2024, the conditional issuances of prepaid warrants and common stock noted in the table above became effective. In addition to the prepaid warrants and common warrants in the table above: 119,207 warrants to purchase common stock at $0.01 per share were issued in connection with the initial aggregate $250,000 of non -ELOCInvestor Series B Preferred Stock subscriptions (see Preferred Stock — Series B below). In the six months ended June 30, 2025, 3,071,992 prepaid warrants (with an exercise price of $0.001 each) were exercised cashlessly for 3,066,776shares of common stock (including related party cashlessly