Company: IPST
Filing Date: 2025-06-04
Form Type: POS AM
Source: 0001641172-25-013501
Chunk: 245

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-06-04
Form: POS AM
Chunk 245
---
871,992 |   |     |          | 382,205 |
| Exercise of Prepaid Warrants 
 in Exchange for Common Stock |     |          | (1,252,559 | ) |     |          |       — |
| Balance March 31, 2025       |     |          |  2,619,433 |   |     |          | 382,205 |
| Ending Balance               |     |          |  2,619,433 |   |     |          | 382,205 |

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: 119,207warrants to purchase common stock at $ 0.01per share were issued in connection with the initial aggregate $ 250,000of non-ELOC Investor Series B Preferred Stock subscriptions (see Preferred Stock - Series B below); and, subsequent to March 31, 2025, 327,868prepaid warrants were issued in connection with the issuance of Series B Preferred Stock (see Note 14).

In the three months ended March 31, 2025, 1,252,559prepaid warrants (with an exercise price of $ 0.001each) were exercised cashlessly for 1,250,777shares of common stock (including related party cashlessly exercised 1,117,559prepaid warrants with an exercise price of $ 0.001each for 1,115,909shares of common stock) leaving 2,619,433prepaid warrants remaining outstanding.

Subsequent to March 31, 2025, through May 19, 2025, 700,000prepaid warrants were exchanged for 39,200shares of Series B Preferred Stock; 327,868prepaid warrants were issued in connection with the issuance of Series B Preferred Stock, and, 1,072,960prepaid warrants were exercised for common stock (including 341,658from a related party), leaving 1,874,341prepaid warrants outstanding (including 862,125prepaid warrants outstanding of the related party).

Preferred stock — Series A— In May 2024 through September 2024, the Company sold $ 4,948,478of Series A Convertible Preferred Stock The shares of Series A Convertible Preferred Stock, par value $