Company: IPST
Filing Date: 2025-12-12
Form Type: S-1/A
Source: 0001213900-25-121277
Chunk: 420

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-12
Form: S-1/A
Chunk 420
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 the sum of (i) the Stated Value plus (ii) the amount of all accrued dividends, by (b) the then -applicableConversion Price. Any time on or after June 15, 2025, the Company shall have the right to redeem some or all of the outstanding shares of Series A Preferred Stock from funds legally available therefor, upon at least 30 daysprior written notice to the holders of the Series A Preferred Stock, at a redemption price per share equal to 110% of the sum of the Stated Amount, plus all accrued and unpaid dividends on such shares of Series A Preferred Stock (or $ 492,366as of December 31, 2024). The Company received subscriptions of $ 4,948,478of Series A Preferred Stock (of which $ 1,831,265was from a related party), including $ 2,025,000in cash (of which $ 834,000was from a related party); $ 1,155,000in the form of 525barrels of aged whiskey (with an average value of $ 2,200per barrel and with $ 259,875allocated to barrel fixed assets and $ 895,125allocated to whiskey inventory); $ 110,600was paid by the sale of and transfer to the Company by a related party of an aggregate of 50barrels of premium aged whiskey (with an average value of $ 2,212per barrel and with $ 24,750allocated to barrel fixed assets and $ 85,850allocated to whiskey inventory); and, F-89 Heritage Distilling Holding Company, Inc.
Notes to Consolidated Financial Statements NOTE 9 — STOCKHOLDERS’ EQUITY/(DEFICIT) (cont.) $ 719,919was paid by the cancellation of outstanding indebtedness (factoring agreements) (of which $ 296,619was from a related party). In addition, the Series A Preferred Stockholders who were issued Series A Preferred Stock in July through September 2024 received an additional 510,315warrants with an exercise price of $ 120per share as part of the Series A Preferred Stock subscriptions (the “$ 120Warrants”) (of which 321,026of the $ 120Warrants were issued to a related party). In September 2024, the 510,315$ 120Warrants (including 321,026$ 120Warrants from a related party) were exchanged for 93