Company: IPST
Filing Date: 2025-06-13
Form Type: S-1
Source: 0001641172-25-015121
Chunk: 258

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-06-13
Form: S-1
Chunk 258
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 a specified 10-Trading-Day 
 VWAP price before expiring                      |     |  0.025% 
 to 2.25 | % |

As of March 31, 2025, there were outstanding and exercisable: 625,446$ 8Contingent Legacy Shareholder Warrants; 1,250,892$ 12Contingent Legacy Shareholder Warrants; and 1,563,615$ 20Contingent Legacy Shareholder Warrants, (of which 0; 0; and 0, respectively were to a related party) with weighted-average remaining contractual terms of 1.58years, 3.08years, and 4.59years, respectively.

Other equity classified warrants— For the three months ended March 31, 2025 the Company issued a total of 186,369warrants, including: 119,207warrants to purchase common stock at $ 0.01per share issued in connection with the issuance of Series B Preferred Stock (of which, 53,418were to a related party); and, 67,162Commitment Warrants to purchase common stock at $ 0.001per share issued in connection with the ELOC Purchase Agreement (that were exercised in February, 2025). Subsequent to March 31, 2025, the Company issued 884,159Whiskey Note Shareholder Warrants and 327,868prepaid warrants (see Note 14).

In addition to the Contingent Legacy Shareholder Warrants discussed above, during the year ended December 31, 2024, the Company issued a total of 413,971equity classified warrants, including: 83,333warrants at $ 6.00per share in conjunction with July 2024 accounts receivable factoring agreement; 84,377Underwriter Warrants in conjunction with the Company’s initial public offering; and, 197,013warrants to purchase common stock, (of which, 60,563were to a related party) in connection with the issuance of Series A Preferred Stock. Upon the November 25, 2024 initial public offering at $ 4.00per share, the 197,013warrants at $ 5.00per share were recalculated and reissued as 246,267warrants at $ 4.00per share (and the 60,563related party warrants at $ 5.00per share were recal