Company: IPST
Filing Date: 2025-12-12
Form Type: S-1/A
Source: 0001213900-25-121277
Chunk: 463

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-12
Form: S-1/A
Chunk 463
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 (the “Pre -FundedWarrants”) to purchase an aggregate of 18,518,922 shares of common stock at a purchase price of $12.084 per Pre -FundedWarrant, for an aggregate purchase price of $223.8 million. Of the total $223.8 million purchase price for the Pre -FundedWarrants, $35.5 million was paid in cash, $59.5 million was paid in the cryptocurrency stablecoin commonly referred to as USDC, based on a purchase price of $1.00 per USDC, and $128.8 million was paid in $IP Tokens, which were valued for purposes of such offering at (i) $5.2413 (representing a 20% discount from the closing price of $IP Tokens on August 8, 2025 as reported by CoinMarketCap.com) in the case of the Story Core Contributors (as defined in the subscription agreements for the offering), (ii) $3.40 (representing an approximately 48% discount from the closing price of $IP Tokens on August 8, 2025 as reported by CoinMarketCap.com) in the case of Story Foundation, or (iii) $6.5516 (the reported closing price of $IP Tokens on August 8, 2025 as reported by CoinMarketCap.com) in the case of all other purchasers. In conjunction with, and contingent upon, such private placement, 629,873shares of Series B Preferred Stock were exchanged for 44,739 shares of common stock and warrants to purchase 850,110 shares of common stock with an exercise price of $0.20 per share. In anticipation of the offering of Pre -FundedWarrants, between June19, 2025 and August10, 2025, we entered into advisory and implementation agreements (the “Advisory Agreements”) with certain advisors to our company (collectively, the “Advisors”), pursuant to which the Advisors will provide to us certain consulting, strategy and business development services related to our establishment of a treasury function in certain non -securitycryptocurrencies, including $IP Tokens. Pursuant to the Advisory Agreements, in consideration for the advisory services of the Advisors, we issued to certain Advisors an aggregate of 323,854 shares of common stock, we issued to one Advisor restricted stock units to acquire 125,000 shares of common stock subject to vesting and we issued to the Advisors warrants to purchase up to an aggregate