Company: IPST
Filing Date: 2025-08-26
Form Type: S-1
Source: 0001213900-25-080839
Chunk: 270

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-08-26
Form: S-1
Chunk 270
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 or Series B Preferred Stock that would make the use of those securities instruments no longer necessary. The Company is evaluating different term sheets to evaluate the best path forward. Subsequent to June 30, 2025, on August 11, 2025, the Company entered into subscription agreements with certain institutional and accredited investors (collectively the “Investors”) for a private placement of an aggregate of 183,478,891shares (the “Shares”) of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), and pre -fundedwarrants (the “Pre -FundedWarrants”) to acquire in the aggregate up to 186,900,000shares of Common Stock. The purchase price for the Shares was $0.6043 per share (the “Share Price”) and the purchase price for the Pre -FundedWarrants was equal to the Share Price less $0.0001, or $0.6042 per Pre -FundedWarrant. In connection with the announcement of the Offering, the Company announced the launch of its digital asset treasury reserve strategy, effective upon the closing of the Offering, pursuant to which the Company plans to use $IP Tokens as its primary treasury reserve asset on an ongoing basis. The is no assurance that the Company will be able to close on this transaction, or that if it does close the transaction, that it will be with substantially the same terms as described herein. If the transaction closes, the Company will disclose the final details in a related 8 -Kfiling. F-9 Heritage Distilling Holding Company, Inc.
Notes to Condensed Consolidated Financial Statements
(unaudited) NOTE 1 — DESCRIPTION OF OPERATIONS AND BASIS OF PRESENTATION (cont.) The accompanying condensed consolidated financial statements have been prepared assuming the Company will continue to operate as a going concern, which contemplates the realization of assets and settlement of liabilities in the normal course of business and do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classifications of liabilities that may result from uncertainty related to its ability to continue as a going concern. Risks and Un certainties Global Confli ct, International Relations and Market Reactions Management continues to monitor the changing landscape of global conflicts, international relations and related market responses, and their potential impacts on its business. The most recent of these concerns are the announcements of tariffs by the United States on imports from several countries around the world, and the corresponding