Company: IPST
Filing Date: 2025-12-23
Form Type: 424B3
Source: 0001213900-25-125341
Chunk: 364

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-23
Form: 424B3
Chunk 364
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 plus a 15% simple annual interest rate of 1.25% per month from the date the related party purchased the barrels from the Company. The Company also agreed to store the barrels for the related party at no fee until the related party sells the barrels to either the Company or a third party. On November 22, 2024 (prior to the Company’s initial public offering on November 25, 2024), the related party exchanged 12,500shares of common stock for 12,500 prepaid warrants to purchase common stock. In the nine months ended September 30, 2025, the related party exercised 116,067 prepaid warrants (with an exercise price of $0.20 each) cashlessly for 115,872shares of common stock, leaving 0 prepaid warrants outstanding as of September 30, 2025. F-48 Heritage Distilling Holding Company, Inc.
Notes to Condensed Consolidated Financial Statements
(unaudited) NOTE 13 — RELATED-PARTY TRANSACTIONS (cont.) Related Party Contingent Legacy Shareholder Warrants(See also Note 8) — On October 30, 2024, the Company issued warrants to purchase common stock that became contingently exercisable upon the closing of an initial public offering (which occurred on November 25, 2024), at the price per share of the Company’s initial public offering (or $80 per share) to its common shareholders of record as of May 31, 2023 (the “Contingent Legacy Shareholder Warrants”), that will be exercisable, if at all, provided/contingent upon: the warrant holder continuously holds the shares such holder owned on May 31, 2023 through the date the warrant is exercised; and the common stock attains a specified volume weighted average price per share (“VWAP”) over a 10 - trading-dayperiod (the “10 - Trading-DayVWAP”) before expiring: •Tranche 1 — for up to 38,124shares of common stock (of which up to 6,417 were to a related party) when the 10 - Trading-DayVWAP of the common stock reaches 200% of the $80 per share initial public offering price (or $160 per share), and that will expire on the 24 -monthanniversary of the Company’s initial public offering (the “$160 Contingent Legacy Shareholder Warrants”); •Tranche 2 — for