Company: IPST
Filing Date: 2025-10-16
Form Type: S-1/A
Source: 0001213900-25-099309
Chunk: 20

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-10-16
Form: S-1/A
Chunk 20
---
 in our securities involves significant risks. Before making a decision whether to invest in our securities, please read the information under the heading “Risk Factors” in this prospectus and under similar headings in other documents filed after the date hereof that supplement this prospectus. See “Where You Can Find More Information.”                                                                                                                                                                                                                                 |

Shares of our common stock to be outstanding upon completion of this offering are based on 183,483,092 shares of our common stock outstanding as of October 13, 2025, assumes the issuance of the shares of common stock to be sold by the Selling Stockholders hereunder upon the exercise of warrants and the vesting and settlement of restricted stock units held by the Selling Stockholders, and excludes: •Up to 991,667shares of common stock issuable upon the exercise of warrants with an exercise price of $6.00 per share that are exercisable at any time unless such exercise would cause the holder to beneficially own more than 4.99% of our outstanding shares of common stock and that expire between August 2028 and August 2029;

9 •2,413shares of common stock issuable upon the exercise of outstanding stock options issued under our 2019 Equity Incentive Plan with an exercise price of $157.89 per share that expire between December 2025 and September 2026; •Up to 625,446shares of common stock issuable upon the exercise of warrants that will be exercisable, if at all, when the volume weighted average price per share (“VWAP”) of our common stock over a 10 -trading-dayperiod reaches $8.00 per share, provided the warrant holder continuously holds the shares such holder owned on May31, 2023 through the date the warrant is exercised, and that will expire on November25, 2026; •Up to 1,250,892shares of common stock issuable upon the exercise of warrants that will be exercisable, if at all, when the VWAP of our common stock over a 10 -trading-dayperiod reaches $12.00 per share, provided the warrant holder continuously holds the shares such holder owned on May31, 2023 through the date the warrant is exercised, and that will expire on May25, 2027; •Up to 1,563,615shares of common stock issuable upon the exercise of warrants that will be exercisable, if at all, when the VWAP of our common stock over a 10 -tr