Company: IPST
Filing Date: 2025-12-12
Form Type: S-1/A
Source: 0001213900-25-121277
Chunk: 163

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-12
Form: S-1/A
Chunk 163
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 $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 (“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. See “Issuance of Securities to Selling Stockholders — Private Placement of Pre -FundedWarrants” for additional information. In connection with the closing of our offering of Pre -FundedWarrants, we entered into exchange agreements with all but two holders of our Series B Preferred Stock pursuant to which we exchanged 629,873shares of Series B Preferred Stock that were convertible into 894,866 shares of common stock for (i) 44,739 shares of common stock; (ii) warrants with an exercise price of $0.20 per share that are exercisable to purchase an aggregate of 447,427 shares of common stock at the earlier of (a) the date on which our common stock closes at $30.00 per share or higher

97 during a regular trading day or (b) on the three -monthanniversary of the warrant issuance date; and (iii) warrants with an exercise price of $0.20 per share that are exercisable to purchase an aggregate of 402,683 shares of common stock at the earlier of (a) the date on which our common stock closes at $40.00 per share or higher during a regular trading day or (b) on the six -monthanniversary of the warrant issuance date. The exchange of Series B Preferred Stock for common stock and warrants had no net impact to total stockholders’ equity/(