Company: IPST
Filing Date: 2025-10-16
Form Type: S-1/A
Source: 0001213900-25-099309
Chunk: 326

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-10-16
Form: S-1/A
Chunk 326
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 prepaid warrants and common warrants as of June 30, 2025:

|                                                               |     |    Prepaid 
   Warrants |   |     |   Common 
 Warrants |   |
| Balance December 31, 2024                                     |     |  3,871,992 |   |     |  382,205 |   |
| Exercise of Warrants in Exchange for Common Stock             |     | (3,071,992 | ) |     | (112,144 | ) |
| Exercise of Warrants in Exchange for Series B Preferred Stock |     | (1,027,868 | ) |     |        — |   |
| Warrants Issued with Series B Preferred Stock                 |     |    327,868 |   |     |        — |   |
| Balance June 30, 2025                                         |     |    100,000 |   |     |  270,061 |   |

Upon the closing of the Company’s initial public offering on November 25, 2024, the conditional issuances of prepaid warrants and common stock noted in the table above became effective.

In addition to the prepaid warrants and common warrants in the table above: warrants to purchase common stock at $ per share were issued in connection with the initial aggregate $ of non-ELOC Investor Series B Preferred Stock subscriptions (see Preferred Stock — Series B below).

In the six months ended June 30, 2025, prepaid warrants (with an exercise price of $ each) were exercised cashlessly for shares of common stock (including related party cashlessly exercised prepaid warrants for shares of common stock) leaving prepaid warrants remaining outstanding. In addition, prepaid warrants (with an exercise price of $ each) were exercised cashlessly for shares of Series B Preferred Stock

Subsequent to June 30, 2025, common warrants were exercised (including by a related party) leaving common warrants outstanding (including common warrants outstanding of the related party).

Preferred stock — Series A — In May 2024 through September 2024, the Company sold $ of Series A Convertible Preferred Stock The shares of Series A Convertible Preferred Stock, par value $ per share (the “Series A Preferred Stock”) had a subscription price of $ per share and a stated value of $ per share (the “Stated Value”), and included stock purchase warrants to purchase shares of common stock calculated at % of the subscription price then divided by $, with an exercise price equal to the lesser of $ per share or the price