Company: IPST
Filing Date: 2025-12-23
Form Type: 424B3
Source: 0001213900-25-125341
Chunk: 344

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-23
Form: 424B3
Chunk 344
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 Preferred Stock; 210,700shares of Series A Preferred Stock; and, 6,499 warrants to purchase common stock at $80 per share related to the Series A Preferred Stock, As of September 30, 2025, the Company had received subscriptions for $7,568,540 (756,854shares) of Series B Preferred Stock (of which $2,995,437 was from a related party) which included: $4,092,560 or 409,256shares from the exchange of Series A Preferred Stock and related warrants at a negotiated aggregate value (of which $2,640,437 or 264,043shares was from a related party); $392,000 or 39,200shares was from the exchange of 35,000 prepaid warrants at a VWAP of $11.20 per prepaid warrant; $167,180 or 16,717shares was from the exchange of 16,393 prepaid warrants at a VWAP of $10.20 per prepaid warrant; $1,150,000 or 115,000shares was from the ELOC Investor, of which $499,991 was purchased in January 2025 in conjunction with the execution and registration of the ELOC Purchase Agreement; and $1,766,810 or 176,681shares was from other investors (of which $355,000 or 35,500shares was from a related party, of which, one other investor subscription of $100,000 or 10,000shares included a negotiated 16,393 prepaid warrants to purchase common stock at $0.02 per share). F-38

Heritage Distilling Holding Company, Inc.
Notes to Condensed Consolidated Financial Statements
(unaudited) NOTE 8 — STOCKHOLDERS’ EQUITY / (DEFICIT) (cont.) In conjunction with, the closing of the August 15, 2025 PIPE Offering discussed in Note 7, 741,854shares of Series B Preferred Stock that would have been eligible to be converted into 894,866shares of common stock were exchanged for: 213,409shares of common stock; 447,433 prepaid warrants with an exercise price of $0.20 per share that are exercisable for common stock at the earlier of (i) when the common stock closes at $30 per share or higher during a regular trading day or (ii) on the 3month anniversary of the warrant issuance date; and, 402,690 prepaid warrants with an exercise