Company: IPST
Filing Date: 2025-06-23
Form Type: 424B3
Source: 0001641172-25-015954
Chunk: 271

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-06-23
Form: 424B3
Chunk 271
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2,020,139 |
| Legacy Warrants               |     |                              |  3,439,953 |     |      |         — |
| Preferred Stock (Series A)    |     |                              |  1,663,281 |     |      |         — |
| Preferred Stock (Series B)    |     |                              |  3,929,289 |     |      |         — |
| RSU Awards                    |     |                              |    245,439 |     |      |   116,581 |
| Total                         |     |                              | 10,725,485 |     |      | 2,259,812 |

NOTE 14 — SUBSEQUENT EVENTS

For its condensed consolidated financial statements as of March 31, 2025 and for the period then ended, the Company evaluated subsequent events through the date on which those condensed consolidated financial statements were issued. Other than the items noted below and in Note 10, there were no subsequent events identified for disclosure as of the date the condensed consolidated financial statements were available to be issued.

ELOC Agreement— Subsequent to March 31, 2025, an aggregate of 1,187,453shares of common stock had been sold to the investor under the ELOC Purchase Agreement for aggregate gross proceeds to the Company of $645,074.

Preferred Stock — Series A— and Related Warrants— In consideration of purchases of Series B Preferred Stock by certain Series A Preferred Stock holders subsequent to March 31, 2025, on May 1, 2025, an aggregate of 284,140 outstanding shares of Series A Preferred Stock and 116,263 warrants to purchase shares of common stock at $4.00 per share (of which 183,122 shares of Series A Preferred Stock and 75,702 related warrants to purchase common stock at $4.00 per share were of a related party) was exchanged for Series B Preferred Stock, See Preferred Stock - Series B below.

Preferred Stock — Series B— Subsequent to March 31, 2025, the Company received subscriptions for an additional $5,741,567(574,156shares) of Series B Preferred Stock, of which: $4,092,567or 409,256shares was from the exchange of Series A Preferred Stock and related warrants for Series B Preferred Stock (of which $2,640,437or 264,043shares was from a related party); $392,000or 39,200