Company: IPST
Filing Date: 2025-06-23
Form Type: 424B3
Source: 0001641172-25-015954
Chunk: 85

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-06-23
Form: 424B3
Chunk 85
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, 2025, adjusted to include the              
 issuance of the number of ELOC Shares set forth in the adjacent column (net of 1,187,453 shares of common stock issued to date     
 under the ELOC Purchase Agreement) that we would have issued to the Investor based on the applicable assumed purchase price per    
 share for a total of 25,862,933 shares.                                                                                            |
| (3) | Represents                                                                                                                         
 the average VWAP of our common stock on January 22, 2025, as reported by Nasdaq, of $1.16 per share, less a 5% discount.           |
| (4) | Represents                                                                                                                         
 the minimum price for which the average price paid for all shares of common stock issued under the ELOC Purchase Agreement must be 
 in order for the sales to be considered “at market” under applicable stock exchange rules and therefore not subject to             
 the 19.99% issuance limit.                                                                                                         |

Purchase and Sale of Series B Preferred Stock

Pursuant to the ELOC Purchase Agreement, we sold to the Investor for an aggregate purchase price of $1,000,000 for an aggregate of 100,000 shares of our Series B Preferred Stock, of which $500,000, or 50,000 shares, were sold on January 23, 2025 in connection with the execution of the ELOC Purchase Agreement and $500,000, or 50,000 shares, were sold on February 4, 2025. following the initial effective date of the registration statement, of which this prospectus forms a part. Each such share of Series B Preferred Stock has a purchase price of $10.00 per share and a stated value of $12.00 per share, will pay dividends at the rate of 15% per annum of the stated value (or $1.80 per share), and will be convertible by the Investor at any time following the 180th day following the date of the ELOC Purchase Agreement (July 23, 2025) into a number of shares of common stock determined by dividing (a) an amount equal to 110% of the sum of (i) the stated value plus (ii) the amount of all accrued and unpaid dividends, by (b) the then-applicable conversion price, provided that we and the Investor have entered into a letter agreement dated January 23, 2025 under which the Investor has agreed that it will not convert shares of Series B Preferred Stock for a