Company: IPST
Filing Date: 2025-01-27
Form Type: S-1
Source: 0001213900-25-006695
Chunk: 204

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-01-27
Form: S-1
Chunk 204
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uable upon the exercise of warrants that   
 will be exercisable, if at all, when the volume weighted average price per share (“VWAP”)      
 of our common stock over a 10-trading-day period reaches $8.00 per share, provided the warrant 
 holder continuously holds the shares such holder owned on May 31, 2023 through the date the    
 warrant is exercised, and that will expire on November 25, 2026;                               |

| ● | Warrants                                                                                     
 to purchase up to 1,451,216 shares of common stock issuable upon the exercise of warrants    
 that will be exercisable, if at all, when the VWAP of our common stock over a 10-trading-day 
 period reaches $12.00 per share, provided the warrant holder continuously holds the shares   
 such holder owned on May 31, 2023 through the date the warrant is exercised, and that will   
 expire on May 25, 2027;                                                                      |

| ● | Warrants                                                                                     
 to purchase up to 1,814,020 shares of common stock issuable upon the exercise of warrants    
 that will be exercisable, if at all, when the VWAP of our common stock over a 10-trading-day 
 period reaches $20.00 per share, provided the warrant holder continuously holds the shares   
 such holder owned on May 31, 2023 through the date the warrant is exercised, and that will   
 expire on November 25, 2029;                                                                 |

| ● | Warrants                                                                                      
 to purchase up to 246,261 shares of common stock with an exercise price equal to $4.00 per    
 share and are subject to mandatory cashless exercise after June 15, 2027 if the closing price 
 of our common stock for a period of five consecutive trading days equals or exceeds $5.00     
 per share. These warrants are exercisable at any time unless such exercise would cause the    
 holder to beneficially own more than 4.99% of our outstanding shares of common stock and      
 expire on June 15, 2029.                                                                      |

Pursuant to the terms of such warrants, except as otherwise noted above, the applicable exercise price of such warrants is subject to adjustment in the event of stock splits, combinations or the like of our common stock. Options As of the date of this prospectus, we have outstanding options to purchase an aggregate 6,164 shares of our common stock with a weighted-average exercise price of