Company: IPST
Filing Date: 2025-10-16
Form Type: S-1/A
Source: 0001213900-25-099309
Chunk: 445

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-10-16
Form: S-1/A
Chunk 445
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.00Warrants discussed above and in Note 9 (including 321,026$ 6.00Warrants from the related party) were exchanged for 93,789shares of Series A Preferred Stock that did not include any related warrants (including 59,001shares of Series A Preferred Stock that did not include any related warrants for a related party). The value assigned to the $ 6.00Warrants exchanged for Series A preferred Stock that did not include any warrants was negotiated to be $ 937,959(including $ 590,045from a related party), or $ 1.838per $ 6.00Warrant, using a Black -ScholesValuation model with an estimated IPO stock price of $ 5.00per share and exercise price of $ 6.00per share. In September 2024, the Company purchased 50barrels of premium aged whiskey from the related party for $ 110,600, or $ 2,212per barrel (comprised of $ 495per barrel and $ 1,717of spirits, for an aggregate total of $ 24,750to fixed assets and $ 85,850to inventory). The $ 110,600was paid by the Company in the form of 11,060shares of Series A Preferred Stock and 5,530related warrants to purchase common stock at the lesser of $ 5.00per share or the price per shares at which the Company’s common stock is sold in the Company’s initial public offering. Upon the November 25, 2024 initial public offering at $ 4.00per share, the 5,530warrants at $ 5.00per share were recalculated and reissued as 6,913warrants at $ 4.00per share. F-98 Heritage Distilling Holding Company, Inc.
Notes to Consolidated Financial Statements NOTE 15 — RELATED-PARTY TRANSACTIONS (cont.) In October 2024, the Company sold 250barrels of aged whiskey to the related party for $ 166,667. Under the terms of the sale, in the event the related party resells the barrels back to the Company, the resell prices shall be the price paid per barrel under the agreement plus a 15% simple annual interest rate of 1.25% per month from the date the related party purchased the barrels from the Company. The Company also agreed to store the barrels for the related party at no fee