Company: IPST
Filing Date: 2025-08-11
Form Type: 8-K
Source: 0001641172-25-022916
Chunk: 1

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-08-11
Form: 8-K
Item: Item 1.01
Chunk 1
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The
Subscription Agreements

The
Subscription Agreements contain representations and warranties of the Company and the Investors, which are typical for transactions of
this type. The Subscription Agreements also obligate the Company to indemnify the Investors and various related parties for certain losses
including those resulting from (i) any misrepresentation or breach of any representation or warranty made by the Company, (ii) any breach
of any obligation of the Company, and (iii) certain claims by third parties. In addition, the Subscription Agreements contain customary
covenants on the Company’s part that are typical for transactions of this type, as well as the following additional covenants:

  (i)      the                                                                                              

  (ii)      the                                                                                    

  (iii)      the                                                                                                                                    
             Company agreed to use its commercially reasonable efforts to hold a special stockholder meeting (the “ Special Meeting ”)              
             no later than September 30, 2025 (or October 20, 2025 if the Securities and Exchange Commission (the “ SEC ”)                          
             conducts a review of the preliminary proxy statement filed by the Company in connection with such stockholder meeting), at which the   
             Company would solicit its stockholders’ affirmative vote for, among other matters, approval of its issuance of the Securities (as      
             defined in the Subscription Agreement), the Advisory Warrants (as defined below), the Advisory Warrant Shares (as defined below) and   
             other securities issued or issuable to advisors of the Company in accordance with the applicable law and the rules and regulations of  
             Nasdaq and approval of the increase in the share reserve under the Incentive Plan; and                                                 
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

  (iv)      the                                                                                                

Registration
Rights Agreement

In
connection with the Offering, on August 11, 2025, the Company and the Investors entered into a Registration Rights Agreement (the
“ Registration Rights Agreement Registration Statement Filing Deadline

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In
the Registration Rights Agreement, the Company has granted to the Investors, and the Investors have granted to the Company, customary
indemnification rights.

Advisory
Warrants and Restricted Stock Units

In
anticipation of the Offering, between June 19, 2025 and August 10, 2025, the Company entered into advisory and implementation agreements
(the “ Advisory Ag