Company: IPST
Filing Date: 2025-05-12
Form Type: 424B3
Source: 0001641172-25-009684
Chunk: 189

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-05-12
Form: 424B3
Chunk 189
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, 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 1,563,615 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.                                                      |
| ● | Warrants                                                                                                                               
 to purchase up to 119,207 shares of common stock with an exercise price equal to $0.01 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 February 21, 2030.                                                                                                       |

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 6,011 shares of our common stock with a weighted-average exercise price of $157.89 per share that expire between June 2025 and November 2026, all of which were issued under the 2019 Plan.

Restricted Stock Units

As of the date of this prospect