Company: IPST
Filing Date: 2025-10-16
Form Type: S-1/A
Source: 0001213900-25-099309
Chunk: 315

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-10-16
Form: S-1/A
Chunk 315
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 27,700shares of Series A Preferred Stock, including 12,500warrants to purchase shares of common stock at the lesser of $ 5.00per share or the price per share at which the common stock is sold in the Company’s initial public offering. Upon the November 25, 2024 initial public offering at $ 4.00per share, the 12,500warrants at $ 5.00per share were recalculated and reissued as 15,625warrants at $ 4.00per share. As of June 30, 2025, the principal repayments of the Company’s debt measured on an amortized basis of $ 13,081,016will be due within five years from the issuance of these condensed consolidated financial statements. The outstanding principal repayments due within the next 12 months of $ 3,989,991and 3,758,595, respectively, net of debt issuance costs of $ 70,574and 140,082, respectively, was classified as a current liability on the Company’s F-21

Heritage Distilling Holding Company, Inc.
Notes to Condensed Consolidated Financial Statements
(unaudited) NOTE 5 — BORROWINGS (cont.)

consolidated balance sheet as of June 30, 2025 and December 31, 2024. The outstanding principal repayments due after the next 12 months of $, net of debt issuance cost of $, was classified as a long-term liability on the Company’s consolidated balance sheet as of June 30, 2025.

The following table represents principal repayments from 2025 and the years through 2029 and thereafter:

| Years Ending 
 2025         
 2026         
 2027         
 2028         
 2029         
 thereafter   |     | Amount |  3,544,917 
  9,230,229 
     66,789 
    239,081 
          — 
          — |
|:-------------|:----|:-------|-----------:|
|              |     | $      | 13,081,016 |

Liabilities for Deferred Revenue — During 2023, the Company entered into a distilled spirits barreling production agreement with a related party for production of barrels of distilled spirits over time. There was a prepayment of $ made to the Company in January 2023. In March 2024, the agreement was amended to barrels for $, with