Company: IPST
Filing Date: 2025-12-12
Form Type: S-1/A
Source: 0001213900-25-121277
Chunk: 286

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-12
Form: S-1/A
Chunk 286
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 Tokens for long term investment purposes. Initial Public Offering— On November 25, 2024, the Company closed an initial public offering (“IPO”) of 84,375shares of common stock at $ 80per share. Concurrently, the Company also closed a private offering of 19,110common warrants to purchase shares of common stock with an exercise price of $ 0.20per share at $ 79.80per warrant. (See Note 8.) Rebranding and Change in Ticker Symbol —In September 2025, the Company rebranded as “IP Strategy”, reflecting its evolution into a public -marketvehicle focused on the accumulation of $IP Tokens. In connection with the rebranding, the Company’s Nasdaq ticker symbol was changed from “CASK” to “IPST” and the Company commenced trading under the new symbol at the market open on September 22, 2025. Registration of Common Stock— On January 24, 2025, the Company filed a Form S -1Registration Statement under the Securities Act of 1933 to register the resale of up to a maximum of 250,000shares of common stock and 3,358shares of common stock issuable upon the exercise of the Commitment Warrants (as defined below) of the up to $ 15,000,000aggregate gross purchase price of shares of common stock (the “ELOC Shares”) that have been or may be issued by us to the investor (the “ELOC Investor”) pursuant to the Securities Purchase Agreement, dated as of January 23, 2025, between the Company and the ELOC Investor (the “ELOC Purchase Agreement”), establishing a committed equity facility (the “Facility” or “Equity Line of Credit”). The 3,358shares of common stock issuable to the Investor upon the exercise of a stock purchase warrants with an exercise price of $ 0.02per share (the “Commitment Warrants”) were issued pursuant to the ELOC Purchase Agreement that the Company and the ELOC Investor entered into in a letter agreement dated January 23, 2025 under which the Investor shall not be allowed to exercise the Commitment Warrants for a number of shares of common stock that would give it and its affiliates beneficial ownership of an amount of common stock greater than 1% of the total outstanding common stock after giving effect to such conversion. In February 2025, the ELOC Investor exercised the Commitment Warrants for $