Company: IPST
Filing Date: 2025-08-26
Form Type: S-1
Source: 0001213900-25-080839
Chunk: 389

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-08-26
Form: S-1
Chunk 389
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,148shares of common stock related to the conversion of the 2022 and 2023 Convertible Notes (comprised of 3,819,542shares of common stock, net of: 507,394; and subsequently, 1,420,406shares of common stock exchanged for prepaid warrants); and the 2,399,090shares of common stock related to the conversion of the Whiskey Special Operation Convertible Notes (comprised of 2,946,015shares of common stock, net of: 546,927; F-80

Heritage Distilling Holding Company, Inc.
Notes to Consolidated Financial Statements NOTE 9 — STOCKHOLDERS’ EQUITY / (DEFICIT) (cont.) and subsequently, 1,422,265shares of common stock exchanged for prepaid warrants). During the year ended December 31, 2024, the Company repurchased 21shares of common stock and 317,853 warrants to purchase common stock were exercised. In the second quarter of 2024, the Company’s Board of Directors and shareholders took certain actions and approved amendments to the Company’s amended and restated certificate of incorporation in preparation for the Company’s initial public offering (which occurred on November 25, 2024) (the “Actions and Amendments”). These Actions and Amendments, included, among other things: •filing a second amendment to the Company’s amended and restated certificate of incorporation on April1, 2024, to increase the Company’s authorized capital stock from 10,000,000shares to 70,000,000shares, including 69,500,000shares of common stock and 500,000shares of Founders Common Stock. The increase in authorized shares included provision for the additional shares to be issued with the Company’s anticipated IPO, including those discussed in the following paragraphs, and other future equity activities not yet known. •filing a third amendment to the Company’s amended and restated certificate of incorporation on May14, 2024, to further increase the Company’s authorized capital stock to 75,000,000shares, including 5,000,000shares of preferred stock. Prepaid Warrants to Purchase Common Stock— In August 2024, certain holders of shares of common stock agreed to exchange an aggregate of 2,816,291shares of their common stock into a like number of pre -paidwarrants. Such pre -paidwarrants will be eligible for exercise without the payment of additional consideration