Company: IPST
Filing Date: 2025-08-15
Form Type: 424B3
Source: 0001641172-25-024441
Chunk: 43

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-08-15
Form: 424B3
Chunk 43
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 Stock (See also Preferred Stock - Series B below); 327,868 prepaid warrants were issued in connection with the issuance of Series B Preferred Stock, and 3,071,992 prepaid warrants were exercised for common stock (including 2,321,342 from a related party), leaving 100,000 prepaid warrants outstanding (including 0 prepaid warrants outstanding of the related party). Subsequent to June 30, 2025, 100,000 prepaid warrants were exercised, leaving 0 prepaid warrants outstanding.

The following sets forth the outstanding prepaid warrants and common warrants as of June 30, 2025:

|                                                               |     | Prepaid Warrants |            |   |     | Common Warrants |          |   |
| Balance December 31, 2024                                     |     |                  |  3,871,992 |   |     |                 |  382,205 |   |
| Exercise of Warrants in Exchange for Common Stock             |     |                  | (3,071,992 | ) |     |                 | (112,144 | ) |
| Exercise of Warrants in Exchange for Series B Preferred Stock |     |                  | (1,027,868 | ) |     |                 |        — |   |
| Warrants Issued with Series B Preferred Stock                 |     |                  |    327,868 |   |     |                 |        — |   |
| Balance June 30, 2025                                         |     |                  |    100,000 |   |     |                 |  270,061 |   |

Upon the closing of the Company’s initial public offering on November 25, 2024, the conditional issuances of prepaid warrants and common stock noted in the table above became effective.

In addition to the prepaid warrants and common warrants in the table above: 119,207 warrants to purchase common stock at $0.01 per share were issued in connection with the initial aggregate $250,000 of non-ELOC Investor Series B Preferred Stock subscriptions (see Preferred Stock - Series B below).

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<div align='center'>Heritage Distilling Holding Company, Inc.

Notes to Condensed Consolidated Financial Statements

(unaudited)</div>

NOTE 7 — STOCKHOLDERS’ EQUITY / (DEFICIT)(cont.)

In the six months ended June 30, 2025, 3,071,992 prepaid warrants (with an exercise price of $0.001 each) were exercised cash