Company: IPST
Filing Date: 2025-10-16
Form Type: S-1/A
Source: 0001213900-25-099309
Chunk: 323

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-10-16
Form: S-1/A
Chunk 323
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 percent ( 7%) of the total trading volume on the day such Commitment Shares are sold. Such warrants were issued to the Investor as consideration for its entry into the ELOC Purchase Agreement. In February 2025, the Company issued 67,162Commitment Warrants to the ELOC Investor. In February 2025, the Investor exercised the Commitment Warrants for $ 67. On June 13, 2025, the Company filed a Form S -1Registration Statement under the Securities Act of 1933 to register up to a maximum of an additional 10,000,000ELOC Shares (the “June 2025 ELOC Registration Statement”), for an aggregate of 15,000,000ELOC Shares available under the ELOC Purchase Agreement, which was approved by the shareholders on June 24, 2025. Pursuant to the ELOC Purchase Agreement, the Investor also agreed to purchase $ 1,000,000of the Company’s Series B Preferred Stock, of which $ 500,000will be purchased, and the Company will deliver such Series B Preferred Shares, within twenty four (24) hours after the ELOC Registration Statement is filed F-25 Heritage Distilling Holding Company, Inc.
Notes to Condensed Consolidated Financial Statements
(unaudited) NOTE 7 — STOCKHOLDERS’ EQUITY/(DEFICIT) (cont.) with the SEC. The second tranche of $ 500,000will be purchased, and the Company will deliver such Series B Preferred shares, within threetrading days following the date the ELOC Registration Statement is declared effective by the SEC. Each share of Series B Preferred Stock will have a purchase price of $ 10.00per share and a stated value of $ 12.00per share, will pay dividends at the rate of 15% per annum of the stated value (or $ 1.80per share), and will be convertible by the holder at any time following the 90 thday following the date of effectiveness of the ELOC Registration Statement. The conversion of Series B Preferred Stock into common stock shall be determined by dividing (a) an amount equal to 110% of the sum of (i) the stated value plus (ii) the amount of all accrued and unpaid dividends, by (b) the Conversion Price. The Conversion Price shall be the fixed price equaling the Volume Weighted Average Price on the trading day preceding the date the documents required for the offering are executed. The