Company: IPST
Filing Date: 2025-08-18
Form Type: PRE 14A
Source: 0001788230-25-000134
Chunk: 19

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-08-18
Form: PRE 14A
Chunk 19
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, among other things, file a resale registration statement (the “Registration Statement”) with the SEC to register for resale the Pre-Funded Warrant Shares issuable upon exercise of the Pre-Funded Warrants. We were permitted to include in the Registration Statement certain other outstanding shares of common stock and shares of common stock issuable upon the exercise of certain other outstanding warrants. We filed the Registration Statement with the SEC on August [____], 2025, and we have agreed to use our best efforts to cause the Registration Statement to be declared effective as promptly as possible, but in no event later than (a) 30 days (or 90 days if the Registration Statement is subject to a review by the SEC) after the date the Registration Statement was filed with the SEC, or (b) five business days after the date we

| Special Meeting Proxy Statement |     | 10 |     | Heritage Distilling Holding Company, Inc. |

Proposal One

receive written notification from the SEC that the Registration Statement will not be reviewed. We agreed to use our best efforts to maintain the effectiveness of the Registration Statement until such time as there are no Registrable Securities (as such term is defined in the Registration Rights Agreement) remaining.

Advisory Agreements

In anticipation of the Offering, between June 19, 2025 and August 10, 2025, we entered into advisory and implementation agreements (the “Advisory Agreements”) with Open World, Inc. and certain of its management and affiliates, S.Y. Lee, Founder and CEO of PIP Labs, original creator of Story, and certain other of our advisors (each an “Advisor” and collectively, the “Advisors”), pursuant to which the Advisors will provide certain consulting, strategy, and business development services to us related to our establishment of a treasury function in certain non-security cryptocurrencies, including $IP Tokens. Pursuant to the Advisory Agreements, if our stockholders approve Proposal Two (the Advisory Compensation Proposal), we (a) will issue to certain of the Advisors an aggregate of 6,416,168 shares of common stock and (b) issued to certain of the Advisors warrants to purchase up to an aggregate of 17,500,000 shares of common stock for a purchase price of $0.01 per share, consisting of: (i) warrants to purchase up to 3,875,000 shares of common stock that will vest on the earlier of three months following the issue date or the date on which the closing price of the common