Company: IPST
Filing Date: 2025-05-07
Form Type: POS AM
Source: 0001641172-25-009076
Chunk: 80

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-05-07
Form: POS AM
Chunk 80
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 for the ELOC Shares that we may elect to sell to the Investor under the ELOC Purchase Agreement, if any, will fluctuate based on the market prices of our shares at the time we elect to sell the ELOC Shares to the Investor pursuant to the ELOC Purchase Agreement, if any, it is not possible for us to predict, as of the date of this prospectus and prior to any such sales, the number of ELOC Shares that we will sell to the Investor under the ELOC Purchase Agreement, the purchase price per share that the Investor will pay for ELOC Shares purchased from us under the ELOC Purchase Agreement, or the aggregate gross proceeds that we will receive from those purchases by the Investor under the ELOC Purchase Agreement.

The ELOC Purchase Agreement provides that, subject to certain terms and conditions, we may, in our discretion, from time to time after the date of this prospectus and during the term of the ELOC Purchase Agreement, direct the Investor to purchase the ELOC Shares from us in one or more purchases under the ELOC Purchase Agreement, for a maximum aggregate gross purchase price of up to $15,000,000 of the ELOC Shares. A maximum of 5,000,000 ELOC Shares have been registered for resale under the registration statement that includes this prospectus, of which 580,014 shares have been sold by the Investor since the consummation of the ELOC Agreement, leaving 4,419,986 shares remaining that can be sold by the Investor. However, because the market prices of the ELOC Shares may fluctuate from time to time after the date of this prospectus, the actual purchase prices to be paid by the Investor for the ELOC Shares that we direct it to purchase under the ELOC Purchase Agreement, if any, also may fluctuate significantly based on the market price of the ELOC Shares.

We have registered 5,000,000 shares of our common stock for resale by the Investor under this prospectus, of which 580,014 shares have already been sold since the consummation of the ELOC Agreement, leaving 4,419,986 shares that may be offered and sold by the Investor pursuant to this prospectus. As of May 2, 2025, there were 7,512,652 shares of common stock outstanding. If all of the remaining 4,419,986 shares of our common stock may still be offered for resale by the Investor under this prospectus were issued and outstanding as of May 2,