Company: IPST
Filing Date: 2025-12-19
Form Type: S-1/A
Source: 0001213900-25-123872
Chunk: 327

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-19
Form: S-1/A
Chunk 327
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 the closing price of the common stock equals or exceeds $ 30per share, which were valued based on a Black Scholes valuation (the “Settlement Equity”). The result of the Negotiated Settlements with the secured and unsecured creditors was: a) $ 10,382,438of the Company’s secured notes payable as of June 30, 2025 ($ 12,620,345as of August 7, 2025, including settlement fees and expenses and additional accrued interest) negotiated to be settled for $ 7,046,094in cash and $ 2,963,624of warrants with the remaining $ 2,610,627recognized as a gain on settlement in the (third quarter) statement of operations; and, b) an aggregate of $ 3,792,767of Settlement Equity (in the form of 200,000warrants) with the remaining $ 2,635,507to be recognized as a gain on settlement in the statement of operations; and, b) an aggregate of $ 3,792,767of the Company’s unsecured accounts payable as of June 30, 2025 was negotiated to be settled for $ 1,816,250in cash, $ 851,628in Settlement Equity (in the form of an aggregate of 76,391warrants) with the remaining $ 1,124,889(of which $ 282,037will be recorded to paid in capital on the balance sheet as it related to capitalized offering costs, and the remaining $ 842,852will be recorded on the statement of operations as a gain on settlement) to be recognized in the then current period (third quarter) in the respective expense accounts to which the expenses were originally recorded. F-28

Heritage Distilling Holding Company, Inc.
Notes to Condensed Consolidated Financial Statements
(unaudited) NOTE 7 — PRIVATE PLACEMENT OF COMMON STOCK (PRIVATE INVESTMENT IN PUBLIC EQUITY (“PIPE”) AND INTANGIBLE DIGITAL ASSETS (cont.)

In conjunction with the PIPE, the Company purchased $ million of $IP Tokens from Story Foundation at a price per $IP Token of $ (as discussed above) as follows:

•$ of $IP Tokens for $ in cash on August18, 2025 at a price per $IP Token of $ compared to the market price of $ per $IP Token; and,

•$ of $IP Tokens for $ in cash on August15, 2025 at a