Company: IPST
Filing Date: 2025-12-19
Form Type: S-1/A
Source: 0001213900-25-123872
Chunk: 473

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-19
Form: S-1/A
Chunk 473
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 of the Advisors, we issued to certain Advisors an aggregate of 323,854shares of common stock, we issued to one Advisor restricted stock units to acquire 125,000shares of common stock subject to vesting and we issued to the Advisors warrants to purchase up to an aggregate of 875,000shares of common stock for a purchase price of $0.20 per share, with each warrant subject to vesting, forfeiture and such other terms as are set forth therein. On August18, 2025, we paid in full the approximately $12.6million of principal and approximately $1.0million of accrued interest and fees payable on a secured loan by the payment of approximately $7.0million of the net proceeds of the sale of the Pre -FundedWarrants and the issuance of a warrant with an exercise price of $0.20 per share for the purchase of 200,000shares of common stock, which warrant was subsequently exercised on a cashless basis for the purchase of 198,000shares of common stock. Between July30, 2025 and August10, 2025, we settled approximately $2.8million of trade payables by the payment of approximately $1.4million in cash and the issuance of warrants with an exercise price of $0.20 per share that are exercisable to purchase an aggregate of 53,890shares of common stock. On August10, 2025, we settled a trade payable in the amount of $1.0million by the payment of $450,000 in cash and the issuance of a warrant with an exercise price of $2.40 per share that is exercisable to purchase up to 22,500shares of common stock. The offers, sales and issuances of securities listed above were deemed exempt from registration under Section 4(a)(2) of the Securities Act or Regulation D promulgated thereunder in that the issuance of securities did not involve a public offering. The recipients of such securities in each of these transactions represented their II-4 intention to acquire the securities for investment purposes only and not with a view to or for sale in connection with any distribution thereof. The offers, sales and issuances of securities listed above, were deemed exempt from registration in reliance on Section 4(a)(2) of the Securities Act or Rule 701 promulgated thereunder as transactions pursuant to benefit plans and contracts relating to compensation as provided under Rule 701. The recipients of such securities were our employees, directors or bona fide