Company: IPST
Filing Date: 2025-12-19
Form Type: S-1/A
Source: 0001213900-25-123872
Chunk: 328

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-19
Form: S-1/A
Chunk 328
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 price per $IP Token of $ compared to the market price of $ per $IP Token.

In conjunction with the Offering, the Company issued: RSUs on August 10, 2025 to an advisor, vesting in 4 equal installments of shares on October 1, 2025, January 1, 2026, April 1, 2026, and July 1, 2026; placement agent warrants in August 2025 to purchase shares of common stock at $ per share, expiring August 15, 2030, representing % of the number of pre-funded warrants issued in the Offering; and advisor warrants in August, 2025, to purchase common stock at $ per share that expire August 10, 2030 as follows:

•Tranche 1 — warrants vesting the earlier of when the closing price of the common stock equals or exceeds a price of $ per share or 3 months from the issue date of the warrant;

•Tranche 2 — warrants vesting the earlier of when the closing price of the common stock equals or exceeds a price of $ per share or 6 months from the issue date of the warrant;

•Tranche 3 — warrants vesting the earlier of when the closing price of the common stock equals or exceeds a price of $ per share or 6 months from the issue date of the warrant; and,

•Tranche 4 — warrants vesting monthly over 12 months from September18, 2025.

The Company still has the option, with input from the Story Foundation on timing and amount, on the use of the currently registered and effective ELOC to raise capital for debt reduction and other corporate purposes related to its business.

Intangible Digital Assets — On August 15, 2025, the Company adopted the $IP Token as its primary treasury reserve asset. Under this new treasury strategy, the Company purchases and holds $IP Tokens for long term investment purposes. The Company accounts for its $IP Tokens as an indefinite-lived intangible asset in accordance with ASC 350, Intangibles — Goodwill and Other and has ownership of and control over its $IP Tokens, which are included in intangible digital assets in the unaudited condensed consolidated balance sheets. As of September 30, 2025, there were contractual restrictions consisting of restrictions on sale or transfer and lock ups (“Contractual Restrictions”) on the Company’s sale of its $IP Tokens.

The following table summarizes the intangible digital assets ($IP Tokens)