Company: IPST
Filing Date: 2025-08-15
Form Type: 424B3
Source: 0001641172-25-024441
Chunk: 71

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-08-15
Form: 424B3
Chunk 71
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) to its common shareholders of record as of May 31, 2023 (the “Contingent Legacy Shareholder Warrants”), that will be exercisable, if at all, provided / contingent upon: the warrant holder continuously holds the shares such holder owned on May 31, 2023 through the date the warrant is exercised; and the common stock attains a specified volume weighted average price per share (“VWAP”) over a 10-trading-day period (the “10-Trading-Day VWAP”) before expiring:

| ● | Tranche                                                                                                                                 
 1 - for up to 762,488 shares of common stock (of which up to 128,358 were to a related party) when the 10-Trading-Day VWAP of the       
 common stock reaches 200% of the $4.00 per share initial public offering price (or $8 per share), and that will expire on the 24-month  
 anniversary of the Company’s initial public offering (the “$8 Contingent Legacy Shareholder Warrants”);                                 |
| ● | Tranche                                                                                                                                 
 2 - for up to 1,524,976 shares of common stock (of which up to 256,716 were to a related party) when the 10-Trading-Day VWAP of the     
 common stock reaches 300% of the $4.00 per share initial public offering price (or $12 per share), and that will expire on the 42-month 
 anniversary of the Company’s initial public offering (the “$12 Contingent Legacy Shareholder Warrants”); and,                           |
| ● | Tranche                                                                                                                                 
 3 - for up to 1,906,220 shares of common stock (of which up to 320,895 were to a related party) when the 10-Trading-Day VWAP of the     
 common stock reaches 500% of the $4.00 per share initial public offering price (or $20 per share), and that will expire on the 60-month 
 anniversary of the Company’s initial public offering (the “$20 Contingent Legacy Shareholder Warrants”).                                |

As of June 30, 2025, there were outstanding and exercisable: 625,446 $8 Contingent Legacy Shareholder Warrants; 1,250,892 $12 Contingent Legacy Shareholder Warrants; and 1,563,615 $20 Contingent Legacy Shareholder Warrants, (of which 0;