Company: IPST
Filing Date: 2025-12-23
Form Type: 424B3
Source: 0001213900-25-125341
Chunk: 456

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-23
Form: 424B3
Chunk 456
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,393 warrants were issued with an exercise price of $0.02 per share. (See Note 9.) The Series B Preferred Stock has a liquidation preference equal to the greater of (i) 110% of the sum of (a) the Series B Stated Value, plus (b) the amount of the aggregate dividends then accrued on such share of Series B Preferred Stock and not previously paid, or (ii) such amount per share as would have been payable had all shares of Series B Preferred Stock been converted into common stock immediately prior to such liquidation, dissolution or winding up. Accordingly, the Series B Preferred Stock liquidation preference as of April 28, 2025 (with 255,181shares outstanding and a stated value of $3,062,172, and with accrued dividends of $59,189) was $3,433,497. Prepaid Warrants— Subsequent to December 31, 2024, through April 28, 2025: 62,627 Prepaid Warrants (with an exercise price of $0.02 each) were exercised cashlessly for 62,538shares of common stock; and 35,000 prepaid warrants were exchanged for 39,200shares of Series B Preferred Stock, leaving 95,971 prepaid warrants remaining outstanding. (Subsequent to December 31, 2024, through April 28, 2025, the related party exercised 55,878 prepaid warrants (with an exercise price of $0.02 each) cashlessly for 55,795shares of common stock, leaving 60,189 prepaid warrants outstanding.) F-109 Heritage Distilling Holding Company, Inc.
Notes to Consolidated Financial Statements NOTE 17 — SUBSEQUENT EVENTS (cont.) Whiskey Note Shareholder Warrants— On April 1, 2025, the Company issued warrants with an expiration date of April 1, 2028 to purchase 44,207shares of common stock with an exercise price of $80.00 per share to common shareholders of record who acquired their common stock through the exchange of Whiskey Notes and whose shares were subject to 100% lockup for 6 months post -IPO, as was disclosed as a pending item in the Company’s February 4, 2025 prospectus filed with the commission (the “Whiskey Note Shareholder Warrants”). The Whiskey Note Shareholder Warrants will be exercisable if the warrant holder continuously holds all shares of common stock such holder owned