Company: IPST
Filing Date: 2025-12-19
Form Type: S-1/A
Source: 0001213900-25-123872
Chunk: 453

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-19
Form: S-1/A
Chunk 453
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600was paid by the Company in the form of 11,060shares of Series A Preferred Stock and 276related warrants to purchase common stock at the lesser of $ 100per share or the price per shares at which the Company’s common stock is sold in the Company’s initial public offering. Upon the November 25, 2024 initial public offering at $ 80.00per share, the 276warrants at $ 100per share were recalculated and reissued as 345warrants at $ 80.00per share. In October 2024, the Company sold 250barrels of aged whiskey to the related party for $ 166,667. Under the terms of the sale, in the event the related party resells the barrels back to the Company, the resell prices shall be the price paid per barrel under the agreement plus a 15% simple annual interest rate of 1.25% per month from the date the related party purchased the barrels from the Company. The Company also agreed to store the barrels for the related party at no fee until the related party sells the barrels to either the Company or a third party. F-104 Heritage Distilling Holding Company, Inc.
Notes to Consolidated Financial Statements NOTE 15 — RELATED-PARTY TRANSACTIONS (cont.) On November 22, 2024 (prior to the Company’s initial public offering on November 25, 2024), the related party exchanged 12,500shares of common stock for 12,500prepaid warrants to purchase common stock. Subsequent to December 31, 2024, through April 28, 2025, the related party exercised 55,878prepaid warrants (with an exercise price of $ 0.02each) cashlessly for 55,795shares of common stock, leaving 60,189prepaid warrants outstanding. Related Party Contingent Legacy Shareholder Warrants(See also Note 9) — On October 30, 2024 the Company issued warrants to purchase common stock that became contingently exercisable upon the closing of an initial public offering (which occurred on November 25, 2024), at the price per share of the Company’s initial public offering (or $ 80.00per share) 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