Company: IPST
Filing Date: 2025-06-04
Form Type: POS AM
Source: 0001641172-25-013501
Chunk: 244

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-06-04
Form: POS AM
Chunk 244
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’s Board of Directors approved the terms of the ELOC Purchase Agreement and Registration Rights Agreement, the offering of up to 100,000shares of Series B Preferred Stock, and the filing of the related ELOC Registration Statement for up to 5,000,000shares of common stock and 67,162shares of common stock issuable upon the exercise of the related Commitment Warrants. In February 2025, the Investor exercised the Commitment Warrants for $ 67.

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Heritage Distilling Holding Company, Inc.

Notes to Condensed Consolidated Financial Statements

(unaudited)

NOTE 7 — STOCKHOLDERS’ EQUITY / (DEFICIT) (cont.)

In the three months ended March 31, 2025, an aggregate of 330,014shares of common stock had been sold to the investor under the ELOC Purchase Agreement for aggregate gross proceeds to the Company of $ 232,427. Subsequent to March 31, 2025, through May 19, 2025, an additional 857,439shares of common stock had been sold to the investor under the ELOC Purchase Agreement for aggregate gross proceeds of $ 412,647.

Prepaid Warrants to Purchase Common Stock— In August 2024, certain holders of shares of common stock agreed to exchange an aggregate of 2,816,291shares of their common stock into a like number of pre-paid warrants. Such pre-paid warrants will be eligible for exercise without the payment of additional consideration at any time that the respective holder beneficially owns a number of shares of common stock that is less than 9.99% of the Company’s outstanding shares of common stock for a number of shares that would cause the holder to beneficially own 9.99% of the Company’s outstanding shares of common, and having no expiration date. As of March 31, 2025, 2,619,433of the pre-paid warrants remained outstanding.

The following sets forth the outstanding prepaid warrants and common warrants as of March 31, 2025:

SCHEDULE OF OUTSTANDING PREPAID WARRANTS AND COMMON WARRANTS

|                              |     | Prepaid  
 Warrants |            |   |     | Common   
 Warrants |         |
| Balance December 31, 2024    |     |          |  3,871,992 |   |     |          | 382,205 |
| Beginning Balance            |     |          |  3,