Company: IPST
Filing Date: 2025-12-12
Form Type: S-1/A
Source: 0001213900-25-121277
Chunk: 335

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-12
Form: S-1/A
Chunk 335
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 ELOC Investor beneficially owning shares in excess of % of the number of the Company’s shares outstanding.

In the nine months ended September 30, 2025, an aggregate of shares of common stock had been sold to the investor under the ELOC Purchase Agreement for aggregate gross proceeds to the Company of $...

Prepaid Warrants to Purchase Common Stock — Prepaid 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 % of the Company’s outstanding shares of common stock for a number of shares that would cause the holder to beneficially own % of the Company’s outstanding shares of common, and having no expiration date. In the nine months ended September 30, 2025: prepaid warrants were exchanged for shares of Series B Preferred Stock (See also Preferred Stock — Series B below); prepaid warrants were issued in connection with the issuance of Series B Preferred Stock, and prepaid warrants were exercised for common stock (including from a related party), leaving prepaid warrants outstanding (including prepaid warrants outstanding of the related party). Subsequent to September 30, 2025, prepaid warrants were exercised, leaving prepaid warrants outstanding.

The following sets forth the outstanding prepaid warrants and common warrants as of September 30, 2025:

|                                                               |     |  Prepaid 
 Warrants |   |     |   Common 
 Warrants |   |
| Balance December 31, 2024                                     |     |  193,599 |   |     |   19,110 |   |
| Exercise of Warrants in Exchange for Common Stock             |     | (153,599 | ) |     |  (19,110 | ) |
| Exercise of Warrants in Exchange for Series B Preferred Stock |     |  (51,393 | ) |     |        — |   |
| Warrants Issued with Series B Preferred Stock                 |     |   16,393 |   |     |        — |   |
| Balance September 30, 2025                                    |     |    5,000 |   |     |        — |   |

Upon the closing of the Company’s initial public offering on November 25, 2024, the conditional issuances of prepaid warrants and common stock noted in the table above became effective.

In addition to the prepaid warrants and common warrants in the table above: warrants to purchase common stock at $ per share were issued in connection with the initial aggregate $ of non-E