Company: IPST
Filing Date: 2025-06-04
Form Type: POS AM
Source: 0001641172-25-013501
Chunk: 238

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-06-04
Form: POS AM
Chunk 238
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, as amended (the “Securities Act”), and were offered pursuant to an exemption from the registration requirements of the Securities Act of 1933, as amended provided in Section 4(a)(2) of the Securities Act and Rule 506(b) promulgated thereunder.

Concurrent with the closing of the IPO on November 25, 2024, any contingencies disclosed above related to the accounting treatment recognizing the conversion of debt to equity for the following private transactions were lifted as a result of the IPO (see Notes 5 and 6):

| ● | The                                                                                             
 2022 and 2023 Convertible Promissory Notes which were previously exchanged for 3,312,148        
 shares of common stock and 507,394 prepaid warrants to purchase common stock (See Note 12);     |
| ● | The                                                                                             
 2023 Series — Convertible Whiskey Special Ops 2023 Notes and related warrants which             
 were previously exchanged for 2,399,090 shares of common stock and 546,927 prepaid warrants     
 to purchase common stock (See Note 12);                                                         |
| ● | The                                                                                             
 $399,667 received from the two separate investors under the terms of the May 2024 and July      
 2024 factoring agreements, including accrued fees and 66,549 related warrants, which was        
 exchanged for an aggregate of 44,291 shares of Series A Preferred Stock and 24,978 warrants     
 to purchase shares of common stock at $4.00 per share (including $266,667 received from a       
 related party, which was exchanged for 29,661 shares of Series A Preferred Stock, and 16,667    
 warrants). (See Notes 5 and 12.)                                                                |
| ● | The                                                                                             
 $250,000 received from an investor under the terms of a July 2024 accounts receivable factoring 
 agreement, including accrued fees, which was exchanged for 27,700 shares of Series A Preferred  
 Stock, including 15,625 warrants to purchase shares of common stock at $4.00 per share. (See    
 Notes 5 and 12.)                                                                                |

| 144 |

Heritage Distilling Holding Company, Inc.

Notes to Condensed Consolidated Financial Statements

(unaudited)

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

In addition to the Common Warrants discussed above, pursuant to the Underwriting Agreement dated November 21, 2024