Company: IPST
Filing Date: 2025-08-26
Form Type: S-1
Source: 0001213900-25-080839
Chunk: 296

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-08-26
Form: S-1
Chunk 296
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 remaining prerequisite for the unconditional exchange of the Whiskey Special Operation Convertible Notes for equity. As of June 30, 2025, the Company had 12,727,886shares of common stock issued and outstanding, including the 3,312,148shares of common stock related to the conversion of the 2022 and 2023 Convertible Notes (comprised of 3,819,542shares of common stock, net of: 507,394; and subsequently, 1,420,406 additional shares of common stock exchanged for prepaid warrants); and the 2,399,090shares of common stock related to the conversion of the Whiskey Special Operation Convertible Notes (comprised of 2,946,015shares of common stock, net of: 546,927; and subsequently, 1,422,265 additional shares of common stock exchanged for prepaid warrants). During the three and six months ended June 30, 2025 and the year ended December 31, 2024, respectively, the Company repurchased0, 0 and 21shares of common stock and 1,925,944, 3,243,883 and 317,853 warrants to purchase common stock were exercised. In the second quarter of 2024, the Company’s Board of Directors and shareholders took certain actions and approved amendments to the Company’s amended and restated certificate of incorporation in preparation for the Company’s initial public offering (which occurred on November 25, 2024) (the “Actions and Amendments”). These Actions and Amendments, included, among other things: •filing a second amendment to the Company’s amended and restated certificate of incorporation on April1, 2024, to increase the Company’s authorized capital stock from 10,000,000shares to 70,000,000shares, including 69,500,000shares of common stock and 500,000shares of Founders F-24 Heritage Distilling Holding Company, Inc.
Notes to Condensed Consolidated Financial Statements
(unaudited) NOTE 7 — STOCKHOLDERS’ EQUITY/(DEFICIT) (cont.) Common Stock. The increase in authorized shares included provision for the additional shares to be issued with the Company’s anticipated IPO, including those discussed in the following paragraphs, and other future equity activities not yet known. •filing a third amendment to the Company’s amended and restated certificate of incorporation on May14, 2024, to further increase the Company