Company: IPST
Filing Date: 2025-08-26
Form Type: S-1
Source: 0001213900-25-080839
Chunk: 420

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-08-26
Form: S-1
Chunk 420
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4), the related party exchanged 250,000shares of common stock for 250,000 prepaid warrants to purchase common stock. Subsequent to December 31, 2024, through April 28, 2025, the related party exercised 1,117,559 prepaid warrants (with an exercise price of $0.001 each) cashlessly for 1,115,909shares of common stock, leaving 1,203,783 prepaid 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 $4.00 per 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 holder continuously holds the shares such holder owned on May 31, 2023 through the date the warrant is exercised; and the common stock attains a specified volume weighted average price per share (“VWAP”) over a 10 - trading-dayperiod (the “10 - Trading-DayVWAP”) before expiring: •Tranche 1 — for up to 762,488shares of common stock (of which up to 128,358 were to a related party) when the 10 - Trading-DayVWAP of the common stock reaches 200% of the $4.00 per share initial public offering price (or $8 per share), and that will expire on the 24 -monthanniversary of the Company’s initial public offering (the “$8 Contingent Legacy Shareholder Warrants”); •Tranche 2 — for up to 1,524,976shares of common stock (of which up to 256,716 were to a related party) when the 10 - Trading-DayVWAP of the common stock reaches 300% of the $4.00 per share initial public offering price (or $12 per share), and that will expire on the 42 -monthanniversary of the Company’s initial public offering (the “$12 Contingent Legacy Shareholder Warrants”); and, •Tranche 3 — for up to 1,906,