Company: IPST
Filing Date: 2025-05-07
Form Type: POS AM
Source: 0001641172-25-009076
Chunk: 19

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-05-07
Form: POS AM
Chunk 19
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927.

Private Placement of Additional Shares of Series B Preferred Stock.In addition to the shares of Series B Preferred Stock sold to the Investor under the ELOC Purchase Agreement as discussed above, between February 21, 2025 and April 17, 2025, we sold in a private placement to six accredited investors an aggregate of 150,181 shares of Series B Preferred Stock for aggregate gross proceeds of $1,501,810 (of which $305,000 was from a related party), including $392,000 (39,200 shares with a conversion price of $0.56 per share of common stock) from the exchange of 700,000 prepaid warrants at a VWAP of $0.56 per prepaid warrant. The 150,181 shares of Series B Preferred Stock have conversion prices ranging from $0.4736 per share to $1.17 per share and a weighted average conversion price of $0.61 per share. In connection with the sale of such shares of Series B Preferred Stock, we issued to certain purchasers of such shares warrants to purchase an aggregate of 119,207 shares of common stock with a weighted average exercise price of $1.05 per share and warrants to purchase 327,868 shares of common stock with an exercise price of $0.001 per share.

For additional information about the Series B Preferred Stock, see “Description of Capital Stock – Series B Convertible Preferred Stock” herein.

Risks Associated with Our Business

Our ability to execute our business strategy is subject to numerous risks, as more fully described in the section captioned “Risk Factors” immediately following this prospectus summary. You should read these risks before you invest in our common stock. Risks associated with our business include, but are not limited to, the following:

| ● | Our                                                                                                                                 
 operating history and evolving business make it difficult to evaluate our prospects and risks.                                      |
| ● | We                                                                                                                                  
 have a history of losses, anticipate increasing our operating expenses in the future, and may not achieve or maintain profitability 
 in the future.                                                                                                                      |
| ● | As                                                                                                                                  
 we have incurred recurring operating losses and negative cash flows from operations since our inception, there is no assurance that 
 we will be able to continue as a going concern absent additional financing, which we may not be able to obtain on favorable terms,  
 or at all.                                                                                                                          |
| ● | We                                                                                                                                  
 could be materially adversely affected by health concerns such as, or similar to, the COVID-19 pandemic, food-borne