Company: IPST
Filing Date: 2025-12-19
Form Type: S-1/A
Source: 0001213900-25-123872
Chunk: 421

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-19
Form: S-1/A
Chunk 421
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 25, 2024, (the date of the Company’s initial public offering) was reclassified from Convertible Notes to equity (of Common Stock Par Value of $ 382and Paid -in-capitalof $ 15,277,786) under the terms of the Subscription Exchange Agreement upon the closing of the Company’s initial public offering — which occurred on November 25, 2024 and was the remaining prerequisite for the unconditional exchange of the 2022 and 2023 Convertible Notes for equity. (See Note 5.) Upon approval of the April 2024 increase in authorized shares, the Whiskey Special Operation Convertible Notes were exchanged (contingent upon the consummation of the Company’s initial public offering, which occurred on November 25, 2024) for 119,954additional shares of common stock and 27,346prepaid warrants; The actual unconditional exchange of the Convertible Notes and reclassification of the aggregate fair value of exchanged notes (of $ 11,784,068as of November 25, 2024, (the date of the Company’s initial public offering) was reclassified from Convertible Notes to equity (of Common Stock Par Value of $ 295and Paid -in-capitalof $ 11,783,773) under the terms of the Subscription Exchange Agreement upon the closing of the Company’s initial public offering — which occurred on November 25, 2024) and was the remaining prerequisite for the unconditional exchange of the Whiskey Special Operation Convertible Notes for equity. (See Note 5.) F-87

Heritage Distilling Holding Company, Inc.
Notes to Consolidated Financial Statements NOTE 9 — STOCKHOLDERS’ EQUITY/(DEFICIT) (cont.)

As of December 31, 2024, the Company had shares of common stock issued and outstanding, including the shares of common stock related to the conversion of the 2022 and 2023 Convertible Notes (comprised of shares of common stock, net of: ; and subsequently, shares of common stock exchanged for prepaid warrants); and the shares of common stock related to the conversion of the Whiskey Special Operation Convertible Notes (comprised of shares of common stock, net of: prepaid warrants; and subsequently, shares of common stock exchanged for prepaid warrants). During the year ended December 31, 2024, the Company repurchased share of common stock and warrants to purchase common stock were exercised.

In the second quarter of 2024