Company: IPST
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001788230-25-000126
Chunk: 13

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part II, Item 2
Chunk 13
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Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

Recent Sales of Unregistered Securities

During the quarter ended June 30, 2025, the Company issued and sold an aggregate of 576,373 shares of its Series B Convertible Preferred Stock (the “Preferred Stock”) and warrants to purchase up to 733,192 shares of the Company’s common stock (the “Warrants”) to accredited investors for aggregate gross proceeds of approximately $5,763,747. The Preferred Stock and Warrants were issued in reliance upon exemptions from registration provided by Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”), and Rule 506 of Regulation D promulgated thereunder, as the transactions did not involve any public offering.

In conjunction with, and contingent upon, a private placement of common stock anticipated to close in August 2025:  629,873 shares of Series B Preferred Stock will be exchanged for: 894,856 shares of common stock; and 17,002,480 prepaid warrants with an exercise price of $0.01 per share 

No underwriters were engaged in connection with these sales, and no underwriting discounts or commissions were paid. The shares of Preferred Stock and the Warrants contain restrictions on transfer and may not be offered or sold in the United States absent registration or an applicable exemption from registration under the Securities Act and applicable state securities laws.

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Table of Contents

Item 3. Defaults upon Senior Securities

None.

Item 4. Mine Safety Disclosures

Not applicable.

Item 5. Other Information

None.

Item 6. Exhibits.

The Exhibits listed in the Exhibit Index are filed as part of this quarterly report on Form 10-Q. Each management contract or compensatory plan or agreement listed on the Exhibit Index is identified by a hashtag.

EXHIBIT INDEX

Exhibit Incorporated by ReferenceNumberDescription of ExhibitsFormFile No.ExhibitFiling Date3.1Second Amended and Restated Certificate of Incorporation of Heritage Distilling Holding Company, Inc.8-K001-424113.1November 26, 20243.2First Amendment to Second Amended and Restated Certificate of Incorporation of Heritage Distilling Holding Company, Inc.8-K001-424113.1June 27, 20253.3Amended and Restated Bylaws of Heritage Distilling Holding Company, Inc.8-K001-424113