Company: IPST
Filing Date: 2025-12-19
Form Type: S-1/A
Source: 0001213900-25-123872
Chunk: 321

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-19
Form: S-1/A
Chunk 321
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 August 1, 2025. Monthly payments began on September 1, 2025 in the amount of $ 6,714, including accrued interest. In May 2024, the Company raised $ 100,000under the terms of an accounts receivable factoring arrangement with a related party. (See Note 13.) As of July 1, 2024, the Company raised an additional aggregate of $ 299,667between twoseparate investors under the terms of a July 1, 2024 accounts receivable factoring arrangement, including $ 166,667from the related party. The Company issued an aggregate of 3,327 five yearwarrants to purchase common stock at $ 120per share in conjunction with the July 1, 2024 accounts receivable factoring agreements. (See Note 13.) In August 2024, the aggregate of $ 399,667received from the twoseparate investors under the terms of the May 2024 and July 2024 factoring agreements, including accrued fees and 3,327related warrants was exchanged for an aggregate of 44,291shares of Series A Preferred Stock and 999warrants to purchase shares of common stock at the lesser of $ 100per share or the price per share at which the common stock is sold in the Company’s initial public offering. (Including $ 266,667received from a related party, which was exchanged for 29,661shares of Series A Preferred Stock, and 666warrants at $ 100per share.) Upon the November 25, 2024 initial public offering at $ 80per share, the 999warrants at $ 100per share were recalculated and reissued as 1,248warrants at $ 80per share (and the 666related party warrants at $ 100per share were recalculated and reissued as 833warrants at $ 80per share). (See Note 13.) F-25

Heritage Distilling Holding Company, Inc.
Notes to Condensed Consolidated Financial Statements
(unaudited) NOTE 5 — BORROWINGS (cont.)

In July 2024, the Company raised an additional $ from an investor under the terms of a July 2024 accounts receivable factoring arrangement. The Company issued warrants to purchase common stock at $ per share in conjunction with the July 2024 accounts receivable factoring arrangement (which remain outstanding, and are not subject to split in