Company: IPST
Filing Date: 2025-12-19
Form Type: S-1/A
Source: 0001213900-25-123872
Chunk: 346

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-19
Form: S-1/A
Chunk 346
---
 party). The value of Series A Preferred Stock and related warrants exchanged for Series B Preferred Stock was negotiated based upon: the related Stated Value of the Series A Preferred Stock (or 284,140shares at $ 12Stated Value = $ 3,409,680) and accrued dividends thereon (of $ 343,392) through May 1, 2025; plus the value of the related warrants to purchase common stock (calculated using a Black Scholes valuation model). Subsequent to the exchange, there were outstanding: 659,437shares of Series B Preferred Stock; 210,700shares of Series A Preferred Stock; and, 6,499warrants to purchase common stock at $ 80per share related to the Series A Preferred Stock, As of September 30, 2025, the Company had received subscriptions for $ 7,568,540( 756,854shares) of Series B Preferred Stock (of which $ 2,995,437was from a related party) which included: $ 4,092,560or 409,256shares from the exchange of Series A Preferred Stock and related warrants at a negotiated aggregate value (of which $ 2,640,437or 264,043shares was from a related party); $ 392,000or 39,200shares was from the exchange of 35,000prepaid warrants at a VWAP of $ 11.20per prepaid warrant; $ 167,180or 16,717shares was from the exchange of 16,393prepaid warrants at a VWAP of $ 10.20per prepaid warrant; $ 1,150,000or 115,000shares was from the ELOC Investor, of which $ 499,991was purchased in January 2025 in conjunction with the execution and registration of the ELOC Purchase Agreement; and $ 1,766,810or 176,681shares was from other investors (of which $ 355,000or 35,500shares was from a related party, of which, one other investor subscription of $ 100,000or 10,000shares included a negotiated 16,393prepaid warrants to purchase common stock at $ 0.02per share). F-38

Heritage Distilling Holding Company, Inc.
Notes to Condensed Consolidated Financial Statements
(unaudited) NOTE 8 — STOCKHOLDERS’ EQUITY/(DEFICIT) (cont.)