Company: IPST
Filing Date: 2025-08-29
Form Type: DEF 14A
Source: 0001788230-25-000148
Chunk: 40

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-08-29
Form: DEF 14A
Chunk 40
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,988 |     |   1,311,994 |
| Common Stock Issuable Upon Exercise of Outstanding Options and Warrants** and Vesting of RSUs |     |       423,511,158 |     |  84,702,232 |     |  42,351,116 |     |  21,175,558 |
| Common Stock Reserved for Issuance under Equity Plans***                                      |     |         2,472,500 |     |     494,500 |     |     247,250 |     |     123,625 |
| Authorized but Unissued and Unreserved Shares of Common Stock                                 |     |        37,776,459 |     | 399,555,291 |     | 444,777,646 |     | 467,388,823 |

* Does not give effect to any increase in our authorized shares that may be approved at the Special Meeting as contemplated by the Authorized Share Proposal.

** Includes, without limitation, the Pre-Funded Warrant, the Advisory Warrants, the Advisory RSUs, and the Placement Agent Warrants issued in the Offering.

*** Does not give effect to any increase in shares authorized under the 2024 Plan that may be approved at the Special Meeting as contemplated by the Incentive Plan Proposal.

| Heritage Distilling Holding Company, Inc. |     | 23 |     | Special Meeting Proxy Statement |

Proposal Five

The Reverse Stock Split would affect all stockholders uniformly. As of the Effective Date, each stockholder would own a reduced number of shares of common stock. Percentage ownership interests, voting rights and other rights and preferences would not be affected, except to the extent that the Reverse Stock Split would result in fractional shares (as described below). The Reverse Stock Split would not affect the registration of our common stock under Section 12(b) of the Exchange Act, and we would continue to be subject to the periodic reporting and other requirements of the Exchange Act.

Our common stock would continue to be listed on the Nasdaq Capital Market under the symbol “CASK” (subject to compliance with continued listing requirements) but would have a new Committee on Uniform Securities Identification Procedures (CUSIP) number after the Effective Date.

Cash Payment in Lieu of Fractional Shares

No fractional shares of common stock will be issued as a result of the Reverse Stock Split. In lieu of any fractional shares to which a stockholder of record would otherwise be entitled, we will pay cash (without interest and subject to withholding