Company: IPST
Filing Date: 2025-10-16
Form Type: S-1/A
Source: 0001213900-25-099309
Chunk: 463

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-10-16
Form: S-1/A
Chunk 463
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 of 1,077,820shares of common stock at the earlier of (a) the date on which the closing price of our common stock equals or exceeds $1.00 per share or (b) the three -monthanniversary of the warrant issuance date. On August 10, 2025, we settled a trade payable in the amount of $1.0 million by the payment of $450,000 in cash and the issuance of a warrant with an exercise price of $0.12 per share that is exercisable to purchase up to 450,000shares of common stock at the earlier of (a) the date on which the closing price of our common stock equals or exceeds $1.00 per share or (b) the three -monthanniversary of the warrant issuance date. On August 15, 2025, we sold in a private placement to institutional and accredited investors pre -fundedwarrants (the “Pre -FundedWarrants”) to purchase an aggregate of 370,378,890shares of common stock at a purchase price of $0.6042 per Pre -FundedWarrant, for an aggregate purchase price of $223.8 million. Of the total $223.8 million purchase price for the Pre -FundedWarrants, $35.5 million was paid in cash, $59.5 million was paid in the cryptocurrency stablecoin commonly referred to as USDC, based on a purchase price of $1.00 per USDC, and $128.8 million was paid in $IP tokens, which were valued for purposes of such offering at (i) $5.2413 (representing a 20% discount from the closing price of $IP tokens on August 8, 2025 as reported by CoinMarketCap.com) in the case of the Story Core Contributors (as defined in the subscription agreements for the offering), (ii) $3.40 (representing an approximately 48% discount from the closing price of $IP tokens on August 8, 2025 as reported by CoinMarketCap.com) in the case of Story Foundation, or (iii) $6.5516 (the reported closing price of $IP tokens on August 8, 2025 as reported by CoinMarketCap.com) in the case of all other purchasers. In conjunction with, and contingent upon, such private placement,629,873shares of Series B Preferred Stock were exchanged for 894,856shares of common stock and warrants to purchase