Company: IPST
Filing Date: 2025-12-23
Form Type: 424B3
Source: 0001213900-25-125341
Chunk: 345

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-23
Form: 424B3
Chunk 345
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 price of $0.20 per share that are exercisable for common stock at the earlier of (i) when the common stock closes at $40 per share or higher during a regular trading day or (ii) on the 6month anniversary of the warrant issuance date. (A related party portion thereof being 299,543shares of Series B Preferred Stock that would be eligible to be converted into 431,793shares of common stock will be exchanged for: 21,589shares of common stock; 215,896 prepaid warrants with an exercise price of $0.20 per share that are exercisable for common stock at the earlier of (i) when the common stock closes at $30 per share or higher during a regular trading day or (ii) on the 3month anniversary of the warrant issuance date; and, 194,306 prepaid warrants with an exercise price of $0.20 per share that are exercisable for common stock at the earlier of (i) when the common stock closes at $40 per share or higher during a regular trading day or (ii) on the 6month anniversary of the warrant issuance date.) As of September 30, 2025, 15,000shares of Series B Preferred Stock remained outstanding with a stated value of $180,000) and a liquidation preference of $212,850 (or 449,430shares of common stock based on the Conversion Price $0.4736). Subsequent to September 30, 2025, in October 2025, the 15,000shares of Series B Preferred Stock that remained outstanding as of September 30, 2025 were converted into 449,430shares of common stock. Stock options— The Company’s 2018 Equity Incentive Plan was approved by the HDC Board and the HDC shareholders in March 2018. On April 27, 2019, in anticipation of the Company’s reorganization on May 1, 2019, the HDHC Board and the HDHC sole stockholder approved HDHC’s 2019 Equity Incentive Plan (the “2019 Plan”). Upon the closing of the Company’s initial public offering (which occurred on November 25, 2024), the 2024 Equity Incentive Plan (the “2024 Plan”) became effective, authorizing the issuance of up to 125,000shares of common stock. On June 24, 2025, the shareholders approved an increase in the number of shares authorized for issuance