Company: IPST
Filing Date: 2025-06-23
Form Type: 424B3
Source: 0001641172-25-015954
Chunk: 12

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-06-23
Form: 424B3
Chunk 12
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 Stock sold to the Investor under the ELOC Purchase Agreement as discussed above, between February 21, 2025 and May 29, 2025, we sold in a private placement to 13 additional accredited investors an aggregate of 742,137 shares of Series B Preferred Stock, with certain investors receiving an aggregate of: 911,225 warrants to purchase common stock at $0.01 per share (including 102,437 of such warrants to a related party); and 327,868 warrants to purchase common stock at $0.001 per share, for aggregate gross proceeds of $7,421,377, of which: $2,936,810 or 293,681 shares was from cash investors (including $105,000 or 10,500 shares was from a related party); $4,092,567 or 409,256 shares of Series B Preferred Stock was from the exchange of 284,140 shares of Series A Preferred Stock and 116,263 related warrants to purchase common stock at $4.00 per share (of which, an aggregate of $2,995,437 or 299,543 shares of Series B Preferred Stock was from a related party, of which $2,640,437 or 264,043 shares of Series B Preferred Stock was from the exchange of 183,122 shares of Series A Preferred Stock and 75,702 related warrants to purchase common stock at $4.00 per share); and, $392,000 (39,200 shares with a conversion price of $0.56 per share of common stock) was from the exchange of 700,000 prepaid warrants at a VWAP of $0.56 per prepaid warrant. The 742,137 shares of Series B Preferred Stock have conversion prices ranging from $0.4736 per share to $1.17 per share and a weighted average conversion price of $0.62 per share.

For additional information about the Series B Preferred Stock, see “Description of Capital Stock – Series B Convertible Preferred Stock” herein.

Risks Associated with Our Business

Our ability to execute our business strategy is subject to numerous risks, as more fully described in the section captioned “Risk Factors” immediately following this prospectus summary. You should read these risks before you invest in our common stock. Risks associated with our business include, but are not limited to, the following:

| ● | Our                                                                                                                                 
 operating history and evolving business make it difficult to evaluate our prospects and risks.                                      |
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