Company: IPST
Filing Date: 2025-12-23
Form Type: 424B3
Source: 0001213900-25-125341
Chunk: 116

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-23
Form: 424B3
Chunk 116
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 time to time. In connection with the offering of Pre -FundedWarrants, we paid to Cantor Fitzgerald & Co. and Roth Capital Partners, LLC, as placement agents for the offering, a cash placement agent fee in the aggregate amount of approximately $4.3 million and issued to such placement agents warrants (the “Placement Agent Warrants”) to purchase an aggregate of 215,363shares of common stock, initially with an exercise price of $0.20 per share and a five -yearterm. In anticipation of the offering, between June 19, 2025 and August 10, 2025, we entered into advisory and implementation agreements (the “Advisory Agreements”) with Open World, Inc. and certain of its management and affiliates, S.Y. Lee, the founder and chief executive officer of PIP Labs, the original creator of Story, and certain other advisors to our company (collectively, the “Advisors”), pursuant to which the Advisors will provide 66 to us certain consulting, strategy and business development services related to our establishment of a treasury function in certain non -securitycryptocurrencies, including $IP Tokens. Pursuant to the Advisory Agreements, we issued to certain Advisors, following receipt on September18, 2025 of stockholder approval of the issuance of such shares, an aggregate of 323,854shares of common stock and restricted stock units to acquire an aggregate of 125,000shares of common stock that vest quarterly over 12months. In addition, we issued to the Advisors warrants (the “Advisory Warrants”) to purchase up to an aggregate of 875,000shares of common stock for a purchase price of $0.20 per share, consisting of: (i) warrants to purchase up to 193,750shares of common stock that are currently fully vested, (ii) warrants to purchase up to 203,750shares of common stock that will vest on the earlier of February 15, 2026 or the date on which the closing price of our common stock equals or exceeds $30.00 per share, (iii) warrants to purchase up to 215,000shares of common stock that will vest on the earlier of February 15, 2026 or the date on which the closing price of our common stock equals or exceeds $40.00 per share, and (iv) warrants to purchase up to 262,500shares of common stock that will vest in 12 equal monthly installments of 21,