Company: IPST
Filing Date: 2025-12-23
Form Type: 424B3
Source: 0001213900-25-125341
Chunk: 337

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-23
Form: 424B3
Chunk 337
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 if such shares, when aggregated with all other shares then beneficially owned by the ELOC Investor and its affiliates would result in the ELOC Investor beneficially owning shares in excess of 4.99% of the number of the Company’s shares outstanding. In the nine months ended September 30, 2025, an aggregate of 598,140shares of common stock had been sold to the investor under the ELOC Purchase Agreement for aggregate gross proceeds to the Company of $4,817,235... Prepaid Warrants to Purchase Common Stock— Prepaid warrants will be eligible for exercise without the payment of additional consideration at any time that the respective holder beneficially owns a number of shares of common stock that is less than 9.99% of the Company’s outstanding shares of common stock for a number of shares that would cause the holder to beneficially own 9.99% of the Company’s outstanding shares of common, and having no expiration date. In the nine months ended September 30, 2025: 51,393 prepaid warrants were exchanged for 55,917shares of Series B Preferred Stock (See also Preferred Stock — Series B below); 16,393 prepaid warrants were issued in connection with the issuance of Series B Preferred Stock, and 153,599 prepaid warrants were exercised for common stock (including 116,067 from a related party), leaving 5,000 prepaid warrants outstanding (including 0 prepaid warrants outstanding of the related party). Subsequent to September 30, 2025, 5,000 prepaid warrants were exercised, leaving 0 prepaid warrants outstanding. The following sets forth the outstanding prepaid warrants and common warrants as of September 30, 2025:

|                                                               |     |  Prepaid 
 Warrants |   |     |   Common 
 Warrants |   |
| Balance December 31, 2024                                     |     |  193,599 |   |     |   19,110 |   |
| Exercise of Warrants in Exchange for Common Stock             |     | (153,599 | ) |     |  (19,110 | ) |
| Exercise of Warrants in Exchange for Series B Preferred Stock |     |  (51,393 | ) |     |        — |   |
| Warrants Issued with Series B Preferred Stock                 |     |   16,393 |   |     |        — |   |
| Balance September 30, 2025                                    |     |    5,000 |   |