Company: IPST
Filing Date: 2025-10-16
Form Type: S-1/A
Source: 0001213900-25-099309
Chunk: 402

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-10-16
Form: S-1/A
Chunk 402
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 interest rate of 0% through July 31, 2025, beginning August 1, 2025 the City of Eugene loan begins accruing interest at the rate of 5%. Monthly payments are scheduled to begin on September 1, 2025 in the amount of $ 6,714, including accrued interest. In May 2024, the Company raised $ 100,000under the terms of an accounts receivable factoring arrangement with a related party. (See Note 15.) As of July 1, 2024, the Company raised an additional aggregate of $ 299,667between two separate investors under the terms of a July 1, 2024 accounts receivable factoring arrangement, including $ 166,667from the related party. The Company issued an aggregate of 66,549 five yearwarrants to purchase common stock at $ 6.00per share in conjunction with the July 1, 2024 accounts receivable factoring agreements. (See Note 15.) In August 2024, the aggregate of $ 399,667received from the two separate investors under the terms of the May 2024 and July 2024 factoring agreements, including accrued fees and 66,549related warrants was exchanged for an aggregate of 44,291shares of Series A Preferred Stock and 19,983warrants to purchase shares of common stock at the lesser of $ 5.00per share or the price per share at which the common stock is sold in the Company’s initial public offering. (Including $ 266,667received from a related party, which was exchanged for 29,661shares of Series A Preferred Stock, and 13,333warrants.) Upon the November 25, 2024 initial public offering at $ 4.00per share, the 19,983warrants at $ 5.00per share were recalculated and reissued as 24,978warrants at $ 4.00per share (and the 13,333related party warrants at $ 5.00per share were recalculated and reissued as 16,666 warrants at $ 4.00per share). (See Note 15.) In July 2024, the Company raised an additional $ 250,000from an investor under the terms of a July 2024 accounts receivable factoring arrangement. The Company issued 83,333 five yearwarrants to purchase common stock at $ 6.00per