Company: IPST
Filing Date: 2025-12-23
Form Type: 424B3
Source: 0001213900-25-125341
Chunk: 114

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-23
Form: 424B3
Chunk 114
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 publicly any forward -lookingstatements, whether as a result of new information, future events or otherwise after the date of this prospectus. All subsequent forward -lookingstatements attributable to us or any person acting on our behalf are expressly qualified in their entirety by the cautionary statements contained or referred to herein. 65 ISSUANCE OF SECURITIES TO SELLING STOCKHOLDERS Offering of Pre-Funded Warrants On August 15, 2025, we sold in a private placement to institutional and accredited investors Pre -FundedWarrants to purchase an aggregate of 18,518,921shares of common stock at a purchase price of $12.084 per Pre -FundedWarrant, for an aggregate purchase price of $223.8 million, before deducting placement agent fees and other offering expenses. Included among the purchasers in the offering were Story Foundation, which purchased Pre -FundedWarrants to purchase 5,389,091shares of common stock; Justin Stiefel, our Chairman and Chief Executive Officer, who purchased Pre -FundedWarrants to purchase 165,480shares of common stock; and Andrew Varga, a director of our company, who purchased Pre -FundedWarrants to purchase 15,000shares of common stock. Of the total $223.8 million purchase price for the Pre -FundedWarrants, $35.5 million was paid in cash, $59.5 million was paid in the cryptocurrency stablecoin commonly referred to as USDC (“USDC”), based on a purchase price of $1.00 per USDC, and $128.8 million was paid in $IP Tokens, which were valued for purposes of such offering at (i) $5.2413 (representing a 20% discount from the closing price of $IP Tokens on August 8, 2025 as reported by CoinMarketCap.com) in the case of the Story Core Contributors (as defined in the subscription agreements for such offering), (ii) $3.40 (representing an approximately 48% discount from the closing price of $IP Tokens on August 8, 2025 as reported by CoinMarketCap.com) in the case of Story Foundation, or (iii) $6.5516 (the reported closing price of $IP Tokens on August 8, 2025 as reported by CoinMarketCap.com) in the case of all other purchasers. The Pre -FundedWarrants issued in the offering were originally exercisable to purchase an aggregate