Company: IPST
Filing Date: 2025-10-16
Form Type: S-1/A
Source: 0001213900-25-099309
Chunk: 13

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-10-16
Form: S-1/A
Chunk 13
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,916,810 for 291,681shares of Series B Preferred Stock was from cash investors; $4,092,567 for 409,256shares of Series B Preferred Stock was from the exchange of 284,140shares of Series A Preferred Stock and related warrants to purchase 116,263shares of common stock at $4.00 per share; $392,000 (for 39,200shares of Series B Preferred Stock with an adjusted conversion price of $0.4736 per share of common stock) was from the exchange of prepaid warrants to purchase 700,000shares of common stock at a VWAP of $0.56 per prepaid warrant; and $167,180 (for 16,717shares of Series B Preferred Stock with a conversion price of $0.51 per share of common stock) was from the exchange of prepaid warrants to purchase 327,868shares of common stock at a VWAP of $0.56 per prepaid warrant. The 756,854shares of Series B Preferred Stock had conversion prices ranging from $0.4736 per share to $1.12 per share and a weighted average conversion price of $0.4788 per share. In connection with the closing of our offering of Pre -FundedWarrants discussed below, we entered into exchange agreements with all but two holders of our Series B Preferred Stock pursuant to which we exchanged 629,873shares of Series B Preferred Stock that were convertible into 17,897,336shares of common stock for (i) 894,856shares of common stock; (ii) warrants with an exercise price of $0.01 per share that are exercisable to purchase an aggregate of 8,948,676shares of common stock at the earlier of (a) the date on which the public market price of our common stock closes at $1.50 per share or higher during a regular trading day or (b) the three -monthanniversary of the warrant issuance date; and (iii) warrants with an exercise price of $0.01 per share that are exercisable to purchase an aggregate of 8,053,804shares of common stock at the earlier of (a) the date on which the public market price of our common stock closes at $2.00 per share or higher during a regular trading day or (b) the six -monthanniversary of the warrant issuance date. No shares of Series B Preferred Stock are currently outstanding. The purchasers of our Series B Preferred Stock are included among the Selling