Company: IPST
Filing Date: 2025-12-23
Form Type: 424B3
Source: 0001213900-25-125341
Chunk: 406

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-23
Form: 424B3
Chunk 406
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 $266,667 received from a related party, which was exchanged for 29,661shares of Series A Preferred Stock, and 666 warrants.) Upon the November 25, 2024 initial public offering at $80.00 per share, the 999 warrants at $100 per share were recalculated and reissued as 1,248 warrants at $80.00 per share (and the 666 related party warrants at $100 per share were recalculated and reissued as 833 warrants at $80.00 per share). (See Note 15.) In July 2024, the Company raised an additional $250,000 from an investor under the terms of a July 2024 accounts receivable factoring arrangement. The Company issued 83,333 five year warrants to purchase common stock at $6.00 per share in conjunction with the July 2024 accounts receivable factoring arrangement (which remain outstanding, and are not subject to split in accordance with the respective warrant agreement). As of September 2024, the Company recorded a total liability of $277,000 (including $27,000 of fees) related to this July 2024 factoring agreement, which was exchanged for 27,700shares of Series A Preferred Stock, including 625 warrants to purchase shares of common stock at the lesser of $100 per share or the price per share at which the common stock is sold in the Company’s initial public offering. Upon the November 25, 2024 initial public offering at $80.00 per share, the 625 warrants at $100 per share were recalculated and reissued as 781 warrants at $80.00 per share. F-80

Heritage Distilling Holding Company, Inc.
Notes to Consolidated Financial Statements NOTE 6 — BORROWINGS (cont.) As of December 31, 2024, the principal repayments of the Company’s debt measured on an amortized basis of $13,381,016 will be due within five years from the issuance of these consolidated financial statements. The outstanding principal repayments due within the next 12 months of $3,758,595 and $14,270,956, respectively, net of debt issuance costs of $140,082 and $398,324, respectively, was classified as a current liability on the Company’s consolidated balance sheets as of December 31, 2024 and December 31, 2023. The outstanding principal repayments due after the next 12 months of $9,