Company: IPST
Filing Date: 2025-10-16
Form Type: S-1/A
Source: 0001213900-25-099309
Chunk: 454

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-10-16
Form: S-1/A
Chunk 454
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ation, dissolution or winding up. Accordingly, the Series B Preferred Stock liquidation preference as of April 28, 2025 (with 255,181shares outstanding and a stated value of $ 3,062,172, and with accrued dividends of $ 59,189) was $ 3,433,497. F-103 Heritage Distilling Holding Company, Inc.
Notes to Consolidated Financial Statements NOTE 17 — SUBSEQUENT EVENTS (cont.) Prepaid Warrants— Subsequent to December 31, 2024, through April 28, 2025: 1,252,559Prepaid Warrants (with an exercise price of $ 0.001each) were exercised cashlessly for 1,250,777shares of common stock; and 700,000prepaid warrants were exchanged for 39,200shares of Series B Preferred Stock, leaving 1,919,433prepaid warrants remaining outstanding. (Subsequent to December 31, 2024, through April 28, 2025, the related party exercised 1,117,559prepaid warrants (with an exercise price of $ 0.001each) cashlessly for 1,115,909shares of common stock, leaving 1,203,783prepaid warrants outstanding.) Whiskey Note Shareholder Warrants— On April 1, 2025, the Company issued warrants with an expiration date of April 1, 2028 to purchase 884,159shares of common stock with an exercise price of $ 4.00per share to common shareholders of record who acquired their common stock through the exchange of Whiskey Notes and whose shares were subject to 100% lockup for 6 monthspost -IPO, as was disclosed as a pending item in the Company’s February 4, 2025 prospectus filed with the commission (the “Whiskey Note Shareholder Warrants”). The Whiskey Note Shareholder Warrants will be exercisable if the warrant holder continuously holds all shares of common stock such holder owned on the date of the Company’s IPO through the date the warrant is exercised, and then only if the common stock attains a specified volume weighted average price of $ 8.00per share (“VWAP”) over a 10 -trading-dayperiod (the “ 10 -Trading-DayVWAP”) before expiring. The Company will record the fair value of the Whiskey Note Shareholder Warrants as of the April 1