Company: IPST
Filing Date: 2025-12-12
Form Type: S-1/A
Source: 0001213900-25-121277
Chunk: 118

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-12
Form: S-1/A
Chunk 118
---
 Lee, the founder and chief executive officer of PIP Labs, the original creator of Story, and certain other advisors to our company (collectively, the “Advisors”), pursuant to which the Advisors will provide 66 to us certain consulting, strategy and business development services related to our establishment of a treasury function in certain non -securitycryptocurrencies, including $IP Tokens. Pursuant to the Advisory Agreements, we issued to certain Advisors, following receipt on September18, 2025 of stockholder approval of the issuance of such shares, an aggregate of 323,854 shares of common stock and restricted stock units to acquire an aggregate of 125,000 shares of common stock that vest quarterly over 12months. In addition, we issued to the Advisors warrants (the “Advisory Warrants”) to purchase up to an aggregate of 875,000 shares of common stock for a purchase price of $0.20 per share, consisting of: (i) warrants to purchase up to 193,750 shares of common stock that are currently fully vested, (ii) warrants to purchase up to 203,750 shares of common stock that will vest on the earlier of February 15, 2026 or the date on which the closing price of our common stock equals or exceeds $30.00 per share, (iii) warrants to purchase up to 215,000 shares of common stock that will vest on the earlier of February 15, 2026 or the date on which the closing price of our common stock equals or exceeds $40.00 per share, and (iv) warrants to purchase up to 262,500 shares of common stock that will vest in 12 equal monthly installments of 21,875 shares beginning October18, 2025 so that all of such warrants are vested 12 months following such date, with each Advisory Warrant subject to vesting, forfeiture and such other terms as are set forth therein. The Advisory Warrants contain incidental registration rights, pursuant to which we were required to register the shares of common stock issuable upon exercise of the Advisory Warrants for resale in the registration statement of which this prospectus forms a part. The holders of our Pre -FundedWarrants, Placement Agent Warrants, and Advisory Warrants and the shares of common stock we issued to certain of the Advisors or will issue to certain Advisors upon the exercise of Pre -FundedWarrants or the settlement of restricted stock units are included among the Selling Stockholders named in this prospectus,