Company: IPST
Filing Date: 2025-12-12
Form Type: S-1/A
Source: 0001213900-25-121277
Chunk: 14

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-12
Form: S-1/A
Chunk 14
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 common stock we issued upon the exchange of shares of Series B Preferred Stock and the 837,474 shares of common stock that are issuable upon the exercise of certain outstanding warrants we issued in connection with the exchange of shares of Series B Preferred Stock. Private Placement of Pre -Funded Warrants.On August 15, 2025, we sold in a private placement to institutional and accredited investors pre -fundedwarrants (the “Pre -FundedWarrants”) to purchase an aggregate of 18,518,921 shares 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 5.389,091 shares of common stock; Justin Stiefel, our Chairman and Chief Executive Officer, who purchased Pre -FundedWarrants to purchase 165,480 shares of common stock; and Andrew Varga, a director of our company, who purchased Pre -FundedWarrants to purchase 15,000 shares 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 the offering), (ii) $3.40 (representing an approximately 48% discount from the closing price of $IP 5 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 of 18,518,921 shares of common stock (the