Company: IPST
Filing Date: 2025-06-23
Form Type: 424B3
Source: 0001641172-25-015954
Chunk: 243

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-06-23
Form: 424B3
Chunk 243
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 beneficially own 9.99% of the Company’s outstanding shares of common, and having no expiration date. As of March 31, 2025, 2,619,433 of the pre-paid warrants remained outstanding.

The following sets forth the outstanding prepaid warrants and common warrants as of March 31, 2025:

SCHEDULE OF OUTSTANDING PREPAID WARRANTS AND COMMON WARRANTS

|                              |     | Prepaid  
 Warrants |            |   |     | Common   
 Warrants |         |
| Balance December 31, 2024    |     |          |  3,871,992 |   |     |          | 382,205 |
| Beginning Balance            |     |          |  3,871,992 |   |     |          | 382,205 |
| Exercise of Prepaid Warrants 
 in Exchange for Common Stock |     |          | (1,252,559 | ) |     |          |       — |
| Balance March 31, 2025       |     |          |  2,619,433 |   |     |          | 382,205 |
| Ending Balance               |     |          |  2,619,433 |   |     |          | 382,205 |

Upon the closing of the Company’s initial public offering on November 25, 2024, the conditional issuances of prepaid warrants and common stock noted in the table above became effective.

In addition to the prepaid warrants and common warrants in the table above: 119,207 warrants to purchase common stock at $0.01 per share were issued in connection with the initial aggregate $250,000 of non-ELOC Investor Series B Preferred Stock subscriptions (see Preferred Stock - Series B below); and, subsequent to March 31, 2025, 327,868 prepaid warrants were issued in connection with the issuance of Series B Preferred Stock (see Note 14).

In the three months ended March 31, 2025, 1,252,559 prepaid warrants (with an exercise price of $0.001 each) were exercised cashlessly for 1,250,777 shares of common stock (including related party cashlessly exercised 1,117,559 prepaid warrants with an exercise price of $0.001 each for 1,115,909 shares of common stock) leaving 2,619,433 prepaid warrants remaining outstanding.

Subsequent to March 31, 2025, through May 19