Company: IPST
Filing Date: 2025-12-19
Form Type: S-1/A
Source: 0001213900-25-123872
Chunk: 121

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-19
Form: S-1/A
Chunk 121
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 holders. Such shares of common stock may be sold from time to time by such Selling Stockholders pursuant to this prospectus. Payments of Indebtedness and Payables On August18, 2025, we paid in full the approximately $12.6 million of principal and approximately $1.0 million of accrued interest and fees payable on our secured loan from Silverview Credit Partners LP by the payment to Silverview Credit Partners of approximately $7.0 million of the net proceeds of the sale of the Pre -FundedWarrants and the issuance of a warrant with an exercise price of $0.20 per share for the purchase of 200,000shares of common stock. On September22, 2025, the warrant was cashlessly exercised for the purchase of 198,000shares of common stock. Between July 30, 2025 and August 10, 2025, we settled approximately $2.8 million of trade payables by the payment of approximately $1.4 million in cash and the issuance of warrants with an exercise price of $0.20 per share that are exercisable to purchase an aggregate of 53,890shares of common stock at the earlier of (a) the date on which the closing price of the common stock equals or exceeds $30.00 per share or (b) the six -monthanniversary of the warrant issuance date. On August 10, 2025, we settled a trade payable in the amount of $1.0 million by the payment of $450,000 in cash and the issuance of a warrant with an exercise price of $2.40 per share that is exercisable to purchase up to 22,500shares of common stock at the earlier of (a) the date on which the closing price of the common stock equals or exceeds $30.00 per share or (b) the six -monthanniversary of the warrant issuance date. The holders of the warrants we issued in August 2025 in settlement of outstanding secured indebtedness and trade payables are included among the Selling Stockholders included in this prospectus and we have registered an aggregate of 274,390shares of common stock issued or issuable upon the exercise of such warrants under the registration statement of which this prospectus forms a part. Such shares of common stock may be sold from time to time by such Selling Stockholders pursuant to this prospectus. Acquisition of Thinking Tree Spirits On February21, 2024, we completed the acquisition of Thinking Tree Spirits for a purchase price