Company: IPST
Filing Date: 2025-10-16
Form Type: S-1/A
Source: 0001213900-25-099309
Chunk: 170

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-10-16
Form: S-1/A
Chunk 170
---
 tokens and for the establishment of our cryptocurrency treasury operations to the extent consistent with our investment policy as amended or otherwise modified from time to time. See also (2)(vi) below; and (iv)$40,692,647 representing gain from the August 18, 2025 purchase of $99,692,647 of $IP tokens for $59,000,000 in USDC tokens subsequent to the offering of Pre-Funded Warrants at a price per $IP token of $3.40 compared to the market price of $5.745 per $IP token (as part of our agreement to use at least $80.0 million of net proceeds of the offering of Pre-Funded Warrants to purchase $IP tokens from Story Foundation at a price per $IP token of $3.40). The balance of the net proceeds will be used to purchase or otherwise acquire $IP tokens and for the establishment of our cryptocurrency treasury operations to the extent consistent with our investment policy as amended or otherwise modified from time to time. See also (2)(vi) below. (2)Pro forma balance sheet data presented above includes: (i)$65,132,553 invested by Story Foundation (of which $8,236,834 was in $IP tokens and $56,895,720 was in USDC) to purchase Pre-Funded Warrants; and $158,687,396 from additional investors, including: cash contributions of $35,462,166; $IP tokens of $71,924,230; and, contributions of $51,301,000 in the cryptocurrency stablecoin commonly referred to as USDC (“USDC”), then net of $5,123,112 in underwriting fees and expenses. See “Recent Developments” for additional information; (ii)the negotiated settlements with the secured and unsecured creditors of: a) $10,382,438 of our secured note payable (the Silverview Loan) as of June 30, 2025 ($12,620,345 as of August 7, 2025, including settlement fees and expenses of $1,016,688 and accrued interest of $1,221,219) negotiated to be settled for $7,046,094 in cash, $2,963,624 of warrants with the remaining $2,610,627 recognized as a gain on settlement in retained earnings; and, b) an aggregate of $3,792,767 of our unsecured accounts payable as of June 30, 2025 settled