Company: IPST
Filing Date: 2025-12-19
Form Type: S-1/A
Source: 0001213900-25-123872
Chunk: 119

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-19
Form: S-1/A
Chunk 119
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, and we have registered under the registration statement of which this prospectus forms a part an aggregate of 19,877,659shares of common stock issued to such Selling Stockholders or issuable to such Selling Stockholders upon exercise of the Pre -FundedWarrants, Placement Agent Warrants or Advisory Warrants or upon settlement of such restricted stock units. Such shares of common stock may be sold from time to time by such Selling Stockholders pursuant to this prospectus. Purchase, Sale and Exchange of Series B Preferred Stock Between January 23, 2025 and July 7, 2025, we sold in a private placement to 15 accredited investors an aggregate of 756,854shares of Series B Preferred Stock, with certain investors receiving warrants to purchase an aggregate of 42,619shares of common stock for $0.20 per share. We received aggregate gross proceeds of $7,568,557 from the sale of Series B Preferred Stock, of which: $2,916,810 for 291,681shares of Series B Preferred Stock was from cash investors; $4,092,567 for 409,256shares of Series B Preferred Stock was from the exchange of 284,140shares of Series A Preferred Stock and related warrants to purchase 3,785shares of common stock at $80.00 per share; $392,000 (for 39,200shares of Series B Preferred Stock with an adjusted conversion price of $9.472 per share of common stock) was from the exchange of prepaid warrants to purchase 35,000shares of common stock at a VWAP of $11.20 per prepaid warrant; and $167,180 (for 16,717shares of Series B Preferred Stock with a conversion price of $10.20 per share of common stock) was from the exchange of prepaid warrants for the purchase of 16,393shares of common stock at a VWAP of $11.20 per prepaid warrant. The 756,854shares of Series B Preferred Stock had conversion prices ranging from $9.472 per share to $22.40 per share and a weighted average conversion price of $9.57 per share. Each share of Series B Preferred Stock had a purchase price of $10.00 per share and a stated value of $12.00 per share, required the payment of dividends at the rate of 15% per annum of the stated value (or $1.80 per share), and was convertible by the holder at any time following the 180 th