Company: IPST
Filing Date: 2025-12-23
Form Type: 424B3
Source: 0001213900-25-125341
Chunk: 251

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-23
Form: 424B3
Chunk 251
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 IHSV, LLC, a company owned and controlled by Justin Stiefel, our Chairman and Chief Executive Officer, which purchased Pre -FundedWarrants to purchase 165,480shares of common stock, and Andrew Varga, a director of our company, who purchased Pre -FundedWarrants to purchase 15,000shares of common stock. Such sales of Pre -FundedWarrants were on the same terms and conditions as the sales to all other investors in the offering. 149 DESCRIPTION OF CAPITAL STOCK The following is a summary of the rights of our common stock, certain provisions of our second amended and restated certificate of incorporation, as amended, and our amended and restated bylaws and applicable law. This summary does not purport to be complete and is qualified in its entirety by the provisions of our second amended and restated certificate of incorporation, as amended, and amended and restated bylaws, copies of which have been filed as exhibits to the registration statement of which this prospectus is a part. Our authorized capital stock consists of 995,000,000 shares of capital stock, of which 985,000,000shares are common stock, par value $0.0001 per share, and 10,000,000 shares are preferred stock, par value $0.0001 per share, of which 500,000shares have been designated Series A Convertible Preferred Stock and 850,000shares have been designated Series B Convertible Preferred Stock. Common Stock Voting, Dividend and Other Rights.Each outstanding share of common stock entitles the holder to one vote on all matters presented to the shareholders for a vote. Holders of shares of common stock have no cumulative voting, pre -emptive, subscription or conversion rights. All shares of common stock to be issued pursuant to this registration statement will be duly authorized, fully paid and non -assessable. Our board of directors determines if and when distributions may be paid out of legally available funds to the holders. To date, we have not declared any dividends with respect to our common stock. Our declaration of any cash dividends in the future will depend on the determination of our board of directors as to whether, considering our earnings, financial position, cash requirements and other relevant factors existing at the time, it appears advisable to do so. We do not anticipate paying cash dividends on the common stock in the foreseeable future. Rights Upon Liquidation.Upon liquidation, subject to the right of any holders of preferred stock to receive preferential distributions, each outstanding