Company: IPST
Filing Date: 2025-08-26
Form Type: S-1
Source: 0001213900-25-080839
Chunk: 390

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-08-26
Form: S-1
Chunk 390
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 at any time that the respective holder beneficially owns a number of shares of common stock that is less than 9.99% of the Company’s outstanding shares of common stock for a number of shares that would cause the holder to beneficially own 9.99% of the Company’s outstanding shares of common, and having no expiration date. As of December 31, 2024, 3,871,992 of the pre -paidwarrants remained outstanding. The following sets forth the outstanding prepaid warrants and common warrants for the years ended December 31, 2024 and 2023:

| Balance December 31, 2022                                                                 
 Conditional issuance of Prepaid Warrants from Exchange of 2022 and 2023 Convertible Notes |     |   Prepaid 
  Warrants 
         — 
   507,394 |   |     |   Common 
 Warrants 
        — |
|:------------------------------------------------------------------------------------------|:----|----------:|:--|:----|---------:|
| Balance December 31, 2023                                                                 |     |   507,394 |   |     |        — |
| Conditional Issuance of Prepaid Warrants from Exchange of Whiskey Notes                   |     |   546,927 |   |     |        — |
| Conditional Issuance of Prepaid Warrants in Exchange for Common Stock                     |     | 2,816,291 |   |     |        — |
| Exercise of Prepaid Warrants in Exchange for Common Stock                                 |     |  (698,619 | ) |     |        — |
| Issuance of Prepaid Warrants for Common Stock                                             |     |   700,001 |   |     |        — |
| November 25, 2024 Private Placement of Common Warrants                                    |     |         — |   |     |  382,205 |
| Balance December 31, 2024                                                                 |     | 3,871,992 |   |     |  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. Subsequent to December 31, 2024, through April 28, 2025: 1,252,559 Prepaid Warrants (with an exercise price of $0.001 each) were exercised cashlessly for 1,250,777shares of common stock;