Company: IPST
Filing Date: 2025-05-07
Form Type: POS AM
Source: 0001641172-25-009076
Chunk: 254

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-05-07
Form: POS AM
Chunk 254
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 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 |
| Ending Balance                                                                            |     |                  | 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: 1,252,559Prepaid Warrants (with an exercise price of $ 0.001each) were exercised cashlessly for 1,250,777shares of common stock; and 700,000prepaid warrants were exchanged for 39,200shares of Series B Preferred Stock, leaving 1,919,433prepaid warrants remaining outstanding. (Subsequent to December 31, 2024, through April 28, 2025, the related party exercised 1,117,559prepaid warrants (with an exercise price of $ 0.001each) cashlessly for 1,115,909shares of common stock, leaving 1,203,783prepaid warrants outstanding.)

| F-32 |

Heritage Distilling Holding Company, Inc.

Notes to Consolidated Financial Statements

NOTE 9 — STOCKHOLDERS’ EQUITY / (DEFICIT)(cont.)

Preferred stock — Series A— In May 2024, the Company’s Board of Directors and Shareholders approved an offering of Series A Convertible Preferred Stock of up to $ 5,000,000, of which $ 4,948,478was issued and outstanding and $ 0remained available for issuance as of December 31, 2024 (as the offering was closed prior to the Company’s