Company: IPST
Filing Date: 2025-10-16
Form Type: S-1/A
Source: 0001213900-25-099309
Chunk: 464

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-10-16
Form: S-1/A
Chunk 464
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 17,002,480shares of common stock with an exercise price of $0.01 per share. In anticipation of the offering of Pre -FundedWarrants, between June19, 2025 and August10, 2025, we entered into advisory and implementation agreements (the “Advisory Agreements”) with certain advisors to our company (collectively, the “Advisors”), pursuant to which the Advisors will provide to us certain consulting, strategy and business development services related to our establishment of a treasury function in certain non -securitycryptocurrencies, including $IP tokens. Pursuant to the Advisory Agreements, in consideration for the advisory services of the Advisors, we issued to certain Advisors an aggregate of 6,477,092shares of common stock, we issued to one Advisor restricted stock units to acquire 2,500,000shares of common stock subject to vesting and we issued to the Advisors warrants to purchase up to an aggregate of 17,500,000shares of common stock for a purchase price of $0.01 per share, with each warrant subject to vesting, forfeiture and such other terms as are set forth therein. On August18, 2025, we paid in full the approximately $12.6million of principal and approximately $1.0million of accrued interest and fees payable on a secured loan by the payment of approximately $7.0million of the net proceeds of the sale of the Pre -FundedWarrants and the issuance of a warrant with an exercise price of $0.01 per share for the purchase of 4,000,000shares of common stock, which warrant was subsequently exercised on a cashless basis for the purchase of 3,960,000shares of common stock. Between July30, 2025 and August10, 2025, we settled approximately $2.8million of trade payables by the payment of approximately $1.4million in cash and the issuance of warrants with an exercise price of $0.01 per share that are exercisable to purchase an aggregate of 1,077,820shares of common stock. On August10, 2025, we settled a trade payable in the amount of $1.0million by the payment of $450,000 in cash and the issuance of a warrant with an exercise price of $0.12 per share that is exercisable to purchase up to 450,000shares of common stock. The offers, sales and issuances of securities listed above were deemed exempt