Company: IPST
Filing Date: 2025-10-16
Form Type: S-1/A
Source: 0001213900-25-099309
Chunk: 329

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-10-16
Form: S-1/A
Chunk 329
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 price of $ 6.00per share as part of the Series A Preferred Stock subscriptions (the “$ 6.00Warrants”) (of which 321,026of the $ 6.00Warrants were issued to a related party). In September 2024, the 510,315$ 6.00Warrants (including 321,026$ 6.00Warrants from a related party) were exchanged for 93,789shares of Series A Preferred Stock that did not include any related warrants (including 59,001shares of Series A Preferred Stock that did not include any related warrants for a related party). The value assigned to the $ 6.00Warrants exchanged for Series A Preferred Stock that did not include any warrants was negotiated to be $ 937,959(including $ 590,045from a related party), or $ 1.838per $ 6.00Warrant using a Black -ScholesValuation model with a then estimated IPO stock price of $ 5.00per share and exercise price of $ 6.00per share. The Company allocated the net proceeds between the warrants and the Series A Preferred Stock using the relative fair value method. In connection with the $ 4,948,478of Series A Preferred Stock, the Company also issued 197,013warrants to purchase common stock at the lesser of $ 5.00per share or the price per share at which the common stock is sold in the Company’s initial public offering (of which 60,563of the $ 5.00Warrants were issued to a related party). Upon the November 25, 2024 initial public offering at $ 4.00per share, the 197,013warrants at $ 5.00per share were recalculated and reissued as 246,267warrants at $ 4.00per share (and the 60,563related party warrants at $ 5.00per share were recalculated and reissued as 75,705warrants at $ 4.00per share). F-28 Heritage Distilling Holding Company, Inc.
Notes to Condensed Consolidated Financial Statements
(unaudited) NOTE 7 — STOCKHOLDERS’ EQUITY/(DEFICIT) (cont.) In consideration of purchases of Series B Preferred Stock by certain Series A Preferred Stock holders, on May 1, 2025, an aggregate of 284,140outstanding shares of