Company: IPST
Filing Date: 2025-05-12
Form Type: 424B3
Source: 0001641172-25-009684
Chunk: 252

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-05-12
Form: 424B3
Chunk 252
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 IPO, including those discussed in              
 the following paragraphs, and other future equity activities not yet known.                       |

| ● | filing                                                                                    
 a third amendment to the Company’s amended and restated certificate of incorporation      
 on May 14, 2024, to further increase the Company’s authorized capital stock to 75,000,000 
 shares, including 5,000,000 shares of preferred stock.                                    |

Prepaid Warrants to Purchase Common Stock— In August 2024, certain holders of shares of common stock agreed to exchange an aggregate of 2,816,291 shares of their common stock into a like number of pre-paid warrants. Such pre-paid warrants will be eligible for exercise without the payment of additional consideration 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-paid warrants remained outstanding.

The following sets forth the outstanding prepaid warrants and common warrants for the years ended December 31, 2024 and 2023:

SCHEDULE OF OUTSTANDING PREPAID WARRANTS AND COMMON WARRANTS

| 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 |   |     |                 |       — |
| Beginning Balance                                                                         |     |                  |   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