Company: IPST
Filing Date: 2025-10-16
Form Type: S-1/A
Source: 0001213900-25-099309
Chunk: 462

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-10-16
Form: S-1/A
Chunk 462
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5 and July 7, 2025, we sold in a private placement to 15 accredited investors of an aggregate of 756,854shares of our Series B Convertible Preferred Stock (Series B Preferred Stock”), with certain investors receiving warrants to purchase 852,399 shares of common stock at $0.01 per share for an aggregate purchase price of $7,568,557 of which: $2,916,810 was paid in cash; $4,092,567 was paid by the exchange of an aggregate of 284,140shares of Series A Preferred Stock and related warrants to purchase 116,263shares of common stock at $4.00 per share; $392,000 was paid by the exchange of pre -paidwarrants to purchase an aggregate of 700,000shares of common stock at $0.001 per share; and $167,180 was paid by the exchange of prepaid warrants to purchase 327,868shares of common stock at $0.001 per share. During the quarter ended June 30, 2025, we issued and sold an aggregate of 576,373shares of Series B Preferred Stock and warrants to purchase up to 733,192shares of common stock to accredited investors for aggregate gross proceeds of approximately $5,763,747. II-3 On August 18, 2025, we paid in full the approximately $12.6 million of principal and approximately $1.0 million of accrued interest and fees payable on our secured loan from Silverview Credit Partners LP by the payment to Silverview Credit Partners of approximately $7.0 million 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 that was exercisable to purchase an aggregate of 4,000,000shares of common stock at the earlier of (a) the date on which the closing price of our common stock equals or exceeds $1.00 per share or (b) the three -monthanniversary of the warrant issuance date. On September22, 2025, the warrant was cashlessly exercised for 3,960,000shares of common stock. Between July 30, 2025 and August 10, 2025, we settled approximately $2.8 million of trade payables by the payment of approximately $1.4 million in cash and the issuance of warrants with an exercise price of $0.01 per share that are exercisable to purchase an aggregate