Company: IPST
Filing Date: 2025-06-23
Form Type: 424B3
Source: 0001641172-25-015954
Chunk: 197

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-06-23
Form: 424B3
Chunk 197
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 up to 1,563,615 shares of common stock issuable upon the exercise of warrants that will be exercisable, if at all, when 
 the VWAP of our common stock over a 10-trading-day period reaches $20.00 per share, provided the warrant holder continuously holds  
 the shares such holder owned on May 31, 2023 through the date the warrant is exercised, and that will expire on November 25, 2029;  |

| ● | Warrant                                                                                                                              
 to purchase up to 884,159 shares of common stock issuable upon the exercise of warrants that will be exercisable, if at all, when    
 the VWAP of our common stock over a 10-trading-day period reaches $8.00 per share, provided the warrant holder continuously holds    
 the shares such holder acquired after May 31, 2023 through the date the warrant is exercised, and that will expire on April 1, 2028; |

| ● | Warrants                                                                                                                               
 to purchase up to 129,998 shares of common stock with an exercise price equal to $4.00 per share and are subject to mandatory cashless 
 exercise after June 15, 2027 if the closing price of our common stock for a period of five consecutive trading days equals or exceeds  
 $5.00 per share. These warrants are exercisable at any time unless such exercise would cause the holder to beneficially own more       
 than 4.99% of our outstanding shares of common stock and expire on June 15, 2029.                                                      |

| ● | Warrants                                                                                                                             
 to purchase up to 911,225 shares of common stock with an exercise price equal to $0.01 per share that are exercisable at any time    
 unless such exercise would cause the holder to beneficially own more than 4.99% of our outstanding shares of common stock and expire 
 on February 21, 2030.                                                                                                                |

Pursuant to the terms of such warrants, except as otherwise noted above, the applicable exercise price of such warrants is subject to adjustment in the event of stock splits, combinations or the like of our common stock.

Options

As of May 29, 2025, we had outstanding options to purchase an aggregate of 6,011 shares of our common stock with a weighted-average exercise price of $157.89 per share that expire between June 2025 and November 2026, all of which were issued under the 201