Company: IPST
Filing Date: 2025-05-30
Form Type: PRE 14A
Source: 0001788230-25-000100
Chunk: 49

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-05-30
Form: PRE 14A
Chunk 49
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  “FOR” THE SPA SHARE ISSUANCE PROPOSAL. |

| HERITAGE DISTILLING HOLDING COMPANY, INC. |     | 31 |     | 2025 Proxy Statement |

#### PROPOSAL SIX - AUTHORIZED SHARE PROPOSAL
Approval of an Amendment to the Certificate of Incorporation to Increase the Company's Authorized Shares

Our stockholders are being asked to approve an amendment to our Certificate of Incorporation to increase the number of our authorized shares of capital stock. On May 30, 2025, our Board approved a proposal to amend the Certificate of Incorporation to increase the number of our authorized shares of capital stock from 75,000,000 shares to [________] shares, of which [________] will be shares of common stock and [________] will be shares of preferred stock (the “Share Increase”).

Form of the Share Increase Amendment

The proposed amendment (the “Share Increase Amendment”) would only amend Article Four of our Certificate of Incorporation to read in its entirety as follows:

“The Corporation is authorized to issue two classes of stock to be designated, respectively, " Common Stock " and " Preferred Stock ." The total number of shares of capital stock that the Corporation shall have authority to issue is [________]. The total number of shares of Common Stock that the Corporation is authorized to issue is [________], having a par value $0.0001 per share, and the total number of shares of Preferred Stock that the Corporation is authorized to issue is [________], having a par value $0.0001 per share.”

BACKGROUND AND REASONS FOR THE SHARE INCREASE

The Certificate of Incorporation currently authorizes the issuance of up to 75,000,000 shares of capital stock, including 70,000,000 shares of common stock and 5,000,000 shares of preferred stock. As of the Record Date, there were 500,000 shares designated as Series A Preferred Stock and 800,000 shares designated as Series B Preferred Stock. As of the close of business on the Record Date, there were 12,050,386 shares of common stock issued and outstanding, excluding the following as of such date: (a) up to an aggregate of 6,207,332 shares of common stock issuable upon exercise of our outstanding common stock purchase warrants (including, but are not limited to: (a) an aggregate of 7,530,757 shares of outstanding warrants, (b) up to an aggregate of 724,018 shares