Company: IPST
Filing Date: 2025-01-27
Form Type: S-1
Source: 0001213900-25-006695
Chunk: 258

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-01-27
Form: S-1
Chunk 258
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 Company had shares
of common stock issued and outstanding. During the nine months ended September 30, 2024 and year ended December 31, 2023,
the Company repurchased and shares of common stock, respectively, and , and common stock warrants, respectively, were exercised.

In the second quarter of 2024, the Company’s
Board of Directors and shareholders took certain actions and approved amendments to the Company’s amended and restated certificate
of incorporation and bylaws in preparation for the Company’s initial public offering (which occurred subsequent to September 30,
2024, on November 25, 2024) (the “Actions and Amendments”). These Actions and Amendments, included, among other things:

| ● | filing a second amendment to the Company’s amended and restated certificate of incorporation on April 1, 2024, to increase               
 the Company’s authorized capital stock from 10,000,000 shares to 70,000,000 shares, including 69,500,000 shares of common stock          
 and 500,000 shares of Founders Common Stock. The increase in authorized shares included provision for the additional shares to be issued 
 with the Company’s anticipated 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.    |

F-27 Heritage Distilling Holding Company, Inc.
Notes to Condensed Consolidated Financial Statements
(unaudited) NOTE 9 — STOCKHOLDERS’ EQUITY (cont.) Contingent upon the consummation of the Company’s initial public offering (which occurred subsequent to September 30, 2024, on November 25, 2024), 65,891of the October 2023 prepaid warrants to purchase common stock were exercised into 65,891shares of common stock. Prepaid Warrants to Purchase Common Stock --In August 2024, certain holders of shares of common stock agreed to exchange an aggregate of 2,816,291shares 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