Company: IPST
Filing Date: 2025-10-16
Form Type: S-1/A
Source: 0001213900-25-099309
Chunk: 334

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-10-16
Form: S-1/A
Chunk 334
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 stock closes at $ 1.50per share or higher during a regular trading day or (b) on the three -monthanniversary of the warrant issuance date; and (iii) warrants with an exercise price of $ 0.01per share that are exercisable to purchase an aggregate of 8,053,804shares of common stock at the earlier of (a) the date on which our common stock closes at $ 2.00per share or higher during a regular trading day or (b) on the six -monthanniversary of the warrant issuance date. Of the shares of Series B Preferred Stock that was exchanged for common stock and warrants, 299,543shares of Series B Preferred Stock that were convertible into 8,635,864shares of common stock were exchanged by a related party for (i) 431,791shares of common stock; (ii) warrants with an exercise price of $ 0.01per share that are exercisable to purchase an aggregate of 4,317,934shares of common stock at the earlier of (i) the date on which our common stock closes at $ 1.50per share or higher during a regular trading day or (ii) on the three -monthanniversary of the warrant issuance date; and (iii) warrants with an exercise price of $ 0.01per share that are exercisable to purchase an aggregate of 3,886,139shares of common stock at the earlier of (i) the date on which our common stock closes at $ 2.00per share or higher during a regular trading day or (ii) on the six -monthanniversary of the warrant issuance date. (See Note 14.) F-30

Heritage Distilling Holding Company, Inc.
Notes to Condensed Consolidated Financial Statements
(unaudited) NOTE 7 — STOCKHOLDERS’ EQUITY/(DEFICIT) (cont.)

Stock options — The Company’s 2018 Equity Incentive Plan was approved by the HDC Board and the HDC shareholders in March 2018. On April 27, 2019, in anticipation of the Company’s reorganization on May 1, 2019, the HDHC Board and the HDHC sole stockholder approved HDHC’s 2019 Equity Incentive Plan (the “2019 Plan”). Upon the closing of the Company’s initial public offering (which occurred on November 25, 2024), the 2024 Equity Incentive Plan (