Company: IPST
Filing Date: 2025-12-23
Form Type: 424B3
Source: 0001213900-25-125341
Chunk: 13

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-23
Form: 424B3
Chunk 13
---
.com) in the case of the Story Core Contributors (as defined in the subscription agreements for the offering), (ii) $3.40 (representing an approximately 48% discount from the closing price of $IP 5 Tokens on August 8, 2025 as reported by CoinMarketCap.com) in the case of Story Foundation, or (iii) $6.5516 (the reported closing price of $IP Tokens on August 8, 2025 as reported by CoinMarketCap.com) in the case of all other purchasers. The Pre -FundedWarrants issued in the offering were originally exercisable to purchase an aggregate of 18,518,921shares of common stock (the “Pre -FundedWarrant Shares”) at an exercise price of $0.002 per share. Following receipt of the approval by our stockholders of the issuance of the Pre -FundedWarrants and Pre -FundedWarrant Shares upon exercise thereof, on September18, 2025, Pre -FundedWarrants to purchase an aggregate of 7,180,833 Pre -FundedWarrant Shares were exercised to acquire such shares. The remaining 11,338,110 Pre -FundedWarrants outstanding are exercisable in cash or by means of a cashless exercise and will not expire until the date the Pre -FundedWarrants are fully exercised. The exercise price of the Pre -FundedWarrants is subject to adjustment for stock dividends, stock splits, recapitalizations and the like. A holder (together with its affiliates) may not exercise any portion of a Pre -FundedWarrant to the extent that the holder would own more than 4.99% of our outstanding common stock immediately after exercise (the “Beneficial Ownership Limitation”), except that upon at least 61 days’ prior notice from the holder to us, the holder may increase the amount of ownership of outstanding stock after exercising the holder’s Pre -FundedWarrants up to 19.99% of the number of shares of common stock outstanding immediately after giving effect to the exercise, as such percentage ownership is determined in accordance with the terms of the Pre -FundedWarrants. As a result of the approval of the offering of Pre -FundedWarrants by our stockholders on September18, 2025, a holder of Pre -FundedWarrants may now request the permanent suspension of the Beneficial Ownership Limitation from such holder’s Pre -FundedWarrants. We received net