Company: IPST
Filing Date: 2025-12-23
Form Type: 424B3
Source: 0001213900-25-125341
Chunk: 163

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-23
Form: 424B3
Chunk 163
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               | 308,612,299 |     |                    | 74,925,180 |     |   |  31,421,953 |   |
| Total Stockholders Equity/(Deficit)                     |     | $             | 420,432,396 |     | $                  |    791,767 |     | $ | (43,422,456 | ) |

On August 15, 2025, we sold in a private placement to institutional and accredited investors Pre -FundedWarrants to purchase an aggregate of 18,518,921shares of common stock at a purchase price of $12.084 per Pre -FundedWarrant, for an aggregate purchase price of $223.8 million, before deducting placement agent fees and other offering expenses. Of the total $223.8 million purchase price for the Pre -FundedWarrants, $35.5 million was paid in cash, $59.5 million was paid in the cryptocurrency stablecoin commonly referred to as USDC (“USDC”), based on a purchase price of $1.00 per USDC, and $128.8 million was paid in $IP Tokens, which were valued for purposes of such offering at (i) $5.2413 (representing a 20% discount from the closing price of $IP Tokens on August 8, 2025 as reported by CoinMarketCap.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 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. See “Issuance of Securities to Selling Stockholders — Private Placement of Pre -FundedWarrants” for additional information. In connection with the closing of our offering of Pre -FundedWarrants, we entered into exchange agreements with all but two holders of our Series B Preferred Stock pursuant to which we exchanged 629,873shares of Series B Preferred Stock that were convertible into 894,866shares of common stock for (i) 44,739shares of common stock; (ii) warrants with an exercise price of $0.20 per share that are