Company: IPST
Filing Date: 2025-12-12
Form Type: S-1/A
Source: 0001213900-25-121277
Chunk: 404

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-12
Form: S-1/A
Chunk 404
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 2024 and July 2024 factoring agreements, including accrued fees and 312related warrants was exchanged for an aggregate of 44,291shares of Series A Preferred Stock and 19,983warrants to purchase shares of common stock at the lesser of $ 100per share or the price per share at which the common stock is sold in the Company’s initial public offering. (Including $ 266,667received from a related party, which was exchanged for 29,661shares of Series A Preferred Stock, and 666warrants.) Upon the November 25, 2024 initial public offering at $ 80.00per share, the 19,983warrants at $ 100per share were recalculated and reissued as 24,978warrants at $ 80.00per share (and the 666related party warrants at $ 100per share were recalculated and reissued as 16,666 warrants at $ 80.00per share). (See Note 15.) In July 2024, the Company raised an additional $ 250,000from an investor under the terms of a July 2024 accounts receivable factoring arrangement. The Company issued 83,333 five yearwarrants to purchase common stock at $ 6.00per share in conjunction with the July 2024 accounts receivable factoring arrangement (which remain outstanding, and are not subject to split in accordance with the respective warrant agreement). As of September 2024, the Company recorded a total liability of $ 277,000(including $ 27,000of fees) related to this July 2024 factoring agreement, which was exchanged for 27,700shares of Series A Preferred Stock, including 12,500warrants to purchase shares of common stock at the lesser of $ 100per share or the price per share at which the common stock is sold in the Company’s initial public offering. Upon the November 25, 2024 initial public offering at $ 80.00per share, the 12,500warrants at $ 100per share were recalculated and reissued as 15,625warrants at $ 80.00per share. F-80

Heritage Distilling Holding Company, Inc.
Notes to Consolidated Financial Statements NOTE 6 — BORROWINGS (cont.)

As of December 31, 2024, the principal repayments of the Company’s debt measured on an amortized basis of $ will be due