Company: IPST
Filing Date: 2025-12-19
Form Type: S-1/A
Source: 0001213900-25-123872
Chunk: 361

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-19
Form: S-1/A
Chunk 361
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 (the “Minimum Bid Price Requirement”), as the Company’s closing bid price for its common stock was below $ 1.00per share for the prior thirty ( 30) consecutive business days. Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has been granted a 180 -calendarday compliance period, or until October 13, 2025 (the “Compliance Period”), to regain compliance with the Minimum Bid Price Requirement. During the compliance period, the Company’s shares of Common Stock will continue to be listed and traded on the Nasdaq Capital Market. If at any time during the Compliance Period, the bid price of the Common Stock closes at or above $ 1.00per share for a minimum of ten (10) consecutive business days, Nasdaq will provide the Company with written confirmation of compliance with the Minimum Bid Price Requirement and the matter will be closed. On October 13, 2025, the Company sought out a second 180 -calendarday compliance period. Nasdaq approved that request on October 14, 2025. On November 5, 2025, the Company effectuated a 1 -for-20reverse stock split of the Company’s common stock, which resulted in the stock exceeding the mini bid price and bringing the Company into compliance. Assuming the closing price of the stock stays above the $ 1.00Minimum Bid Price Requirement for the 10consecutive trading days following the November 5, 2025 reverse split effective date, the Company is expected to regain compliance with the Nasdaq listing rule. If the Company were to again fall out of compliance with a Nasdaq listing requirement Nasdaq will provide notice that the Common Stock will be subject to delisting from the Nasdaq Capital Market. At that time, the Company may appeal any such delisting determination to a Nasdaq hearings panel. (See Notes 1 and 16.) Management Fee —The Company is required to pay a monthly management fee to Summit Distillery, Inc (see Note 13). NOTE 12 — RETIREMENT PLANS The Company sponsors a traditional 401(k), Roth 401(k) and profit -sharingplan (the “Plan”), in which all eligible employees may participate after completing 3 months of employment. No contributions have been made by the Company during the nine months ended September 30, 2025 and 2024. F-46 Heritage Distilling Holding Company, Inc.
Notes to Condensed Consolidated Financial Statements