Company: IPST
Filing Date: 2025-08-26
Form Type: S-1
Source: 0001213900-25-080839
Chunk: 254

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-08-26
Form: S-1
Chunk 254
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, 2023 through the date the warrant is exercised, and that will expire on April1, 2028; •Warrants to purchase up to 129,998shares of common stock with an exercise price equal to $4.00 per share and are subject to mandatory cashless exercise after June15, 2027 if the closing price of our common stock for a period of five consecutive trading days equals or exceeds $5.00 per share. These warrants are exercisable at any time unless such exercise would cause the holder to beneficially own more than 4.99% of our outstanding shares of common stock and expire on June15, 2029. •Warrants to purchase up to 852,399shares of common stock with an exercise price equal to $0.01 per share that are exercisable at any time unless such exercise would cause the holder to beneficially own more than 4.99% of our outstanding shares of common stock and expire on February21, 2030. 150 Pursuant to the terms of such warrants, except as otherwise noted above, the applicable exercise price of such warrants is subject to adjustment in the event of stock splits, combinations or the like of our common stock. Options As of August25, 2025, we had outstanding options to purchase an aggregate of 2,413 shares of our common stock with a weighted -averageexercise price of $157.89 per share that expire between June 2025 and November 2026, all of which were issued under the 2019 Plan. Restricted Stock Units As of August25, 2025, we had made awards of 2,527,500 restricted stock units under the 2024 Plan and 2,472,500shares remain authorized for issuance under the 2024 Plan. Limitation of Liability and Indemnification Matters Our second amended and restated certificate of incorporation, as amended, limits the liability of our directors for monetary damages for breach of their fiduciary duties, except for liability that cannot be eliminated under the Delaware General Corporation Law (“DGCL”). Consequently, our directors will not be personally liable for monetary damages for breach of their fiduciary duties as directors, except liability for any of the following: •any breach of their duty of loyalty to us or our stockholders; •acts or omissions not in good faith or that involve intentional misconduct or a knowing violation of law; •unlawful payments of dividends or unlawful stock repurchases, or redemptions as provided in Section