Company: IPST
Filing Date: 2025-06-13
Form Type: S-1
Source: 0001641172-25-015121
Chunk: 331

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-06-13
Form: S-1
Chunk 331
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148 shares of common stock and 507,394 prepaid 
 warrants to purchase common stock (See Notes 5 and 14);                                                                             |

| * | The                                                                                                                         
 2023 Series — Convertible Whiskey Special Ops 2023 Notes and related warrants which were previously exchanged for 2,399,090 
 shares of common stock and 546,927 prepaid warrants to purchase common stock (See Notes 5 and 15);                          |

| * | The                                                                                                                                     
 $399,667 received from the two separate investors under the terms of the May 2024 and July 2024 factoring agreements, including accrued 
 fees and 66,549 related warrants, which was exchanged for an aggregate of 44,291 shares of Series A Preferred Stock and 24,978 warrants 
 to purchase shares of common stock at $4.00 per share (including $266,667 received from a related party, which was exchanged for        
 29,661 shares of Series A Preferred Stock, and 16,667 warrants). (See Notes 6 and 15.)                                                  |

| * | The                                                                                                                                
 $250,000 received from an investor under the terms of a July 2024 accounts receivable factoring agreement, including accrued fees, 
 which was exchanged for 27,700 shares of Series A Preferred Stock, including 15,625 warrants to purchase shares of common stock at 
 $4.00 per share. (See Notes 6 and 15.)                                                                                             |

In addition to the Common Warrants discussed above, pursuant to the Underwriting Agreement dated November 21, 2024, by and between the Company and the underwriters named therein (the “Representative”), the Company issued 84,377of Representative’s Warrants to the Representative with an initial exercise date on or after May 24, 2025, an exercise price of $ 4.00per share, and an expiration date of November 21, 2029.

Common stock— On October 31, 2023, the Company’s Board of Directors and shareholders increased the number of shares the Company is authorized to issue from 3,000,000shares to 10,000,000shares, including 9,500,000shares of common stock and 500,000shares of Founders Common Stock, par value of $ 0.0001per share (which Founders Common Stock had fourvotes per share). The key terms of the common stocks are summarized below:

Dividends— The holders