Company: IPST
Filing Date: 2025-10-16
Form Type: S-1/A
Source: 0001213900-25-099309
Chunk: 171

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-10-16
Form: S-1/A
Chunk 171
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 for $1,816,250 in cash, $851,628 in warrants with the remaining $1,124,889 to be recognized in the then current period (third quarter) statement of operations in the respective expense accounts to which the expenses were originally recorded; (iii)reduction of current liabilities, including the effect of: payment of $643,548 of accounts payable (in addition to the $3,792,767 of settled accounts payable discussed in (i) above) and $425,017 of accrued/deferred payroll; $157,311 of accrued taxes and related payroll taxes; $349,779 in reduced current lease liability resulting from the reduction of leased space in our Gig Harbor distribution warehouse and Tumwater warehouse; and reduction of $312,405 of other current liabilities. The reduction of current liabilities also includes the $1,700,000 current portion of the $10,382,438 Silverview Loan and the related $53,805 of current portion of accrued interest discussed in (i) above;

101 (iv)an aggregate of 10,525,357 shares of common stock sold to the investor subsequent to June 30, 2025 under the ELOC Purchase Agreement for aggregate gross proceeds to us of $4,087,161; (v)the exchange of 629,873 shares of Series B Preferred Stock that were convertible into 17,897,336 shares of common stock for (a) 894,856 shares of common stock; (b) warrants with an exercise price of $0.01 per share that are exercisable to purchase 8,948,676 shares of common stock at the earlier of (i) the date on which the common stock closes at $1.50 per share or higher during a regular trading day or (ii) the three-month anniversary of the warrant issuance date; and (c) warrants with an exercise price of $0.01 per share that are exercisable to purchase 8,053,804 shares of common stock at the earlier of (i) the date on which the common stock closes at $2.00 per share or higher during a regular trading day or (ii) the six-month anniversary of the warrant issuance date, all of which were exchanged in connection with the closing of our offering of Pre-funded Warrants. The exchange of Series B Preferred Stock for common stock and warrants is included in the pro forma balance sheet data below, with no net impact to total stockholders’ equity/(deficit) as the aggregate par value