Company: IPST
Filing Date: 2025-12-12
Form Type: S-1/A
Source: 0001213900-25-121277
Chunk: 348

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-12
Form: S-1/A
Chunk 348
---
 respectively were to a related party) with weighted-average remaining contractual terms of years, years, and years, respectively.

Whiskey Note Shareholder Warrants — On April 1, 2025, the Company issued warrants with an expiration date of April 1, 2028 to purchase shares of common stock with an exercise price of $ per share to common shareholders of record who acquired their common stock through the exchange of Whiskey Notes and whose shares were subject to 100% lockup for post-IPO, (the “Whiskey Note Shareholder Warrants”). The Whiskey Note Shareholder Warrants will be exercisable if the warrant holder continuously holds all shares of common stock such holder owned on the date of the Company’s IPO through the date the warrant is exercised, and then only if the common stock attains a specified volume weighted average price of $ per share (“VWAP”) over a -trading-day period (the “10-Trading-Day VWAP”) before expiring. The Company recorded the fair value of the Whiskey Note Shareholder Warrants of $ in the nine months ended September 30, 2025 based on a Black Scholes option pricing model and Monte Carlo simulation analysis.

Other equity classified warrants — During the nine months ended September 30, 2025 and 2024, the Company issued a total of and warrants, respectively, including: and warrants to purchase common stock at $ per share issued in connection with the issuance of Series B Preferred Stock (of which, and were to a related party); and Whiskey Note Shareholder Warrants to purchase common stock at $ per share; and, and Commitment Warrants to purchase common stock at $ per share issued in connection with the ELOC Agreement (that were exercised in February, 2025).

In addition to the Contingent Legacy Shareholder Warrants discussed above, during the year ended December 31, 2024, the Company issued a total of equity classified warrants, including: warrants at $ per share in conjunction with July 2024 accounts receivable factoring agreement; Underwriter Warrants in conjunction with the Company’s initial public offering; and, warrants to purchase common stock (of which, were to a related party) in connection with the issuance of Series A Preferred Stock. Upon the November 25, 2024 initial public offering at $ per share, the warrants at $ per share were recalculated and reissued as warrants at $ per share (and the related party warrants at $ per share were recalculated a