Company: IPST
Filing Date: 2025-08-26
Form Type: S-1
Source: 0001213900-25-080839
Chunk: 21

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-08-26
Form: S-1
Chunk 21
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 Stockholders pursuant to this prospectus. For additional information about the Series B Preferred Stock, see “Description of Capital Stock — Series B Convertible Preferred Stock” herein. Private Placement of Pre -Funded Warrants.On August 15, 2025, we sold in a private placement to institutional and accredited investors an aggregate of 370,378,890 pre -fundedwarrants (the “Pre -FundedWarrants”) to purchase shares of common stock at a purchase price of $0.6042 per Pre -FundedWarrant, for an aggregate purchase price of $223.8 million, before deducting placement agent fees and other offering expenses. Included among the purchasers in the offering were Story Foundation, which purchased Pre -FundedWarrants to purchase 107,781,820shares of Common Stock; Justin Stiefel, our Chairman and Chief Executive Officer, who purchased Pre -FundedWarrants to purchase 3,309,615shares of Common Stock; and Andrew Varga, a director of our company, who purchased Pre -FundedWarrants to purchase 300,000shares of Common Stock. Of the total $223.8 million purchase price for the Pre -FundedWarrants, $35.5 million was paid in cash, $59.5 million was paid in the cryptocurrency stablecoin commonly referred to as USDC (“USDC”), based on a purchase price of $1.00 per USDC, and $128.8 million was paid in $IP tokens, which were valued for purposes of such offering at (i) $5.2413 (representing a 20% discount from the closing price of $IP tokens on August 8, 2025 as reported by CoinMarketCap.com) in the case of the Story Core Contributors (as defined in the subscription agreements for the offering), (ii) $3.40 (representing an approximately 48% discount from the closing price of $IP tokens on August 8, 2025 as reported by CoinMarketCap.com) in the case of Story Foundation, or (iii) $6.5516 (the reported closing price of $IP tokens on August 8, 2025 as reported by CoinMarketCap.com) in the case of all other purchasers. The Pre -FundedWarrants issued in the offering are exercisable to purchase an aggregate of 370,378,890shares of common stock (the “Pre -FundedWarrant Shares”) at an exercise price of $0