Company: IPST
Filing Date: 2025-06-23
Form Type: 424B3
Source: 0001641172-25-015954
Chunk: 328

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-06-23
Form: 424B3
Chunk 328
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 Distilling Holding Company, Inc.

Notes to Consolidated Financial Statements</div>

NOTE 9 — STOCKHOLDERS’ EQUITY / (DEFICIT)(cont.)

In the second quarter of 2024, the Company’s Board of Directors and shareholders took certain actions and approved amendments to the Company’s amended and restated certificate of incorporation in preparation for the Company’s initial public offering (which occurred on November 25, 2024) (the “Actions and Amendments”). These Actions and Amendments, included, among other things:

| ● | filing                                                                                            
 a second amendment to the Company’s amended and restated certificate of incorporation             
 on April 1, 2024, to increase the Company’s authorized capital stock from 10,000,000              
 shares to 70,000,000 shares, including 69,500,000 shares of common stock and 500,000 shares       
 of Founders Common Stock. The increase in authorized shares included provision for the additional 
 shares to be issued with the Company’s anticipated IPO, including those discussed in              
 the following paragraphs, and other future equity activities not yet known.                       |

| ● | filing                                                                                    
 a third amendment to the Company’s amended and restated certificate of incorporation      
 on May 14, 2024, to further increase the Company’s authorized capital stock to 75,000,000 
 shares, including 5,000,000 shares of preferred stock.                                    |

Prepaid Warrants to Purchase Common Stock— In August 2024, certain holders of shares of common stock agreed to exchange an aggregate of 2,816,291 shares of their common stock into a like number of pre-paid warrants. Such pre-paid warrants will be eligible for exercise without the payment of additional consideration at any time that the respective holder beneficially owns a number of shares of common stock that is less than 9.99% of the Company’s outstanding shares of common stock for a number of shares that would cause the holder to beneficially own 9.99% of the Company’s outstanding shares of common, and having no expiration date. As of December 31, 2024, 3,871,992 of the pre-paid warrants remained outstanding.

The following sets forth the outstanding prepaid warrants and common warrants for the years ended December 31, 2024 and 2023:

SCHEDULE OF OUTSTANDING PREPAID WARRANTS AND COMMON WARRANTS

| Balance December 31, 2022                                                                 
 Conditional issuance of Prepaid Warrants from