Company: IPST
Filing Date: 2025-08-26
Form Type: S-1
Source: 0001213900-25-080839
Chunk: 436

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-08-26
Form: S-1
Chunk 436
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 have been advised by outside counsel that the risk of a dissenter reopening the matter has passed or is nonmaterial. On June 15, 2024, we completed a private placement to six accredited investors of an aggregate of 183,000shares of our Series A Convertible Preferred Stock and warrants to purchase an aggregate of 91,500shares of common stock for an aggregate purchase price of $1,830,000, of which $675,000 was paid in cash and $1,155,000 was paid by the sale and transfer to us of an aggregate of 525 barrels of premium aged whiskey with an average value of $2,200 per barrel. In June 2024, the Option Committee of our Board of Directors awarded 232,025 restricted stock units to an aggregate of 36 employees, directors and consultants with a fair grant value of $4.00 per unit. Such restricted stock units were issued pursuant to our 2019 Equity Incentive Plan. Between June 15, 2024 and September 27, 2024, we completed a private placement to nine accredited investors of an aggregate of 494,840shares of our Series A Convertible Preferred Stock and warrants to purchase an aggregate of 197,013shares of common stock for an aggregate purchase price of $4,948,478 of which $2,025,000 was paid in cash, $1,155,000 was paid by the sale and transfer to us of an aggregate of 525 barrels of premium aged whiskey with an average value of $2,200 per barrel, $110,600 was paid by the sale and transfer to us of an aggregate of 50 barrels of premium aged whiskey with an average value of $2,212 per barrel, and $719,919 was paid to us by the cancellation of outstanding indebtedness. In November 2024, we completed a private placement to two accredited investors of an aggregate of 382,205 common warrants to purchase common stock with an exercise price of $0.01 per share. Such common warrants were sold for a purchase price of $3.99 per common warrant. Between January 2025 and July 7, 2025, we completed a private placement to 16 accredited investors of an aggregate of 756,854shares of our Series B Convertible Preferred Stock (Series B Preferred Stock”), with certain investors receiving an aggregate of: 852,399 warrants to purchase common stock at $0.01 per share (including 102,437 of such warrants