Company: IPST
Filing Date: 2025-12-23
Form Type: 424B3
Source: 0001213900-25-125341
Chunk: 11

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-23
Form: 424B3
Chunk 11
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 of Series B Preferred Stock.Including the shares of Series B Preferred Stock sold to the ELOC Investor under the ELOC Purchase Agreement as discussed above, between January23, 2025 and July7, 2025, we sold in a private placement to 15 accredited investors an aggregate of 756,854shares of Series B Preferred Stock, with certain investors receiving warrants to purchase an aggregate of 42,619shares of common stock for $0.20 per share. We received aggregate gross proceeds of $7,568,557 from the sale of Series B Preferred Stock, of which: $2,916,810 for 291,681shares of Series B Preferred Stock was from cash investors; $4,092,567 for 409,256shares of Series B Preferred Stock was from the exchange of 284,140shares of Series A Preferred Stock and related warrants to purchase 3,785shares of common stock at $80.00 per share; $392,000 (for 39,200shares of Series B Preferred Stock with an adjusted conversion price of $9.472 per share of common stock) was from the exchange of prepaid warrants to purchase 35,000shares of common stock at a VWAP of $11.20 per prepaid warrant; and $167,180 (for 16,717shares of Series B Preferred Stock with a conversion price of $10.20 per share of common stock) was from the exchange of prepaid warrants to purchase 16,393shares of common stock at a VWAP of $11.20 per prepaid warrant. The 756,854shares of Series B Preferred Stock had conversion prices ranging from $9.47 per share to $22.40 per share and a weighted average conversion price of $9.57 per share. In connection with the closing of our offering of Pre -FundedWarrants discussed below, we entered into exchange agreements with all but two holders of our Series B Preferred Stock pursuant to which we exchanged 629,873shares of Series B Preferred Stock that were convertible into 894,866shares of common stock for (i) 44,742shares of common stock; (ii) warrants with an exercise price of $0.20 per share that are exercisable to purchase an aggregate of 447,433shares of common stock at the earlier of (a) the date on which the public market price of our common stock closes at $30.00 per share or higher during a regular trading day or (b) the three -monthanniversary