Company: IPST
Filing Date: 2025-12-12
Form Type: S-1/A
Source: 0001213900-25-121277
Chunk: 321

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-12
Form: S-1/A
Chunk 321
---
 Tokens, which provides that cost basis accounting be used rather than fair value accounting. At a Special Meeting of Stockholders held on September 18, 2025, the Company’s stockholders approved all of the proposals on the agenda related to the PIPE, including: •the issuance of the Pre -FundedWarrants and shares of common stock upon the exercise of the Pre -FundedWarrants; •the issuance of shares of common stock, restricted stock unit awards, and shares of common stock upon the exercise of warrants issued pursuant to advisory agreements between certain advisors and the Company related to the PIPE transaction discussed above; and, •an amendment to the Company’s Second Amended and Restated Certificate of Incorporation, as amended, to increase the number of authorized shares of capital stock from 495,000,000shares to 995,000,000shares.

F-27 Heritage Distilling Holding Company, Inc.
Notes to Condensed Consolidated Financial Statements
(unaudited) NOTE 7 — PRIVATE PLACEMENT OF COMMON STOCK (PRIVATE INVESTMENT IN PUBLIC EQUITY (“PIPE”) AND INTANGIBLE DIGITAL ASSETS (cont.) In connection with the closing of the offering of Pre -FundedWarrants, the Company entered into exchange agreements with all but one holder of the Company’s Series B Preferred Stock. See Series B Preferred Stock below. Included among the purchasers in the PIPE were the Story Foundation, who purchased Pre -FundedWarrants to purchase 5,389,091shares of common stock; Justin Stiefel, Chairman and Chief Executive Officer of the Company, who purchased Pre -FundedWarrants to purchase 165,480shares of common stock; and Andrew Varga, a director of the Company, who purchased Pre -FundedWarrants to purchase 15,000shares of common stock. Under terms of the PIPE, the Company would use: (a) up to $ 4.0million of the net proceeds from the PIPE for general corporate purposes initiated after the closing, (b) up to $ 0.6million for pre -existingworking capital commitments or obligations, and (c) at least $ 80.0million to purchase $IP Tokens from Story Foundation at a price per $IP Token of $ 3.40(as discussed below). The balance of the net proceeds were used to purchase or otherwise acquire $IP Tokens and for the establishment of the Company’s cryptocurrency treasury operations to the extent consistent with the Company’s investment policy as amended or otherwise modified from time to