Company: IPST
Filing Date: 2025-12-19
Form Type: S-1/A
Source: 0001213900-25-123872
Chunk: 339

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-19
Form: S-1/A
Chunk 339
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2028, i.e., the expiry of the -month period commencing on the date of the ELOC Purchase Agreement, (ii) the date on which the ELOC Investor has purchased the Maximum Commitment Amount (the “Commitment Period”), or (iii) an earlier date mutually agreed upon by both the Company and the ELOC Investor in the future.

Under the terms of the ELOC Purchase Agreement, the ELOC Investor may not purchase any ELOC Shares under the ELOC Purchase Agreement if such shares, when aggregated with all other shares then beneficially owned by the ELOC Investor and its affiliates would result in the ELOC Investor beneficially owning shares in excess of % of the number of the Company’s shares outstanding.

In the nine months ended September 30, 2025, an aggregate of shares of common stock had been sold to the investor under the ELOC Purchase Agreement for aggregate gross proceeds to the Company of $...

Prepaid Warrants to Purchase Common Stock — Prepaid 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 % of the Company’s outstanding shares of common stock for a number of shares that would cause the holder to beneficially own % of the Company’s outstanding shares of common, and having no expiration date. In the nine months ended September 30, 2025: prepaid warrants were exchanged for shares of Series B Preferred Stock (See also Preferred Stock — Series B below); prepaid warrants were issued in connection with the issuance of Series B Preferred Stock, and prepaid warrants were exercised for common stock (including from a related party), leaving prepaid warrants outstanding (including prepaid warrants outstanding of the related party). Subsequent to September 30, 2025, prepaid warrants were exercised, leaving prepaid warrants outstanding.

The following sets forth the outstanding prepaid warrants and common warrants as of September 30, 2025:

|                                                               |     |  Prepaid 
 Warrants |   |     |   Common 
 Warrants |   |
| Balance December 31, 2024                                     |     |  193,599 |   |     |   19,110 |   |
| Exercise of Warrants in Exchange for Common Stock             |     | (153,599 | ) |     |  (19,110 | ) |
| Exercise of Warrants in Exchange for Series B Preferred Stock |     |  (51,393 | ) |     |        — |   |
| Warrants