Company: IPST
Filing Date: 2025-12-12
Form Type: S-1/A
Source: 0001213900-25-121277
Chunk: 417

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-12
Form: S-1/A
Chunk 417
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 second amendment to the Company’s amended and restated certificate of incorporation on April1, 2024, to increase the Company’s authorized capital stock from shares to shares, including shares of common stock and 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 May14, 2024, to further increase the Company’s authorized capital stock to shares, including 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 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 % 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. As of December 31, 2024, 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:

| Balance December 31, 2022                                                                 
 Conditional issuance of Prepaid Warrants from Exchange of 2022 and 2023 Convertible Notes |     |   Prepaid 
  Warrants 
         — 
    25,369 |   |     |   Common 
 Warrants 
        — |
|:------------------------------------------------------------------------------------------|:----|----------:|:--|:----|---------:|
| Balance December 31, 2023                                                                 |     |    25,369 |   |     |        — |
| Conditional Issuance of Prepaid Warrants from Exchange of Whiskey                         
 Notes                                                                                     |     |    27,346 |   |     |        — |
| Conditional Issuance of Prepaid Warrants in Exchange for Common Stock                     |     | 2,816,291 |   |     |        — |
| Exercise of Prepaid Warrants in Exchange for Common Stock                                 |     |  (698,619 | ) |     |        — |
| Issuance of Prepaid Warrants for Common Stock                                             |