Company: IPST
Filing Date: 2025-10-16
Form Type: S-1/A
Source: 0001213900-25-099309
Chunk: 319

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-10-16
Form: S-1/A
Chunk 319
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 purchase shares of common stock at $ 4.00per share (including $ 266,667received from a related party, which was exchanged for 29,661shares of Series A Preferred Stock, and 16,667warrants). (See Notes 5 and 12.) •The $ 250,000received from an investor under the terms of a July 2024 accounts receivable factoring agreement, including accrued fees, which was exchanged for 27,700shares of Series A Preferred Stock, including 15,625warrants to purchase shares of common stock at $ 4.00per share. (See Notes 5 and 12.) In addition to the Common Warrants discussed above, pursuant to the Underwriting Agreement dated November 21, 2024, by and between the Company and the underwriters named therein (the “Representative”), the Company issued 84,377of Representative’s Warrants to the Representative with an initial exercise date on or after May 24, 2025, an exercise price of $ 4.00per share, and an expiration date of November 21, 2029. F-23 Heritage Distilling Holding Company, Inc.
Notes to Condensed Consolidated Financial Statements
(unaudited) NOTE 7 — STOCKHOLDERS’ EQUITY/(DEFICIT) (cont.) Common stock— On October 31, 2023, the Company’s Board of Directors and shareholders increased the number of shares the Company is authorized to issue from 3,000,000shares to 10,000,000shares, including 9,500,000shares of common stock and 500,000shares of Founders Common Stock, par value of $ 0.0001per share (which Founders Common Stock had fourvotes per share). The key terms of the common stocks are summarized below: Dividends— The holders of common stock and Founders Common Stock are entitled to receive dividends if declared by the Board of Directors. Nodividends have been declared since the inception of the Company. Voting rights— The holders of Founders Common Stock were entitled to fourvotes for each share of Founders Common Stock and general common stockholders were entitled to onevote for each share of general common stock. The designation of Founders Common Stock was terminated upon the completion of the IPO and now all common stock is treated as general common stock, with each share having one vote. Upon approval of the April 2024 increase in authorized shares, the