Company: IPST
Filing Date: 2025-09-22
Form Type: 8-K
Source: 0001788230-25-000153
Chunk: 2

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-09-22
Form: 8-K
Item: Item 5.07
Chunk 2
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 by proxy, at the Special Meeting. Proposal 2 was approved.

Proposal 3

The Company’s stockholders cast their votes to approve an amendment to the Company’s Second Amended and Restated Certificate of Incorporation, as amended (the “ Certificate of Incorporation”), to increase the number of authorized shares of capital stock from 495,000,000 shares to 995,000,000 shares, as set forth below:

  Votes For      Votes Against      Abstentions      Broker Non-Votes  
 ───────────────────────────────────────────────────────────────────────
  8,935,874            937,818           12,230               252,245  

Result: 58.0% of all outstanding shares voted FOR Proposal 3, and of all votes cast, 88.1% voted FOR Proposal 3. Proposal 3 required the affirmative vote of the holders of a majority of the outstanding shares of common stock on the record date for the Special Meeting. Proposal 3 was approved.

Proposal 4

The Company’s stockholders cast their votes to approve an amendment to the Certificate of Incorporation to remove the prohibition against stockholder action by written consent, as set forth below:

  Votes For      Votes Against      Abstentions      Broker Non-Votes  
 ───────────────────────────────────────────────────────────────────────
  7,925,771            462,336          159,537             1,590,523  

Result: 51.5% of all outstanding shares voted FOR Proposal 4, and of all votes cast, 78.2% voted FOR Proposal 4. Proposal 4 required the affirmative vote of the holders of 66 2/3% of the outstanding shares of common stock on the record date for the Special Meeting. Proposal 4 did not receive the requisite stockholder approval.

Proposal 5

The Company’s stockholders cast their votes to approve an amendment to the Certificate of Incorporation to effect a reverse stock split of the Company’s Common Stock at a reverse stock split ratio ranging from 1:5 to 1:20, without reducing the authorized number of shares of Common Stock, and to authorize the Board to determine, at its discretion, the timing of the amendment and the specific ratio of the reverse stock split, without further approval or authorization of the Company’s stockholders, as set forth below:

  Votes For      Votes Against      Abstentions      Broker Non-Votes  
 ─────────────────────────────────────────────────