Company: IPST
Filing Date: 2025-12-19
Form Type: S-1/A
Source: 0001213900-25-123872
Chunk: 252

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-19
Form: S-1/A
Chunk 252
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 the factoring arrangement were exchanged for Series A Preferred Stock. In September 2024, the $250,000 received from Anson and the $27,000 in accrued fees under the terms of the factoring arrangement was exchanged for an aggregate of 27,700shares of Series A Preferred Stock and warrants to purchase 625shares of common stock at $80.00 per share. Under the exchange agreement, Anson retained its warrants to purchase 83,333shares of common stock at an exercise price of $6.00 per share. In October 2024, we sold 250 barrels of aged whiskey to Tiburon for $166,667. Under the terms of the sale, in the event Tiburon resells the barrels back to us, the resale prices shall be the price paid by Tiburon per barrel under the agreement plus a 15% simple annual interest rate of 1.25% per month from the date Tiburon purchased the barrels from us. We also agreed to store the barrels for Tiburon at no fee until Tiburon sells the barrels to either us or a third party. 148 Participation in Offering of Prefunded Warrants. On August15, 2025, we closed a private placement offering in which we sold to investors Pre -FundedWarrants to purchase an aggregate of 18,518,922shares of common stock at a purchase price of $12,084 per Pre -FundedWarrant, for an aggregate purchase price of $223.8million, before deducting placement agent fees and other offering expenses. Included among the investors in the offering were Constantine IHSV, LLC, a company owned and controlled by Justin Stiefel, our Chairman and Chief Executive Officer, which purchased Pre -FundedWarrants to purchase 165,480shares of common stock, and Andrew Varga, a director of our company, who purchased Pre -FundedWarrants to purchase 15,000shares of common stock. Such sales of Pre -FundedWarrants were on the same terms and conditions as the sales to all other investors in the offering. 149 DESCRIPTION OF CAPITAL STOCK The following is a summary of the rights of our common stock, certain provisions of our second amended and restated certificate of incorporation, as amended, and our amended and restated bylaws and applicable law. This summary does not purport to be complete and is qualified in its entirety by the provisions of our second amended and restated certificate of incorporation, as amended, and amended and restated bylaws,