Company: IPST
Filing Date: 2025-01-27
Form Type: S-1
Source: 0001213900-25-006695
Chunk: 245

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-01-27
Form: S-1
Chunk 245
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 July 31, 2025, beginning August 1, 2025 the City of Eugene loan begins accruing interest at the rate of 5%. Monthly payments began September 1, 2025 in the amount of $ 6,714, including accrued interest.. F-20 Heritage Distilling Holding Company, Inc.
Notes to Condensed Consolidated Financial Statements
(unaudited) NOTE 6 — BORROWINGS (cont.)

In May 2024, the Company raised $ 100,000under the terms of an accounts receivable factoring arrangement with a related party. (See Notes 14 and 16.)

As of July 1, 2024, the Company raised an additional aggregate of $ 299,667between two separate investors under the terms of a July 1, 2024 accounts receivable factoring arrangement, including $ 166,667from the related party. The Company issued an aggregate of 66,549five year warrants to purchase common stock at $ 6.00per share in conjunction with the July 1, 2024 accounts receivable factoring agreements. (See Notes 14 and 16.)

In August 2024, the aggregate of $ 399,667received from the two separate investors under the terms of the May 2024 and July 2024 factoring agreements, including accrued fees and 66,549related warrants was exchanged for an aggregate of 44,291shares of Series A Preferred Stock and 19,983warrants to purchase shares of common stock at the lesser of $ 5.00per share or the price per share at which the common stock is sold in the Company’s initial public offering. (Including $ 266,667received from a related party, which was exchanged for 29,661shares of Series APreferred Stock, and warrants.) Subsequent to September 30, 2024,
upon the November 25, 2024 initial public offering at $ per share, the warrants at $ per share were recalculated and
reissued as warrants at $ per share (and the related party warrants at $ per share were recalculated and
reissued as warrants at $ per share). (See Notes 14 and 16.)

In July 2024, the Company raised an additional $ 250,000from an investor under the terms of a July 2024 accounts receivable factoring arrangement. The Company issued 83,333five year warrants to purchase common stock at $ 6.00