Company: IPST
Filing Date: 2025-08-18
Form Type: PRE 14A
Source: 0001788230-25-000134
Chunk: 29

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-08-18
Form: PRE 14A
Chunk 29
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 stock to be designated, respectively, " Common Stock " and " Preferred Stock ." The total number of shares of capital stock that the Corporation shall have authority to issue is 995,000,000. The total number of shares of Common Stock that the Corporation is authorized to issue is 985,000,000, having a par value $0.0001 per share, and the total number of shares of Preferred Stock that the Corporation is authorized to issue is 10,000,000, having a par value $0.0001 per share.”

### Background and Reasons for the Share Increase
The Certificate of Incorporation currently authorizes the issuance of up to 495,000,000 shares of capital stock, including 490,000,000 shares of common stock and 5,000,000 shares of preferred stock. As of the Record Date, there were 500,000 shares of preferred stock designated as Series A Preferred Stock and 800,000 shares of preferred stock designated as Series B Preferred Stock. As of the close of business on the Record Date, there were 15,401,989 shares of common stock issued and outstanding, excluding the following as of such date: (a) up to an aggregate of 6,382,553 shares of common stock issuable upon exercise of our outstanding common stock purchase warrants, (b) up to an aggregate of 811,951 shares of common stock issuable upon conversion of all shares of Series A Preferred Stock, and (c) up to an aggregate of 21,713,811 shares of common stock issuable upon conversion of all shares of Series B Preferred Stock, including accrued dividends and any bonuses thereon. Subsequent to the Record Date, we issued or contracted to issue the following additional shares of common stock and warrants to purchase common stock:

• Pre-Funded Warrants to purchase 370,378,890 shares of common stock in the Offering;

• Subject to the approval of the Advisory Compensation Proposal, 6,416,168 shares of common stock, 2,500,000 Advisory RSUs and Advisory RSUs having a value on the date of grant equal to $250,000, and the Advisory Warrants to purchase up to 17,500,000 shares of common stock to certain Advisors pursuant to the Advisory Agreements;

• 894,856 shares of common stock and warrants to purchase up to 17,002,480 shares of common stock in exchange for Series B Preferred Stock;

• 9,943,038 in common stock issued