Company: IPST
Filing Date: 2025-10-16
Form Type: S-1/A
Source: 0001213900-25-099309
Chunk: 325

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-10-16
Form: S-1/A
Chunk 325
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 by the Investor and its affiliates would result in the Investor beneficially owning shares in excess of 4.99% of the number of the Company’s shares outstanding. In conjunction with the ELOC Purchase Agreement, on January 23, 2025, the Company’s Board of Directors approved the terms of the ELOC Purchase Agreement and Registration Rights Agreement, the offering of up to 100,000shares of Series B Preferred Stock, and the filing of the related ELOC Registration Statement for up to 5,000,000shares of common stock, and subsequently an additional 10,000,000shares of common stock under the June 2025 ELOC Registration Statement, and 67,162shares of common stock issuable upon the exercise of the related Commitment Warrants. In February 2025, the Investor exercised the Commitment Warrants for $ 67. In the six months ended June 30, 2025, an aggregate of 1,437,453shares of common stock had been sold to the investor under the ELOC Purchase Agreement for aggregate gross proceeds to the Company of $ 730,074. Subsequent to June 30, 2025, an additional 10,525,357shares of common stock had been sold to the investor under the ELOC Purchase Agreement for aggregate gross proceeds of $ 4,087,161. F-26

Heritage Distilling Holding Company, Inc.
Notes to Condensed Consolidated Financial Statements
(unaudited) NOTE 7 — STOCKHOLDERS’ EQUITY/(DEFICIT) (cont.)

Prepaid Warrants to Purchase Common Stock — Prepaid warrants will be eligible for exercise without the payment of additional consideration at any time that the respective holder beneficially owns a number of shares of common stock that is less than % of the Company’s outstanding shares of common stock for a number of shares that would cause the holder to beneficially own % of the Company’s outstanding shares of common, and having no expiration date. In the six months ended June 30, 2025: prepaid warrants were exchanged for shares of Series B Preferred Stock (See also Preferred Stock — Series B below); prepaid warrants were issued in connection with the issuance of Series B Preferred Stock, and prepaid warrants were exercised for common stock (including from a related party), leaving prepaid warrants outstanding (including prepaid warrants outstanding of the related party). Subsequent to June 30, 2025, prepaid warrants were exercised, leaving prepaid warrants outstanding.

The following sets forth the outstanding