Company: IPST
Filing Date: 2025-12-12
Form Type: S-1/A
Source: 0001213900-25-121277
Chunk: 358

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-12
Form: S-1/A
Chunk 358
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: within three days of receipt of payment under the factored accounts receivable; the achievement of certain fundraising milestones; or June 15, 2024. As of June 30, 2024 the factoring agreement remained unpaid. In July 2024, the investor agreed to exchange his interest in the factoring agreement of $ 113,285into a subscription for the purchase of 11,328shares of Series A Preferred Stock and 250warrants to purchase shares of common stock at the lesser of $ 100per share or the price per shares at which the Company’s common stock is sold in the Company’s initial public offering (the “$ 100Warrants”), and 1,485warrants at $ 120per share (the “$ 120Warrants”) and related warrants. Upon the November 25, 2024 initial public offering at $ 80per share, the 250warrants at $ 100per share were recalculated and reissued as 312warrants at $ 80per share. F-47 Heritage Distilling Holding Company, Inc.
Notes to Condensed Consolidated Financial Statements
(unaudited) NOTE 13 — RELATED-PARTY TRANSACTIONS (cont.) As of July 1, 2024, the Company raised an additional aggregate of $ 299,667between two separate investors under the terms of a July 2024 accounts receivable factoring arrangement with fees of 10% (or $ 29,966) and $ 1,000(separately, to each of the two investors) for every two weeks payment remains overdue. Additionally, the two investors received five yearwarrants to purchase an aggregate of 3,327shares of common stock at $ 120per share (or cashlessly following a standard cashless exercise formula). Of the total July 2024 accounts receivable factoring agreement, $ 166,667and 2,216of the warrants are with the related party. Payment under the factoring is due the earlier of: within three days of receipt of payment under the factored receivable; the achievement of certain fundraising milestones; or August 15, 2024. Effective July 31, 2024, the investors agreed to exchange their interests in the factoring agreement of $ 329,633, including accrued fees and related warrants, for an aggregate of 32,963shares of Series A Preferred Stock, 749warrants to purchase shares of common stock at the lesser of $