Company: IPST
Filing Date: 2025-01-27
Form Type: S-1
Source: 0001213900-25-006695
Chunk: 256

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-01-27
Form: S-1
Chunk 256
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313,404 |   |
| Adjustment                       |     |               |  2,434,782 |   |     |                   |  1,190,966 |     |             |   3,285 |     |               |  1,199,288 |   |
| As Corrected                     |     |               | 36,283,891 |   |     |                   |  1,452,562 |     |             | 794,868 |     |               |  1,512,692 |   |
| Balance as of September 30, 2024 |     |               |            |   |     |                   |            |     |             |         |     |               |            |   |
| As previously reported           |     |               | 16,047,571 |   |     |                   | 13,092,786 |     |             | 853,329 |     |               | (1,180,630 | ) |
| Adjustment                       |     |               |  2,434,782 |   |     |                   |  1,190,966 |     |             |   3,285 |     |               |  1,199,288 |   |
| As Corrected                     |     |               | 18,482,353 |   |     |                   | 14,283,752 |     |             | 856,614 |     |               |     18,658 |   |

F-26 Heritage Distilling Holding Company, Inc.
Notes to Condensed Consolidated Financial Statements
(unaudited)

NOTE 9 — STOCKHOLDERS’ EQUITY

On May 14, 2024, the Board and Shareholders
of the Company approved a .57-for-1 reverse stock split. All share and per share numbers included in these Financial Statements as of
and for the nine months ended September 30, 2024 and 2023 and the year ended December 31, 2023 all periods presented reflect
the effect of that stock split unless otherwise noted.

Common Stock— On October 31,
2023, the Company’s Board of Directors and shareholders increased the number of shares the Company is authorized to issue from
shares to shares, including shares of common stock and shares of Founders Common Stock, par value of $
per share. (which Founders Common Stock has four votes per share). The key terms of the common stocks are summarized below