Company: IPST
Filing Date: 2025-10-16
Form Type: S-1/A
Source: 0001213900-25-099309
Chunk: 427

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-10-16
Form: S-1/A
Chunk 427
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 the closing of an initial public offering (which occurred on November 25, 2024), at the price per share of the Company’s initial public offering (or $ per share) to its common shareholders of record as of May 31, 2023 (the “Contingent Legacy Shareholder Warrants”), that will be exercisable, if at all, provided/contingent upon: if the warrant holder continuously holds the shares such holder owned on May 31, 2023 through the date the warrant is exercised; and if the common stock attains a specified volume weighted average price per share (“VWAP”) over a 10-trading-day period (the “10-Trading-Day VWAP”) before expiring:

•Tranche 1 — for up to shares of common stock (of which up to were to a related party) when the 10-Trading-Day VWAP of the common stock reaches % of the $ per share initial public offering price (or $ per share), and that will expire on the -month anniversary of the Company’s initial public offering (the “$ Contingent Legacy Shareholder Warrants”);

•Tranche 2 — for up to shares of common stock (of which up to were to a related party) when the 10-Trading-Day VWAP of the common stock reaches % of the $ per share initial public offering price (or $ per share), and that will expire on the -month anniversary of the Company’s initial public offering (the “$ Contingent Legacy Shareholder Warrants”); and,

•Tranche 3 — for up to shares of common stock (of which up to were to a related party) when the 10-Trading-Day VWAP of the common stock reaches % of the $ per share initial public offering price (or $ per share), and that will expire on the -month anniversary of the Company’s initial public offering (the “$ Contingent Legacy Shareholder Warrants”).

F-87

Heritage Distilling Holding Company, Inc.
Notes to Consolidated Financial Statements NOTE 9 — STOCKHOLDERS’ EQUITY/(DEFICIT) (cont.)

The Company recorded a value of $ for the Contingent Legacy Shareholder Warrants as of the October 30, 2024 grant date based on a Black Scholes option pricing model.

|                                                                              |     | For the Years Ended 
        December 31, |     |      |
|                                                                              |     |                2024 |