Company: IPST
Filing Date: 2025-06-23
Form Type: 424B3
Source: 0001641172-25-015954
Chunk: 321

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-06-23
Form: 424B3
Chunk 321
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 consummation of the Company’s initial public offering on November 25, 2024, the 2022 and 2023 Notes in the following table were exchanged and reclassified into equity (see Note 5), and were $0 as of December 31, 2024, The significant unobservable inputs that were included in the valuation of the 2022 and 2023 Convertible Notes as of December 31, 2023 include:

SCHEDULE OF UNOBSERVABLE INPUTS

|                                        |     | December 31, 2023 |               |   |     |                   |               |   |
|:---------------------------------------|:----|:------------------|--------------:|:--|:----|:------------------|--------------:|:--|
| Significant Unobservable Input         |     | Input  Range      |               |   |     | Weighted  Average |               |   |
| Discount Rate                          |     |                   |          48.5 | % |     |                   |          48.5 | % |
| Expected Term (in years)               |     |                   | 0.122 – 1.081 |   |     |                   | 0.122 – 1.081 |   |
| Probability Scenarios                  |     |                   |               |   |     |                   |               |   |
| IPO                                    |     |                   |            70 | % |     |                   |               |   |
| deSPAC                                 |     |                   |             0 | % |     |                   |               |   |
| Default/Dissolution/Forced Liquidation |     |                   |            20 | % |     |                   |               |   |
| Held to Maturity                       |     |                   |            10 | % |     |                   |               |   |

Upon the consummation of the Company’s initial public offering on November 25, 2024, the Whiskey Special Ops 2023 Notes in the following table were exchanged and reclassified into equity (see Note 5), and were $0 as of December 31, 2024, The significant unobservable inputs that were included in the valuation of the Whiskey Special Ops 2023 Notes as of December 31, 2023 include:

|                                        |     | December 31, 2023 |               |   |     |                   |               |   |
|:---------------------------------------|:----|:------------------|--------------