Company: IPST
Filing Date: 2025-12-23
Form Type: 424B3
Source: 0001213900-25-125341
Chunk: 430

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-23
Form: 424B3
Chunk 430
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 for vesting. They will settle on the expiration of the Market Stand -offprovision in the 2019 stock incentive plan (or May 24, 2025, which is 180 days from the November 25, 2024 closing of the Company’s initial public offering). For the period ended December 31, 2024, upon the consummation of the initial public offering on November 25, 2024, the Company recorded an expense of $2,684,995 at the fair grant values per RSU for the total 12,279 then vested awards. Equity -Based ( Non -Cash ) Compensation— The Company recorded equity -based(non -cash) compensation for employees (personnel) and consultants for the years ended December 31, 2024 and 2023 as follows:

|                                                |     | Years Ended  
 December 31, |      2024 |     |   |   2023 |
|:-----------------------------------------------|:----|:-------------|----------:|:----|:--|-------:|
| Production/Cost of Sales                       |     | $            |   178,140 |     | $ |      — |
| Sales and Marketing                            |     |              |   729,592 |     |   |      — |
| General and Administrative                     |     |              | 2,414,097 |     |   |  6,028 |
| Subtotal Employee Compensation                 |     |              | 3,321,829 |     |   |  6,028 |
| Professional Fees (General and Administrative) |     |              | 1,570,281 |     |   | 12,566 |
| Total Non-Cash Share-Based Compensation        |     | $            | 4,892,110 |     | $ | 18,594 |

Equity -classified warrants— The Company estimates the fair values of equity warrants using the Black -Scholesoption -pricingmodel on the date of issuance with Monte Carlo simulations to determine the probability of warrants being exercisable. Contingent Legacy Shareholder Warrants— On October 30, 2024 the Company issued warrants to purchase common stock that became contingently exercisable upon 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 $80.00 per share) to its common shareholders of record as of May 31,