Company: IPST
Filing Date: 2025-12-19
Form Type: S-1/A
Source: 0001213900-25-123872
Chunk: 354

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-19
Form: S-1/A
Chunk 354
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 2024, the Company issued a total of equity classified warrants, including: warrants at $ per share in conjunction with July 2024 accounts receivable factoring agreement; Underwriter Warrants in conjunction with the Company’s initial public offering; and, warrants to purchase common stock (of which, were to a related party) in connection with the issuance of Series A Preferred Stock. Upon the November 25, 2024 initial public offering at $ per share, the warrants at $ per share were recalculated and reissued as warrants at $ per share (and the related party warrants at $ per share were recalculated a reissued as warrants at $ per share.).

|                                           |     |  For the Nine 
  Months Ended 
 September 30, 
          2025 |     |      For the 
   Year Ended 
 December 31, 
         2024 |   |
|:------------------------------------------|:----|--------------:|:----|-------------:|:--|
| Weighted Average Expected Volatility      |     |           70% |     |           70 | % |
| Expected Dividends                        |     |            —% |     |            — | % |
| Weighted Average Expected Term (in years) |     |             5 |     |            5 |   |
| Risk-Free Interest Rate                   |     | 3.88% – 4.66% |     |         4.22 | % |

As of September 30, 2025 and December 31, 2024, in addition to the Contingent Legacy Shareholder Warrants discussed above, there were outstanding and exercisable warrants to purchase and , respectively, shares of common stock. As of September 30, 2025, the weighted-average remaining contractual term was years for the outstanding and exercisable warrants.

The Underwriting Agreement and the related warrants granted to the Underwriter equal % of the total proceeds raised in the Company’s November 25, 2024 initial public offering at an exercise price equal to the offering price, or warrants for shares at $ per share. To date, the underwriter has not exercised any of such warrants.

F-42 Heritage Distilling Holding Company, Inc.
Notes to Condensed Consolidated Financial Statements
(unaudited) NOTE 8 — STOCKHOLDERS’ EQUITY/(DEFICIT) (cont.) Correction for Missed Warrants.— Subsequent to the closing of the August 15, 2025 PIPE Offering