Company: IPST
Filing Date: 2025-12-19
Form Type: S-1/A
Source: 0001213900-25-123872
Chunk: 454

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-19
Form: S-1/A
Chunk 454
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 holder continuously holds the shares such holder owned on May 31, 2023 through the date the warrant is exercised; and the common stock attains a specified volume weighted average price per share (“VWAP”) over a 10 -trading-dayperiod (the “10 -Trading-DayVWAP”) before expiring: •Tranche 1 — for up to 38,124shares of common stock (of which up to 6,417were to a related party) when the 10 -Trading-DayVWAP of the common stock reaches 200% of the $ 80.00per share initial public offering price (or $ 160per share), and that will expire on the 24 -monthanniversary of the Company’s initial public offering (the “$ 160Contingent Legacy Shareholder Warrants”); •Tranche 2 — for up to 76,248shares of common stock (of which up to 12,835were to a related party) when the 10 -Trading-DayVWAP of the common stock reaches 300% of the $ 80.00per share initial public offering price (or $ 240per share), and that will expire on the 42 -monthanniversary of the Company’s initial public offering (the “$ 240Contingent Legacy Shareholder Warrants”); and, •Tranche 3 — for up to 95,311shares of common stock (of which up to 16,044were to a related party) when the 10 -Trading-DayVWAP of the common stock reaches 500% of the $ 80.00per share initial public offering price (or $ 240per share), and that will expire on the 60 -monthanniversary of the Company’s initial public offering (the “$ 240Contingent Legacy Shareholder Warrants”). As of December 31, 2024 there were outstanding and exercisable: 36,280$ 160Contingent Legacy Shareholder Warrants; 72,560$ 240Contingent Legacy Shareholder Warrants; and 90,701$ 240Contingent Legacy Shareholder Warrants, (of which 5,272; 11,545; and 14,432, respectively were to a related party). NOTE 16 — BASIC AND DILUTED NET INCOME / (LOSS) PER SHARE The Company computes basic net income/(loss) per share by dividing net income/(