Company: IPST
Filing Date: 2025-02-04
Form Type: 424B3
Source: 0001213900-25-010139
Chunk: 290

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-02-04
Form: 424B3
Chunk 290
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the resulting number of shares of common stock will be issued at the price per share of the common stock in the Company’s initial
public offering (which occurred subsequent to September 30, 2024, on November 25, 2024, at $4.00 per share), at which time, the conversion
price will become fixed and the purchase price will no longer qualify to be classified as a liability in accordance with ASC 480,
and will be reclassified to equity. The estimated fair value of the $127,076 in estimated future contingent values (discussed also below)
is recorded as a (long term) liability until such time as their obligation for potential payment becomes established as something more
than zero and the payment number of shares is established, at which time, such future contingent payments will likewise be reclassified
from liabilities to equity in accordance with ASC 480.

<div align='center'>F-32

Heritage Distilling Holding Company, Inc.
Notes to Condensed Consolidated Financial Statements
(unaudited)</div>

NOTE 10 — ACQUISITION OF THINKING TREE SPIRITS (cont.)

Allocation of the purchase price based on the
estimated fair values of the acquired assets and liabilities assumed as of February 21, 2024 are as follows:

| Assets:                                                 |     | Amounts |           |   |
|:--------------------------------------------------------|:----|:--------|----------:|:--|
| Inventory                                               |     | $       |   143,423 |   |
| Other Current Assets/(Liabilities), net                 |     |         |    (3,068 | ) |
| Property and Equipment                                  |     |         |   127,600 |   |
| Intangible Asset – Thinking Tree Trade Name             |     |         |   490,000 |   |
| Intangible Asset – Thinking Tree Customer Relationships |     |         |   360,000 |   |
| Goodwill                                                |     |         |   636,997 |   |
| Total Assets                                            |     | $       | 1,754,952 |   |
| Liabilities:                                            |     |         |           |   |
| Accounts Payable and Other Current Liabilities          |     | $       |    42,739 |   |
| SBA Loan                                                |     |         |   389,875 |   |
| Other Non-Current Liabilities                           |     |         |    17,449 |   |
| Total