Company: IPST
Filing Date: 2025-12-19
Form Type: S-1/A
Source: 0001213900-25-123872
Chunk: 352

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-19
Form: S-1/A
Chunk 352
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 record as of May 31, 2023 (the “Contingent Legacy Shareholder Warrants”), that will be exercisable, if at all, provided/contingent upon: if the warrant holder continuously holds the shares such holder owned on May 31, 2023 through the date the warrant is exercised; and if the common stock attains a specified volume weighted average price per share (“VWAP”) over a -trading-day period (the “10-Trading-Day VWAP”) before expiring:

•Tranche 1 — for up to shares of common stock (of which up to were to a related party) when the -Trading-Day VWAP of the common stock reaches % of the $ per share initial public offering price (or $ per share), and that will expire on the -month anniversary of the Company’s initial public offering (the “$ Contingent Legacy Shareholder Warrants”);

•Tranche 2 — for up to shares of common stock (of which up to were to a related party) when the 10-Trading-Day VWAP of the common stock reaches % of the $ per share initial public offering price (or $ per share), and that will expire on the -month anniversary of the Company’s initial public offering (the “$ Contingent Legacy Shareholder Warrants”); and,

•Tranche 3 — for up to shares of common stock (of which up to were to a related party) when the -Trading-Day VWAP of the common stock reaches % of the $ per share initial public offering price (or $ per share), and that will expire on the -month anniversary of the Company’s initial public offering (the “$ Contingent Legacy Shareholder Warrants”).

The Company recorded a value of $ for the Contingent Legacy Shareholder Warrants as of the October 30, 2024 grant date based on a Black Scholes option pricing model.

| Weighted Average Expected Volatility                                         |     |             70% |
| Expected Dividends                                                           |     |              —% |
| Weighted Average Expected Term (in years)                                    |     |               5 |
| Risk-Free Interest Rate                                                      |     |           4.22% |
| Probability Scenarios of meeting contingencies                               |     |                 |
| Shareholder holds shares owned on May 31, 2023 through warrant exercise date |     |      95% to 75% |
| Common stock attains a specified 10