Company: IPST
Filing Date: 2025-12-12
Form Type: S-1/A
Source: 0001213900-25-121277
Chunk: 319

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-12
Form: S-1/A
Chunk 319
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31, 2024 was $ 0,

F-26

Heritage Distilling Holding Company, Inc.
Notes to Condensed Consolidated Financial Statements
(unaudited) NOTE 6 — FAIR VALUE MEASUREMENT (cont.)

The following table provides a roll forward of the aggregate fair values of the Company’s financial instruments described above, for which fair value was determined using Level 3 inputs during the nine months ended September 30, 2024:

|                                  |     | 2022 and 2023 
 Convertible   
 Notes         |             |   |     | Whiskey     
 Special Ops 
 Notes       |            |     | 2022        
 Notes       
 Warrant     
 Liabilities |         |     | Whiskey       
 Special Ops   
 Notes Warrant 
 Liabilities   |            |   |     | Acquisition 
 Contingency 
 Liabilities |          |   |
|:---------------------------------|:----|:--------------|------------:|:--|:----|:------------|-----------:|:----|:------------|--------:|:----|:--------------|-----------:|:--|:----|:------------|---------:|:--|
| Balance as of January 1,         
 2024                             |     | $             |  36,283,891 |   |     | $           |  1,452,562 |     | $           | 794,868 |     | $             |  1,512,692 |   |     | $           |        — |   |
| Issuances                        |     |               |           — |   |     |             |  3,353,850 |     |             |       — |     |               |    302,020 |   |     |             |  584,203 |   |
| Change in Fair Value             |     |               | (17,801,538 | ) |     |             |  9,477,340 |     |             |  61,746 |     |               | (1,796,054 | ) |     |             | (457,127 | ) |
| Balance as of September 30, 2024 |     | $             |  18,482,353 |   |     | $           | 14,283,752 |     | $           | 856,614 |     | $             |     18,658 |   |     | $           |  127,