Company: IPST
Filing Date: 2025-06-23
Form Type: 424B3
Source: 0001641172-25-015954
Chunk: 343

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-06-23
Form: 424B3
Chunk 343
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| Intangible Asset – Thinking Tree Trade Name             |     |         |   250,000 |   |
| Intangible Asset – Thinking Tree Customer Relationships |     |         |   190,000 |   |
| Goodwill                                                |     |         |   589,870 |   |
| Total Assets                                            |     | $       | 1,297,825 |   |
| Liabilities:                                            |     |         |           |   |
| Accounts Payable and Other Current Liabilities          |     | $       |    42,739 |   |
| SBA Loan                                                |     |         |   389,875 |   |
| Other Non-Current Liabilities                           |     |         |    17,449 |   |
| Total Liabilities                                       |     |         |   450,063 |   |
| Total Purchase Consideration                            |     | $       |   847,762 |   |

| F-71 |

<div align='center'>Heritage Distilling Holding Company, Inc.

Notes to Consolidated Financial Statements</div>

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

In conjunction with the acquisition, for the quarter ended March 31, 2024, the Company recorded estimated fair values of $847,762 for payments in the form of Company common stock (including: $670,686 in common stock of the Company; $50,000 of post-closing accounting true-ups; and $127,076 in estimated future contingent payments). The acquisition was recorded at estimated fair values, based on the payments made, and a fair value probability applied to the contingent earn out payments. The fair value of the acquisition will be re-measured for each subsequent reporting period until resolution of the contingent earn out payments, and any increases or decreases in fair value will be recorded in the income statement as an operating loss or gain. The recorded fair value of the acquisition was reviewed as of December 31, 2024, with no change in fair value deemed necessary.

Under the terms of the TTS acquisition, TTS shareholders will be eligible to receive contingent earn out payments from the Company through February 21, 2027 of:

| ● | Up                                                                                                                                
 to $800,000 per year (payable in Company common stock) in each of the first 3 years post acquisition with the final closing date  
 on December 31, 2026 (for an aggregate of up to $2,400,000),