Company: IPST
Filing Date: 2025-12-12
Form Type: S-1/A
Source: 0001213900-25-121277
Chunk: 362

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-12
Form: S-1/A
Chunk 362
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 Net Income/(Loss) for the period – diluted                     |     | $                         | 184,638,419 |   |     | $    | (14,294,650 | ) |
| Denominator:                                                   |     |                           |             |   |     |      |             |   |
| Weighted average number of shares of common stock – basic(1)   |     |                           |   4,236,733 |   |     |      |      21,428 |   |
| Conversion of Convertible Notes into Common Stock              |     |                           |           — |   |     |      |     190,977 |   |
| Conversion of Warrants into Common Stock                       |     |                           |           — |   |     |      |      16,586 |   |
| Weighted average number of shares of common stock – diluted(1) |     |                           |   4,236,733 |   |     |      |     228,991 |   |
| Net Income/(Loss) per share of common stock – diluted          |     | $                         |       43.58 |   |     | $    |      (62.42 | ) |

____________ (1) Includes 5,000prepaid warrants for the nine month period ended September 30, 2025.

F-50

Heritage Distilling Holding Company, Inc.
Notes to Condensed Consolidated Financial Statements
(unaudited) NOTE 14 — BASIC AND DILUTED NET INCOME/(LOSS) PER SHARE (cont.)

Diluted earnings/(loss) per share reflect the potential dilution of securities that could share in the earnings of an entity. For the nine months ended September 30, 2024, the calculation of diluted earnings per share includes the dilutive effect of shares issued for the conversion of the convertible notes and related warrants and subtracts the related gains from changes in their respective fair values from net income/(loss).

|                                                 |     | For the Nine Months Ended 
             September 30, |     |         |
|                                                 |     |                      2025 |     |    2024 |
| ISOs                                            |     |                       119 |     |     301 |
| RSU Awards                                      |     |                   125,000 |     |  12,154 |
| Equity-classified Warrants                      |     |                    87,784 |     |  16,875 |
| Liability-classified