Company: IPST
Filing Date: 2025-08-15
Form Type: 424B3
Source: 0001641172-25-024441
Chunk: 34

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-08-15
Form: 424B3
Chunk 34
---
| Issuances                     |     |                                   |           — |   |     |                             |  3,353,850 |     |                                   |       — |     |                                                  |    302,020 |   |     |                                     |  584,203 |   |
| Change in Fair Value          |     |                                   | (18,216,803 | ) |     |                             |  9,172,055 |     |                                   |  89,314 |     |                                                  | (1,794,334 | ) |     |                                     | (457,127 | ) |
| Balance as of June 30, 2024   |     | $                                 |  18,067,087 |   |     | $                           | 13,978,467 |     | $                                 | 884,182 |     | $                                                |     20,378 |   |     | $                                   |  127,076 |   |

There were no financial instruments for which fair value is determined using Level 3 inputs for the six months ended June 30, 2025.

NOTE 7 — STOCKHOLDERS’ EQUITY / (DEFICIT)

On May 11, 2024, the Board and Stockholders of the Company approved, and on May 14, 2024 the Company effected, a .57-for-1 reverse stock split. All share and per share numbers included in these condensed consolidated financial statements as of and for all periods presented reflect the effect of that stock split unless otherwise noted.

On November 25, 2024, the Company consummated its initial public offering (“IPO”) whereby it sold a total of 1,687,500 shares of common stock, at an offer price of $4.00 per share. The Company received net proceeds from the IPO of $5,960,000 after deducting underwriting expenses and commission of $790,000.

| 22 |

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

Notes to Condensed Consolidated Financial Statements

(unaudited)</div>

NOTE 7 — STOCKHOLDERS’ EQUITY / (DEFICIT) (cont.)

Concurrent with the closing of the IPO on November 25, 2024, the Company consummated a private offering, to certain of its existing security holders, of common stock warrants to purchase an aggregate of up to 382,205 shares of common stock (the “Common W