Company: IPST
Filing Date: 2025-06-13
Form Type: S-1
Source: 0001641172-25-015121
Chunk: 329

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-06-13
Form: S-1
Chunk 329
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 |   |     |                             |   1,452,562 |   |     |                                |    794,868 |   |     |                                                  |  1,512,692 |   |
| Issuances                                           |     |                                 |           — |   |     |                             |   3,353,850 |   |     |                                |          — |   |     |                                                  |    302,020 |   |
| Change in Fair Value                                |     |                                 | (21,005,722 | ) |     |                             |   6,977,656 |   |     |                                |  1,078,132 |   |     |                                                  | (1,814,712 | ) |
| Converted to Equity                                 |     | $                               | (15,278,168 | ) |     | $                           | (11,784,068 | ) |     | $                              | (1,873,000 | ) |     | $                                                |          — |   |
| Balance as of December 31, 2024                     |     | $                               |           — |   |     | $                           |           — |   |     | $                              |          — |   |     | $                                                |          — |   |
| Fair value measurement liability, ending balance    |     | $                               |           — |   |     | $                           |           — |   |     | $                              |          — |   |     | $                                                |          — |   |

NOTE 9 — STOCKHOLDERS’ EQUITY / (DEFICIT)

On May 14, 2024, the Board and Shareholders of the Company approved a .57-for-1 reverse stock split. All share and per share numbers included in these financial statements as of and for the years ended December 31, 2024 and 2023 and the years then ended 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 1,687,500shares of common stock, at an offer price of $ 4.00per share. The Company received net proceeds from the IPO of $ 5,960,000after deducting underwriting expenses and commission of $ 790,000.

Concurrent with the closing of the IPO on November 25, 2024, the Company consum