Company: IPST
Filing Date: 2025-06-13
Form Type: S-1
Source: 0001641172-25-015121
Chunk: 328

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-06-13
Form: S-1
Chunk 328
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| 188 |

Heritage Distilling Holding Company, Inc.

Notes to Consolidated Financial Statements

NOTE 8 — 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 is determined using Level 3 inputs:

SCHEDULE OF AGGREGATE FAIR VALUE OF FINANCIAL INSTRUMENTS

|                                                     |     | 2022 and 2023 Convertible Notes |             |   |     | Whiskey  Special Ops  Notes |             |   |     | 2022 Notes Warrant Liabilities |            |   |     | Whiskey  Special Ops  Notes Warrant  Liabilities |            |   |
|:----------------------------------------------------|:----|:--------------------------------|------------:|:--|:----|:----------------------------|------------:|:--|:----|:-------------------------------|-----------:|:--|:----|:-------------------------------------------------|-----------:|:--|
| Balance as of January 1, 2022                       |     | $                               |   8,041,000 |   |     | $                           |           — |   |     | $                              |    433,000 |   |     | $                                                |          — |   |
| Issuances                                           |     |                                 |   5,577,125 |   |     |                             |   1,353,473 |   |     |                                |     12,874 |   |     |                                                  |  1,621,527 |   |
| Change in Fair Value                                |     |                                 |  22,665,765 |   |     |                             |      99,089 |   |     |                                |    348,994 |   |     |                                                  |   (108,835 | ) |
| Converted to Equity                                 |     |                                 |             |   |     |                             |             |   |     |                                |            |   |     |                                                  |            |   |
| Balance as of December 31, 2023                     |     |                                 |  36,283,890 |   |     |                             |   1,452,562 |   |     |                                |    794,868 |   |     |                                                  |  1,512,692 |   |
| Fair value measurement liability, beginning balance |     |                                 |  36,283,890