Company: IPST
Filing Date: 2025-06-23
Form Type: 424B3
Source: 0001641172-25-015954
Chunk: 270

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-06-23
Form: 424B3
Chunk 270
---
 basic(1)                                            |     |                              |  9,662,201 |   |     |      |   403,329 |
| Conversion of Convertible                           
 Notes into Common Stock                             |     |                              |          — |   |     |      | 3,070,503 |
| Weighted average number                             
 of shares of common stock - diluted(1)              |     |                              |  9,662,201 |   |     |      | 3,473,832 |
| Net Income / (Loss)                                 
 per share of common stock - diluted                 |     | $                            |      (0.34 | ) |     | $    |      0.13 |

| (1) | Includes                    
 3,627,918 prepaid warrants. |

| F-32 |

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

Notes to Condensed Consolidated Financial Statements

(unaudited)</div>

NOTE 13 — 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 three months ended March 31, 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). The following number of shares of common stock from the potential exercise or conversion of outstanding potentially dilutive securities were excluded from the computation of diluted net income / (loss) per share attributable to common stockholders for the periods presented because including them would have been antidilutive:

SCHEDULE OF ANTIDILUTIVE SECURITIES

|                               |     |                         2025 |            |     | 2024 |           |
|                               |     |                          For 
 the Three Months Ended March 
                          31, |            |     |      |           |
|                               |     |                         2025 |            |     | 2024 |           |
| ISOs                          |     |                              |      6,011 |     |      |     6,164 |
| Equity-classified Warrants    |     |                              |  1,441,512 |     |      |   116,928 |
| Liability-classified Warrants |     |                              |          — |     |      |