Company: IPST
Filing Date: 2025-10-16
Form Type: S-1/A
Source: 0001213900-25-099309
Chunk: 342

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-10-16
Form: S-1/A
Chunk 342
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 shares at $ per share (the “Underwriter Warrants”). The number of Underwriter Warrants may increase by up to % (to warrants for shares at $ per share) if the Underwriter elects to utilize the overallotment rights of the Offering. To date, the underwriter has not exercised any Underwriter Warrants.

Deferred Compensation — Beginning in May 2023, certain senior level employees elected to defer a portion of their salary until such time as the Company completed a successful public registration of its stock (which occurred on November 25, 2024). Upon success of the Company’s initial public offering, each employee was then to be paid their deferred salary plus a range of matching dollars in RSUs (under the new 2024 Plan noted above) for every $1 dollar of deferred salary. As of December 31, 2024, the Company recorded $ of such deferred payroll expense, including $ paid in cash in December 2024, and $ remaining to be paid which is included in accrued liabilities as of June 30, 2025. Accordingly, as of June 30, 2025, upon the expiration of the 6month post-IPO lockup period (in May 2025) the Company issued approximately $ in equity compensation (in the form of RSUs) in settlement of the deferred compensation liability. During the six months ended June 30, 2025 certain senior level employees elected to defer an additional $ of their salary, resulting in $ remaining to be paid as of June 30, 2025. Subsequent to June 30, 2025, the Company paid $ of the deferred compensation, leaving a balance of $ remaining to be paid. (See also Note 14.)

F-34 Heritage Distilling Holding Company, Inc.
Notes to Condensed Consolidated Financial Statements
(unaudited) NOTE 8 — ACQUISITION OF THINKING TREE SPIRITS Business Combinations— On February 21, 2024, the Company purchased all the outstanding stock of Thinking Tree Spirits, Inc. (“TTS”), which was accounted for as a business combination, requiring assets and liabilities assumed to be measured and recorded at their acquisition date fair values as of the acquisition date. The resolution of the contingent earn out payments will be reviewed at each subsequent reporting period, and any increases or decreases in fair value will be recorded in the income statement as an operating gain or loss. Under the terms of the stock sale, the Company paid the shareholders of TTS $