Company: IPST
Filing Date: 2025-10-16
Form Type: S-1/A
Source: 0001213900-25-099309
Chunk: 447

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-10-16
Form: S-1/A
Chunk 447
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), and that will expire on the 42 -monthanniversary of the Company’s initial public offering (the “$ 12Contingent Legacy Shareholder Warrants”); and, •Tranche 3 — for up to 1,906,220shares of common stock (of which up to 320,895were to a related party) when the 10 -Trading-DayVWAP of the common stock reaches 500% of the $ 4.00per share initial public offering price (or $ 20per share), and that will expire on the 60 -monthanniversary of the Company’s initial public offering (the “$ 20Contingent Legacy Shareholder Warrants”). As of December 31, 2024 there were outstanding and exercisable: 725,608$ 8Contingent Legacy Shareholder Warrants; 1,451,216$ 12Contingent Legacy Shareholder Warrants; and 1,814,020$ 20Contingent Legacy Shareholder Warrants, (of which 115,456; 230,912; and 288,640, respectively were to a related party). NOTE 16 — BASIC AND DILUTED NET INCOME/(LOSS) PER SHARE The Company computes basic net income/(loss) per share by dividing net income/(loss) for the period by the weighted -averagenumber of common shares outstanding during the period. The Company computes diluted net income/(loss) per share by dividing net income/(loss) for the period by the weighted -averagenumber of common shares outstanding during the period, plus the dilutive effect of the stock options, RSU awards and exercisable F-99

Heritage Distilling Holding Company, Inc.
Notes to Consolidated Financial Statements NOTE 16 — BASIC AND DILUTED NET INCOME/(LOSS) PER SHARE(cont.)

common stock warrants, as applicable pursuant to the treasury stock method, and the convertible notes, as applicable pursuant to the if-converted method.

| Basic earnings per share of common stock:                   
 Numerator:                                                  |     | For the Years Ended 
 December 31,        
 2024                |             |   |     | 2023 |             |   |
|:------------------------------------------------------------|:----|:--------------------|------------:|:--|:----|:-----|------------:|:--|
| Net Income/(Loss) for the period                            |     | $                   |     710,458 |   |