Company: IPST
Filing Date: 2025-10-16
Form Type: S-1/A
Source: 0001213900-25-099309
Chunk: 317

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-10-16
Form: S-1/A
Chunk 317
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 |             |  584,203 |   |
| Change in Fair Value          |     |               | (18,216,803 | ) |     |             |  9,172,055 |     |             |  89,314 |     |               | (1,794,334 | ) |     |             | (457,127 | ) |
| Balance as of June 30, 2024   |     | $             |  18,067,087 |   |     | $           | 13,978,467 |     | $           | 884,182 |     | $             |     20,378 |   |     | $           |  127,076 |   |

There were no financial instruments for which fair value is determined using Level 3 inputs for the six months ended June 30, 2025.

NOTE 7 — STOCKHOLDERS’ EQUITY/(DEFICIT) On May 11, 2024, the Board and Stockholders of the Company approved, and on May 14, 2024 the Company effected, a . 57 -for-1reverse stock split. All share and per share numbers included in these condensed consolidated financial statements as of and for all periods presented reflect the effect of that stock split unless otherwise noted.

F-22 Heritage Distilling Holding Company, Inc.
Notes to Condensed Consolidated Financial Statements
(unaudited) NOTE 7 — STOCKHOLDERS’ EQUITY/(DEFICIT) (cont.) 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 consummated a private offering, to certain of its existing security holders, of common stock warrants to purchase an aggregate of up to 382,205shares of common stock (the “Common Warrants”) at an exercise price of $ 0.01per share. The Common Warrants were sold in such private placement for a purchase price of $ 3.99per Common Warrant, which was equal to the $ 4.00price per share at