Company: IPST
Filing Date: 2025-06-04
Form Type: POS AM
Source: 0001641172-25-013501
Chunk: 328

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-06-04
Form: POS AM
Chunk 328
---
   |     |                                                  |    302,020 |   |
| Change in Fair Value                                |     |                                 | (21,005,722 | ) |     |                             |   6,977,656 |   |     |                                |  1,078,132 |   |     |                                                  | (1,814,712 | ) |
| Converted to Equity                                 |     | $                               | (15,278,168 | ) |     | $                           | (11,784,068 | ) |     | $                              | (1,873,000 | ) |     | $                                                |          — |   |
| Balance as of December 31, 2024                     |     | $                               |           — |   |     | $                           |           — |   |     | $                              |          — |   |     | $                                                |          — |   |
| Fair value measurement liability, ending balance    |     | $                               |           — |   |     | $                           |           — |   |     | $                              |          — |   |     | $                                                |          — |   |

NOTE 9 — STOCKHOLDERS’ EQUITY / (DEFICIT)

On May 14, 2024, the Board and Shareholders of the Company approved a .57-for-1 reverse stock split. All share and per share numbers included in these financial statements as of and for the years ended December 31, 2024 and 2023 and the years then ended all periods presented reflect the effect of that stock split unless otherwise noted.

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