Company: IPST
Filing Date: 2025-05-12
Form Type: 424B3
Source: 0001641172-25-009684
Chunk: 264

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-05-12
Form: 424B3
Chunk 264
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220 shares of common stock (of which up to 320,895 were to a related           
 party) when the 10-Trading-Day VWAP of the common stock reaches 500% of the $4.00 per share        
 initial public offering price (or $20 per share), and that will expire on the 60-month anniversary 
 of the Company’s initial public offering (the “$20 Contingent Legacy Shareholder                   
 Warrants”).                                                                                        |

The Company recorded a value of $8,828 for the Contingent Legacy Shareholder Warrants as of the October 30, 2024 grant date based on a Black Scholes option pricing model. The assumptions used in the Black-Scholes option pricing model for the Contingent Legacy Shareholder Warrants were as follows:

SCHEDULE OF VALUATION ASSUMPTIONS

|                                                                              |     | For the Years Ended  December 31, |           |   |     |      |   |
|                                                                              |     |                              2024 |           |   |     | 2023 |   |
| Weighted Average Expected Volatility                                         |     |                                   |        70 | % |     |      | — |
| Expected Dividends                                                           |     |                                   |         — | % |     |      | — |
| Weighted Average Expected Term (in years)                                    |     |                                   |         5 |   |     |      | — |
| Risk-Free Interest Rate                                                      |     |                                   |      4.22 | % |     |      | — |
| Probability Scenarios of meeting contingencies                               |     |                                   |           |   |     |      |   |
| Shareholder holds shares owned on May 31, 2023 through warrant exercise date |     |                                   | 95% to 75 | % |     |      |   |
| Common stock attains a specified 10-Trading-Day VWAP price before expiring   |     |                                   |    0.025% 
   to 2.25 | % |     |      |   |

| F-37 |

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

Notes to Consolidated Financial Statements</div>

NOTE 9 — STOCKHOLDERS’ EQUITY / (DEFICIT)(cont.)

As of December 31, 2024 there were outstanding and exercisable: 725,608 $8 Contingent Legacy Shareholder Warrants; 1,451,216