Company: IPST
Filing Date: 2025-08-26
Form Type: S-1
Source: 0001213900-25-080839
Chunk: 330

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-08-26
Form: S-1
Chunk 330
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 through the date the warrant is exercised; and the common stock attains a specified volume weighted average price per share (“VWAP”) over a 10 - trading-dayperiod (the “10 - Trading-DayVWAP”) before expiring: •Tranche 1 — for up to 762,488shares of common stock (of which up to 128,358 were to a related party) when the 10 - Trading-DayVWAP of the common stock reaches 200% of the $4.00 per share initial public offering price (or $8 per share), and that will expire on the 24 -monthanniversary of the Company’s initial public offering (the “$8 Contingent Legacy Shareholder Warrants”); •Tranche 2 — for up to 1,524,976shares of common stock (of which up to 256,716 were to a related party) when the 10 - Trading-DayVWAP of the common stock reaches 300% of the $4.00 per share initial public offering price (or $12 per share), and that will expire on the 42 -monthanniversary of the Company’s initial public offering (the “$12 Contingent Legacy Shareholder Warrants”); and, •Tranche 3 — for up to 1,906,220shares of common stock (of which up to 320,895 were to a related party) when the 10 - Trading-DayVWAP 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 -monthanniversary of the Company’s initial public offering (the “$20 Contingent Legacy Shareholder Warrants”). As of June 30, 2025, there were outstanding and exercisable: 625,446 $8 Contingent Legacy Shareholder Warrants; 1,250,892 $12 Contingent Legacy Shareholder Warrants; and 1,563,615 $20 Contingent Legacy Shareholder Warrants, (of which 0; 0; and0, respectively were to a related party). NOTE 13 — 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