Company: IPST
Filing Date: 2025-06-13
Form Type: S-1
Source: 0001641172-25-015121
Chunk: 343

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-06-13
Form: S-1
Chunk 343
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 with a fair grant value of $ 4.00per unit. These RSUs contain a double trigger and, upon grant, were deemed to have met their time-based service requirements for vesting. They will settle on the expiration of the Market Stand-off provision in the 2019 stock incentive plan (or May 24, 2025, which is 180days from the November 25, 2024 closing of the Company’s initial public offering). For the period ended December 31, 2024, upon the consummation of the initial public offering on November 25, 2024, the Company recorded an expense of $ 2,684,995at the fair grant values per RSU for the total 245,589then vested awards.

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Heritage Distilling Holding Company, Inc.

Notes to Consolidated Financial Statements

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

Equity-Based (Non-Cash) Compensation —The Company recorded equity-based (non-cash) compensation for employees (personnel) and consultants for the years ended December 31, 2024 and 2023 as follows:

SCHEDULE OF EQUITY-BASED (NON-CASH) COMPENSATION FOR EMPLOYEES (PERSONNEL) AND CONSULTANTS

|                                                |     | Years Ended December 31, 
 2024                     |      2024 |     | 2023 |   2023 |
|:-----------------------------------------------|:----|:-------------------------|----------:|:----|:-----|-------:|
| Production / Cost of Sales                     |     | $                        |   178,140 |     | $    |      — |
| Sales and Marketing                            |     |                          |   729,592 |     |      |      — |
| General and Administrative                     |     |                          | 2,414,097 |     |      |  6,028 |
| Subtotal Employee Compensation                 |     |                          | 3,321,829 |     |      |  6,028 |
| Professional Fees (General and Administrative) |     |                          | 1,570,281 |     |      | 12,566 |
| Total Non-Cash Share-Based Compensation        |     | $                        | 4,892,110 |     | $    | 18,594 |

Equity-classified warrants —The Company estimates the fair values of equity warrants