Company: IPST
Filing Date: 2025-01-27
Form Type: S-1
Source: 0001213900-25-006695
Chunk: 280

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-01-27
Form: S-1
Chunk 280
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3,819,542 |   |     |      |           - |   |
| Warrants                                                    |     |                                         |     331,722 |   |     |      |           - |   |
| Weighted average number of shares of common stock - diluted |     |                                         |   4,579,822 |   |     |      |     381,518 |   |
| Net Income (Loss) per share of common stock - diluted       |     | $                                       |       (3.12 | ) |     | $    |      (82.94 | ) |

F-38 Heritage Distilling Holding Company, Inc.
Notes to Condensed Consolidated Financial Statements
(unaudited) NOTE 15 — BASIC AND DILUTED NET LOSS PER SHARE (cont.)

Diluted earnings per share reflect the potential
dilution of securities that could share in the earnings of an entity.

|                                          |     | For the Nine Months Ended September 30, |           |     |      |         |
|                                          |     |                                    2024 |           |     | 2023 |         |
| ISOs                                     |     |                                         |     6,011 |     |      |   6,187 |
| RSUs                                     |     |                                         |   243,089 |     |      | 117,004 |
| Equity-classified Warrants               |     |                                         |   337,495 |     |      |  70,308 |
| Liability-classified Warrants 2022 Notes |     |                                         |   908,334 |     |      |  59,221 |
| Convertible Notes                        |     |                                         | 2,946,015 |     |      | 144,524 |
| Preferred Stock                          |     |                                         | 1,065,296 |     |      |       0 |
| Total                                    |     |                                         | 5,506,240 |     |      | 397,244 |

NOTE 16 — SUBSEQUENT EVENTS For its condensed consolidated financial statements as of September 30, 2024 and for the period then ended, the Company evaluated subsequent events through the date these financial statements were issued. Other than the items noted below, there were no subsequent events identified for disclosure as of the date the financial statements were issued. Subsequent to September 30, 2024, on November 25, 2025, the Company consummated its IPO whereby it