Company: IPST
Filing Date: 2025-08-26
Form Type: S-1
Source: 0001213900-25-080839
Chunk: 421

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-08-26
Form: S-1
Chunk 421
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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 December 31, 2024 there were outstanding and exercisable: 725,608 $8 Contingent Legacy Shareholder Warrants; 1,451,216 $12 Contingent Legacy Shareholder Warrants; and 1,814,020 $20 Contingent Legacy Shareholder Warrants, (of which 115,456; 230,912; and 288,640, respectively were to a related party). NOTE 16 — 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) per share by dividing net income/(loss) for the period by the weighted -averagenumber of common shares outstanding during the period, plus the dilutive effect of the stock options, RSU awards and exercisable F-98

Heritage Distilling Holding Company, Inc.
Notes to Consolidated Financial Statements NOTE 16 — BASIC AND DILUTED NET INCOME / (LOSS) PER SHARE(cont.) common stock warrants, as applicable pursuant to the treasury stock method, and the convertible notes, as applicable pursuant to the if -convertedmethod. The following table sets forth the computation of basic and diluted net income/(loss) per share:

| Basic earnings per share of common stock:                   
 Numerator:                                                  |     | For the Years Ended 
 December 31,        
 2024                |             |   |     | 2023 |             |   |
|:------------------------------------------------------------|:----|:--------------------|------------:|:--|:----|:-----|------------:|:--|
| Net Income/(Loss) for the period                            |     | $                   |     710,458 |   |     | $    | (36,798,419 | ) |
| Preferred stock dividend                                    |     | $                   |    (492,366 | ) |     | $