Company: IPST
Filing Date: 2025-02-04
Form Type: 424B3
Source: 0001213900-25-010139
Chunk: 277

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-02-04
Form: 424B3
Chunk 277
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 Financial Statements
(unaudited)</div>

NOTE 8 — FAIR VALUE MEASUREMENT (cont.)

The following table provides a roll forward of the aggregate fair values of the Company’s financial instruments described above, for which fair value is determined using Level 3 inputs:

See Note (1) below

|                                     |     | 2022 and 2023 
 Convertible   
 Notes         |             |   |     | Whiskey     
 Special Ops 
 Notes       |            |     | 2022 Notes  
 Warrant     
 Liabilities |         |     | Whiskey           
 Special Ops Notes 
 Warrant           
 Liabilities       |            |   |     | Acquisition 
 Contingency 
 Liabilities |          |   |
|:------------------------------------|:----|:--------------|------------:|:--|:----|:------------|-----------:|:----|:------------|--------:|:----|:------------------|-----------:|:--|:----|:------------|---------:|:--|
| Balance as of December 31, 2022     |     | $             |   8,041,000 |   |     | $           |          - |     | $           | 433,000 |     | $                 |          - |   |     | $           |        - |   |
| Issuance(1)                         |     |               |   5,577,126 |   |     |             |    261,596 |     |             |  12,874 |     |                   |    313,404 |   |     |             |        - |   |
| Change in Fair Value(1)             |     |               |  20,230,983 |   |     |             |          - |     |             | 345,709 |     |                   |          - |   |     |             |        - |   |
| Balance as of September 30, 2023    |     | $             |  33,849,109 |   |     | $           |    261,596 |     | $           | 791,583 |     | $                 |    313,404 |   |     | $           |        - |   |
| Balance as of December 31, 2023(1)  |     | $             |  36,283,891 |   |     | $           |  1,452,562 |