Company: IPST
Filing Date: 2025-12-12
Form Type: S-1/A
Source: 0001213900-25-121277
Chunk: 349

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-12
Form: S-1/A
Chunk 349
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 reissued as warrants at $ per share.).

|                                           |     |  For the Nine 
  Months Ended 
 September 30, 
          2025 |     |      For the 
   Year Ended 
 December 31, 
         2024 |   |
|:------------------------------------------|:----|--------------:|:----|-------------:|:--|
| Weighted Average Expected Volatility      |     |           70% |     |           70 | % |
| Expected Dividends                        |     |            —% |     |            — | % |
| Weighted Average Expected Term (in years) |     |             5 |     |            5 |   |
| Risk-Free Interest Rate                   |     | 3.88% – 4.66% |     |         4.22 | % |

As of September 30, 2025 and December 31, 2024, in addition to the Contingent Legacy Shareholder Warrants discussed above, there were outstanding and exercisable warrants to purchase and , respectively, shares of common stock. As of September 30, 2025, the weighted-average remaining contractual term was years for the outstanding and exercisable warrants.

The Underwriting Agreement and the related warrants granted to the Underwriter equal % of the total proceeds raised in the Company’s November 25, 2024 initial public offering at an exercise price equal to the offering price, or warrants for shares at $ per share. To date, the underwriter has not exercised any of such warrants.

F-42 Heritage Distilling Holding Company, Inc.
Notes to Condensed Consolidated Financial Statements
(unaudited) NOTE 8 — STOCKHOLDERS’ EQUITY/(DEFICIT) (cont.) Correction for Missed Warrants.— Subsequent to the closing of the August 15, 2025 PIPE Offering, and after consultation with Roth Capital Partners, LLC the Company was notified by Roth that certain 2022 warrants promised to Roth related to the 2022 Convertible Note financing had not been issued yet. The Company and Roth are in the process of reaching agreement on the number of warrants due and will update those details in a future filing. Deferred Compensation —Beginning in May 2023, certain senior level employees elected to defer a portion of their salary until such time as the Company completed a successful public registration of its stock (which occurred on November 25, 2024). Upon success of the Company’s initial public offering,