Company: IPST
Filing Date: 2025-12-12
Form Type: S-1/A
Source: 0001213900-25-121277
Chunk: 347

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-12
Form: S-1/A
Chunk 347
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 to a related party) when the -Trading-Day VWAP of the common stock reaches % of the $ per share initial public offering price (or $ per share), and that will expire on the -month anniversary of the Company’s initial public offering (the “$ Contingent Legacy Shareholder Warrants”);

•Tranche 2 — for up to shares of common stock (of which up to were to a related party) when the 10-Trading-Day VWAP of the common stock reaches % of the $ per share initial public offering price (or $ per share), and that will expire on the -month anniversary of the Company’s initial public offering (the “$ Contingent Legacy Shareholder Warrants”); and,

•Tranche 3 — for up to shares of common stock (of which up to were to a related party) when the -Trading-Day VWAP of the common stock reaches % of the $ per share initial public offering price (or $ per share), and that will expire on the -month anniversary of the Company’s initial public offering (the “$ Contingent Legacy Shareholder Warrants”).

The Company recorded a value of $ for the Contingent Legacy Shareholder Warrants as of the October 30, 2024 grant date based on a Black Scholes option pricing model.

| Weighted Average Expected Volatility                                         |     |             70% |
| Expected Dividends                                                           |     |              —% |
| Weighted Average Expected Term (in years)                                    |     |               5 |
| Risk-Free Interest Rate                                                      |     |           4.22% |
| Probability Scenarios of meeting contingencies                               |     |                 |
| Shareholder holds shares owned on May 31, 2023 through warrant exercise date |     |      95% to 75% |
| Common stock attains a specified 10-Trading-Day VWAP price before expiring   |     | 0.025% to 2.25% |

F-41

Heritage Distilling Holding Company, Inc.
Notes to Condensed Consolidated Financial Statements
(unaudited) NOTE 8 — STOCKHOLDERS’ EQUITY/(DEFICIT) (cont.)

As of September 30, 2025, there were outstanding and exercisable: $ Contingent Legacy Shareholder Warrants; $ Contingent Legacy Shareholder Warrants; and $ Contingent Legacy Shareholder Warrants, (of which ; ; and,