Company: IPST
Filing Date: 2025-08-15
Form Type: 424B3
Source: 0001641172-25-024441
Chunk: 73

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-08-15
Form: 424B3
Chunk 73
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,698 | ) |     | $    | (11,165,333 | ) |
| Denominator:                                                   |     |                                       |            |   |     |      |            |   |     |                                     |             |   |     |      |             |   |
| Weighted average number of shares of common stock - basic(1)   |     |                                       | 11,000,519 |   |     |      |    421,799 |   |     |                                     |  10,335,057 |   |     |      |     421,799 |   |
| Conversion of Convertible Notes into Common Stock              |     |                                       |          — |   |     |      |  3,819,542 |   |     |                                     |           — |   |     |      |   3,819,542 |   |
| Conversion of Warrants into Common Stock                       |     |                                       |          — |   |     |      |    331,722 |   |     |                                     |           — |   |     |      |     331,722 |   |
| Weighted average number of shares of common stock - diluted(1) |     |                                       | 11,000,519 |   |     |      |  4,573,063 |   |     |                                     |  10,335,057 |   |     |      |   4,573,063 |   |
| Net Income / (Loss) per share of common stock - diluted        |     | $                                     |      (0.77 | ) |     | $    |       1.29 |   |     | $                                   |       (1.16 | ) |     | $    |       (2.44 | ) |

(1) Includes 100,000 prepaid warrants for the period ended June 30, 2025.

| 41 |

<div align='center'>Heritage Distilling Holding Company, Inc.

Notes to Condensed Consolidated Financial Statements

(unaudited)</div>

NOTE 13 — BASIC AND DILUTED NET LOSS PER SHARE(cont.)

Diluted earnings / (loss) per share reflect the potential dilution of securities that could share in the earnings of an entity. For the three and six months ended June 30, 2024, the calculation of diluted earnings per share includes the dilutive effect of shares issued for the conversion of the convertible notes and related warrants and