Company: IPST
Filing Date: 2025-12-19
Form Type: S-1/A
Source: 0001213900-25-123872
Chunk: 434

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-19
Form: S-1/A
Chunk 434
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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 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”).

F-93

Heritage Distilling Holding Company, Inc.
Notes to Consolidated Financial Statements NOTE 9 — STOCKHOLDERS’ EQUITY/(DEFICIT) (cont.)

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.

|                                                                              |     | For the Years Ended 
        December 31, |     |      |
|                                                                              |     |                2024 |     | 2023 |
| 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% |     |      |

As of December 31, 2024 there were outstanding and exercisable: $ Contingent Legacy Shareholder Warrants; $ Contingent Legacy Shareholder Warrants; and $ Contingent