Company: IPST
Filing Date: 2025-10-16
Form Type: S-1/A
Source: 0001213900-25-099309
Chunk: 357

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-10-16
Form: S-1/A
Chunk 357
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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 100,000prepaid warrants for the period ended June 30, 2025. 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 subtracts the related gains from changes in their respective fair values from net income/(loss). The following number of shares of

F-42

Heritage Distilling Holding Company, Inc.
Notes to Condensed Consolidated Financial Statements
(unaudited) NOTE 13 — BASIC AND DILUTED NET INCOME/(LOSS) PER SHARE (cont.)

common stock from the potential exercise or conversion of outstanding potentially dilutive securities were excluded from the computation of diluted net income/(loss) per share attributable to common stockholders for the periods presented because including them would have been antidilutive:

|                                                 |     | For the Three and Six Months 
               Ended June 30, |     |           |
|                                                 |     |                         2024 |     |      2024 |
| ISOs                                            |     |                        2,413 |     |     6,164 |
| RSU Awards                                      |     |                            — |     |   243,089 |
| Equity-classified Warrants                      |     |                    2,942,600 |     |   148,649 |
| Liability-class