Company: IPST
Filing Date: 2025-12-23
Form Type: 424B3
Source: 0001213900-25-125341
Chunk: 154

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-23
Form: 424B3
Chunk 154
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 (which generated almost a full quarter of retail tasting room revenue in early 2023); offset by increased sales as a result of our acquisition of TTS in February 2024 (and the resulting increase from sales of TTS products and revenue from the acquired TTS tasting room in Eugene, Oregon). •The approximately $825,000 increase in third -partyproducts sales was primarily a result of our production of bulk whiskey produced and barreled under contract for third parties, barreled whiskey sold to third parties, and royalties from spirits sales under the new TBN model. The approximately $1,048,000 decrease in net sales of services period over period included:

| Services Sales         
 2024                   |     | Years Ended December 31, 
 (rounded to $000’s)      |      2023 |     |   |    Change |     |   |            |   |
|:-----------------------|:----|:-------------------------|----------:|:----|:--|----------:|:----|:--|-----------:|:--|
| Third Party Production |     | $                        |    99,000 |     | $ | 1,094,000 |     | $ |   (995,000 | ) |
| Retail Services        |     |                          | 1,442,000 |     |   | 1,387,000 |     |   |     55,000 |   |
| Consulting and Other   |     |                          |   246,000 |     |   |   354,000 |     |   |   (108,000 | ) |
|                        |     | $                        | 1,787,000 |     | $ | 2,835,000 |     | $ | (1,048,000 | ) |

•The approximately $995,000 decrease in third -partyproduction resulted from the ending of a low -marginthird -partybottling contract as of January31, 2024. The bulk of our revenue in this category included production services revenue related to a contract we had to produce a gin for a large international spirit brand owner as we made the choice to focus our time, energy and resources on higher margin activities. Lesser amounts of revenue in this category in 2024 came from contract bottling services; and third -partybarrel sales and storage revenues. •The approximately $55,000 increase in retail services included Cask Club sales increasing $29,000 and Cocktail/T