Company: IPST
Filing Date: 2025-12-19
Form Type: S-1/A
Source: 0001213900-25-123872
Chunk: 373

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-19
Form: S-1/A
Chunk 373
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         — |
| Conversion of Whiskey Notes and Related Warrant Liabilities to Equity                                             |     | $                           | 11,784,068 |     | $    |         — |
| Exercise of Warrants to Purchase Common Stock                                                                     |     | $                           |         32 |     | $    |         — |
| Common Stock Exchanged for Prepaid Warrants (2022 and 2023 Convertible Notes)                                     |     | $                           |        193 |     | $    |         — |
| Common Stock Exchanged for Prepaid Warrants (Whiskey Notes and related Warrant Liabilities)                       |     | $                           |        197 |     | $    |         — |
| Prepaid Warrants Issued in Exchange for Common Stock                                                              |     | $                           |          3 |     | $    |         — |

The accompanying notes are an integral part of these consolidated financial statements.

F-61 Heritage Distilling Holding Company, Inc.
Notes to Consolidated Financial Statements NOTE 1 — DESCRIPTION OF OPERATIONS AND BASIS OF PRESENTATION Description of operations— Heritage Distilling Holding Company, Inc. (“HDHC” or the “Company”) is a Delaware corporation, for the purpose of investing in, managing, and/or operating businesses that are engaged in the production, sale, or distribution of alcoholic beverages. The Company is headquartered in Gig Harbor, Washington and has onewholly owned subsidiary, Heritage Distilling Company, Inc. (“HDC”), that is included in the consolidated financial statements. HDC has operated since 2011 as a craft distillery making a variety of whiskeys, vodkas, gins and rums as well as Ready -to-Drink(“RTD”) beverages and operates distillery tasting rooms in Washington and Oregon. Initial Public Offering —On November 25, 2024, the Company closed an initial public offering (“IPO”) of 84,375shares of common stock at $ 80.00per share. Concurrently, the Company also closed a private offering of 19,110common warrants to purchase shares of common stock with an exercise price of $ 0.20per share at $ 79.80per warrant. (See Note 9.) Subsequent Registration of Common Stock —Subsequent to December 31, 2024, on January 24, 2025, the Company filed a Form S -1Registration Statement under the Securities Act of 1933 to register up to a maximum of