Company: IPST
Filing Date: 2025-08-26
Form Type: S-1
Source: 0001213900-25-080839
Chunk: 167

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-08-26
Form: S-1
Chunk 167
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 of June 30, 2025 ($12,620,345 as of August 7, 2025, including settlement fees and expenses 99

and additional accrued interest) negotiated to be settled for $7,046,094 in cash, $2,963,624 of warrants with the remaining $2,610,627 recognized as a gain on settlement in the (third quarter) statement of operations; and, b) an aggregate of $3,792,767 of our unsecured accounts payable as of June 30, 2025 settled for $1,816,250 in cash, $851,628 in Settlement Equity with the remaining $1,124,889 to be recognized in the (third quarter) statement of operations. The following table sets forth a summary of our historical financial data as of, and for the periods ended on, the dates indicated. The operating data for the years ended December 31, 2024 and 2023 and the balance sheet data as of December 31, 2024 and 2023 have been derived from our audited consolidated financial statements. The operating data for the six months ended June 30, 2025 and 2024 and the balance sheet data as of June 30, 2025 have been derived from our unaudited interim condensed consolidated financial statements. The unaudited interim condensed consolidated financial statements were prepared on the same basis as our audited consolidated financial statements. In our opinion, such financial statements include all adjustments, consisting of normal recurring adjustments, that we consider necessary for a fair presentation of the financial information for those periods. The summary financial data should be read with the financial statements and the accompanying notes. In addition, the summary financial data should be read in conjunction with the section entitled “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in this prospectus.

| 2025                                          
 Operating Data:                               |     | Pro Forma  
 Six Months 
 Ended      
 June 30,   
 2025(1)    |            | 2024 |     | Six Months Ended 
 June 30,         |             | 2024 |     |   |            | 2023 |     | Year Ended   
 December 31, |             |   |     |   |             |   |
|:----------------------------------------------|:----|:-----------|-----------:|:-----|:----|:-----------------|------------:|:-----|:----|:--|-----------:|:-----|