Company: IPST
Filing Date: 2025-12-12
Form Type: S-1/A
Source: 0001213900-25-121277
Chunk: 285

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-12
Form: S-1/A
Chunk 285
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 Exchange of Prepaid Warrants to Purchase Common Stock for Series B Preferred Stock                                |     | $                         |           4 |   |     | $    |         — |   |
| Exchange of Series A Preferred Stock and Related Warrants for Series B Preferred Stock                            |     | $                         |          42 |   |     | $    |         — |   |
| RSUs Vested                                                                                                       |     | $                         |         275 |   |     | $    |         — |   |
| Right-of-use Assets Obtained in Exchange for New Operating Lease                                                  
 Liabilities                                                                                                       |     | $                         |    (201,133 | ) |     | $    |   152,821 |   |
| Unpaid Property and Equipment Additions                                                                           |     | $                         |           — |   |     | $    |    43,081 |   |
| Deferred Transaction Costs Associated with S-1 Filing in Accounts Payable and Other Current Liabilities           |     | $                         |           — |   |     | $    |   290,204 |   |

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

F-7 Heritage Distilling Holding Company, Inc.
Notes to Condensed Consolidated Financial Statements
(unaudited) 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 that was formed 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 twowholly owned subsidiaries: Heritage Distilling Company, Inc. (“HDC”) and IP Strategy, LLC (“IP Strategy LLC”) that are included in the condensed 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. IP Strategy LLC was formed in September 2025 as a subsidiary of Heritage Distilling Holding Company, Inc. to accumulate and hold Story $IP Tokens (“$IP Tokens”), the native cryptocurrency of the Story Network, and to house validator and related cryptocurrency operations. Under the digital currency treasury strategy adopted in 2025, the Company purchases and holds $IP