Company: IPST
Filing Date: 2025-12-19
Form Type: S-1/A
Source: 0001213900-25-123872
Chunk: 319

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-19
Form: S-1/A
Chunk 319
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39,247 |   |
| City of Eugene            |     |   |       304,817 |     |   |      389,875 |   |
| Total Notes Payable       |     |   |     2,596,627 |     |   |   13,381,016 |   |
| Less: Debt Issuance Costs |     |   |             — |     |   |     (140,082 | ) |
|                           |     | $ |     2,596,627 |     | $ |   13,240,934 |   |

In March and September 2021, the Company executed a secured term loan agreement and an amendment with Silverview Credit Partners, L.P. (the “Silverview Loan”) for an aggregate borrowing capacity of $. As of September 30, 2025 and December 31, 2024, the outstanding balance of the Silverview Loan was $ and $, respectively.

In July 2025, the Company negotiated terms with the Silverview Loan secured notes payable creditor, whereby upon closing the August 15, 2025 PIPE transaction, in settlement of the then-outstanding balance due of $, the Company paid Silverview a total of $ in cash and warrants (with a value of

F-24 Heritage Distilling Holding Company, Inc.
Notes to Condensed Consolidated Financial Statements
(unaudited) NOTE 5 — BORROWINGS (cont.) $ 2,963,624) in exchange for the entire loan amount being considered to be paid in full. The remaining $ 2,610,627balance that was otherwise due was recognized by the Company as a gain on settlement and was included as Extinguishment of Debt expense in the September 30, 2025 statement of operations. In April 2020, the Company was granted a loan under the Paycheck Protection Program (“PPP”) offered by the Small Business Administration (the “SBA”) under the Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”), Section 7(a)(36) of the Small Business Act for $ 3,776,100. The proceeds from the PPP loan may only be used to retain workers and maintain payroll or make mortgage interest, lease and utility payments and all or a portion of the loan may be forgiven if the proceeds are used in accordance with the terms of the program within the 8or 24 -weekmeasurement period. The loan terms require the principal balance and