Company: IPST
Filing Date: 2025-08-15
Form Type: 424B3
Source: 0001641172-25-024441
Chunk: 32

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-08-15
Form: 424B3
Chunk 32
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 (including $27,000 of fees) related to this July 2024 factoring agreement, which was exchanged for 27,700 shares of Series A Preferred Stock, including 12,500 warrants to purchase shares of common stock at the lesser of $5.00 per share or the price per share at which the common stock is sold in the Company’s initial public offering. Upon the November 25, 2024 initial public offering at $4.00 per share, the 12,500 warrants at $5.00 per share were recalculated and reissued as 15,625 warrants at $4.00 per share.

As of June 30, 2025, the principal repayments of the Company’s debt measured on an amortized basis of $13,081,016 will be due within five years from the issuance of these condensed consolidated financial statements. The outstanding principal repayments due within the next 12 months of $3,989,991 and 3,758,595, respectively, net of debt issuance costs of $70,574 and 140,082, respectively, was classified as a current liability on the Company’s consolidated balance sheet as of June 30, 2025 and December 31, 2024. The outstanding principal repayments due after the next 12 months of $8,989,438, net of debt issuance cost of $50,261, was classified as a long-term liability on the Company’s consolidated balance sheet as of June 30, 2025.

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<div align='center'>Heritage Distilling Holding Company, Inc.

Notes to Condensed Consolidated Financial Statements

(unaudited)</div>

NOTE 5 — BORROWINGS(cont.)

The following table represents principal repayments from 2025 and the years through 2029 and thereafter:

| Years Ending 
 2025         
 2026         
 2027         
 2028         
 2029         
 thereafter   |     | Amount |  3,544,917 
  9,230,229 
     66,789 
    239,081 
          — 
          — |
|:-------------|:----|:-------|-----------:|
|              |     | $      | 13,081,016 |

Liabilities for Deferred Revenue— During 2023, the Company entered into a distilled spirits barreling production agreement with a related party for production of 1,200 barrels of distilled spirits over time. There was a