Company: IPST
Filing Date: 2025-12-23
Form Type: 424B3
Source: 0001213900-25-125341
Chunk: 147

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-23
Form: 424B3
Chunk 147
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 related cost of sales upon beginning our validator service on September 18, 2025. Gross Profit Analysis — Crypto and Related Business Gross Margin numbers above are based on the total revenues for the nine months ended September 30, 2025 and 2024 as follows:

| Total Revenues – Crypto and Related   
 2025                                  |     | Nine Months Ended   
 September 30,       
 (rounded to $000’s) |      2024 |     |   |   |     | Change |           |
|:--------------------------------------|:----|:--------------------|----------:|:----|:--|:--|:----|:-------|----------:|
| Blockchain rewards/Validator business |     | $                   | 1,909,000 |     | $ | — |     | $      | 1,909,000 |
|                                       |     | $                   | 1,909,000 |     | $ | — |     | $      | 1,909,000 |

•Gross margin was approximately 97.2% and 0% for the nine months ended September30, 2025 and 2024, respectively, based upon total net revenues of approximately $1,855,000 and $0, respectively. Sales and Marketing Expenses Sales and marketing expenses were approximately $4,310,000 for the nine months ended September 30, 2025 compared to approximately $3,760,000 for the nine months ended September 30, 2024. This approximately $550,000 increase included:

| Sales and Marketing Expense                
 2025                                       |     | Nine Months Ended   
 September 30,       
 (rounded to $000’s) |      2024 |     |   |           |     | Change |          |   |
|:-------------------------------------------|:----|:--------------------|----------:|:----|:--|----------:|:----|:-------|---------:|:--|
| Personnel – Cash Wages and Related Expense |     | $                   | 2,159,000 |     | $ | 2,074,000 |     | $      |   85,000 |   |
| Personnel – Share-Based Compensation       |     |                     |   647,000 |     |   |         — |     |        |  647,000 |   |
| Tasting Room                               |     |                     |    63,000 |     |   |   109,000 |