Company: IPST
Filing Date: 2025-12-23
Form Type: 424B3
Source: 0001213900-25-125341
Chunk: 144

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-23
Form: 424B3
Chunk 144
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 engineering support, consulting services, and blockchain transaction fees related to crypto operating activities. There were no comparable cost of sales in 2024 as we began recognizing staking and validator revenues and incurring related cost of sales once our validator services was operational on September 18, 2025.

| Cost of Sales – Crypto and Related 
 2025                               |     | Nine Months Ended   
 September 30,       
 (rounded to $000’s) |   2024 |     |   |   |     | Change |        |
|:-----------------------------------|:----|:--------------------|-------:|:----|:--|:--|:----|:-------|-------:|
| Crypto and Related expenses        |     | $                   | 53,000 |     | $ | — |     | $      | 53,000 |
|                                    |     | $                   | 53,000 |     | $ | — |     | $      | 53,000 |

Gross Profit — Spirits Business Gross profit was approximately $476,000 and $1,786,000 for the nine months ended September 30, 2025 and 2024, respectively, a decrease of approximately $1,310,000, or 73.3%, period over period, and included:

| Total Gross Profit – Spirits Business 
 2025                                  |     | Nine Months Ended   
 September 30,       
 (rounded to $000’s) |          | 2024 |     |   |           |     | Change |            |   |
|:--------------------------------------|:----|:--------------------|---------:|:-----|:----|:--|----------:|:----|:-------|:-----------|:--|
| Products                              |     | $                   | (257,000 | )    |     | $ |   622,000 |     | $      | (879,000   | ) |
| Services                              |     |                     |  733,000 |      |     |   | 1,164,000 |     |        | (431,000   | ) |
|                                       |     | $                   |  476,000 |      |     | $ | 1,786,000 |     | $      | (1,310,000 | ) |

| Total Gross Margin – Spirits Business |     | Nine Months Ended 
     September 30, |      |     |      |   |     | Change |    |
|