Company: IPST
Filing Date: 2025-12-23
Form Type: 424B3
Source: 0001213900-25-125341
Chunk: 138

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-23
Form: 424B3
Chunk 138
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|:--|
| Products |                                | $                   | 2,714,000 |     | $ | 4,051,000 |     | $      | (1,337,000 | ) |
| Services |                                |                     |   780,000 |     |   | 1,259,000 |     |        | (479,000   | ) |
|          |                                | $                   | 3,494,000 |     | $ | 5,310,000 |     | $      | (1,816,000 | ) |

Net sales were approximately $3,494,000 and $5,310,000 for the nine months ended September 30, 2025 and 2024, respectively, a decrease of approximately $1,816,000, or 34.2%, period over period. The approximately $1,337,000 net decrease in products sales, period over period, included:

| Products Sales – Spirits Business 
 2025                              |     | Nine Months Ended   
 September 30,       
 (rounded to $000’s) |      2024 |     |   |    Change |     |   |            |   |
|:----------------------------------|:----|:--------------------|----------:|:----|:--|----------:|:----|:--|:-----------|:--|
| Wholesale                         |     | $                   |   957,000 |     | $ | 1,299,000 |     | $ | (342,000   | ) |
| Retail                            |     |                     | 1,757,000 |     |   | 2,526,000 |     |   | (769,000   | ) |
| Third Party                       |     |                     |         — |     |   |   226,000 |     |   | (226,000   | ) |
|                                   |     | $                   | 2,714,000 |     | $ | 4,051,000 |     | $ | (1,337,000 | ) |

•The approximately $342,000 decrease in wholesale product sales was primarily the result of reducing focus on lower margin items and the timing of orders through the wholesale channel moving between quarters. •Retail products sales included the impact of sales of our Special Operations Saluteproduct line with sales associated with that product line of approximately $401,000 and $974,000 for the nine months ended September30