| (Check One): | ☐ Form 10-K ☐ Form 20-F ☐ Form 11-K ☒ Form 10-Q ☐ Form 10-D ☐ Form N-SAR ☐ Form N-CSR | ||||||||||
For Period Ended: September 30, 2025 | |||||||||||
☐ Transition Report on Form 10-K | |||||||||||
☐ Transition Report on Form 20-F | |||||||||||
☐ Transition Report on Form 11-K | |||||||||||
☐ Transition Report on Form 10-Q | |||||||||||
☐ Transition Report on Form N-SAR | |||||||||||
| For the Transition Period Ended: ____________ | |||||||||||
Read Instruction (on back page) Before Preparing Form. Please Print or Type. Nothing in this form shall be construed to imply that the Commission has verified any information contained herein. | ||
| Heritage Distilling Holding Company, Inc. | ||
| Full Name of Registrant | ||
| N/A | ||
| Former Name if Applicable | ||
| 9668 Bujacich Road | ||
Address of Principal Executive Office (Street and Number) | ||
| Gig Harbor, Washington 98332 | ||
| City, State and Zip Code | ||
| (a) | The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense; | |||||||
☒ | (b) | The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q, or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and | ||||||
| (c) | The accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable. | |||||||
| (1) | Name and telephone number of person to contact in regard to this notification | ||||
| Justin Stiefel, Chief Executive Officer | (253) | 509-0008 | ||||||||||||
| (Name) | (Area Code) | (Telephone Number) | ||||||||||||
| (2) | Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed ? If answer is no, identify report(s). | ||||
☒ Yes ☐ No | |||||
| (3) | Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof? | ||||
☒ Yes ☐ No | |||||
| The Registrant expects to report net revenues of approximately $3.0 million for the quarter ended September 30, 2025 compared $1.8 million for the quarter ended September 30, 2024, an increase of approximately $1.2 million, or 69.7%, period over period. The increase in net revenues resulted primarily from approximately $1.9 million in new revenue for the quarter tied to the Registrant’s $IP token validator service that was launched on September 18, 2025. | |||||
| The Registrant expects to report net income (after tax) of approximately $196.3 million for the quarter ended September 30, 2025 compared to a net loss of approximately $3.4 million for the quarter ended September 30, 2024. Of the third quarter 2025 net income, approximately $245.8 million is expected to be attributable to the change in fair value of the Registrant’s intangible digital assets based on the $IP token’s closing price as of September 30, 2025, which amount is expected to be offset by a liability of approximately $49.4 million attributable to estimated deferred federal income taxes attributable to such change in fair value of intangible digital assets, which has not yet been offset by any of the Registrant’s 2024 net operating loss carryforwards of $61.2 million. | |||||
| Date: November 17, 2025 | By: | /s/ Justin Stiefel | ||||||
| Justin Stiefel | ||||||||
| Chief Executive Officer | ||||||||