8-K
Ip Strategy Holdings, Inc. (IPST)
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) March 27, 2025
HERITAGE DISTILLING HOLDING COMPANY INC.
(Exact name of registrant as specified in charter)
| Delaware | 001-42411 | 83-4558219 | |||
|---|---|---|---|---|---|
| (State or other Jurisdiction of<br>Incorporation or Organization) | (Commission File Number) | (IRS Employer<br>Identification No.) | 9668 Bujacich Road<br><br>Gig Harbor, Washington | 98332 | |
| --- | --- | ||||
| (Address of Principal Executive Offices) | (zip code) | (253) 509-0008 | |||
| --- |
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of registrant under any of the following provisions:
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|---|---|
| ☐ | Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
|---|---|---|
| Common Stock, par value $0.0001 per share | CASK | The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company x
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
8.01 Other Events
On March 27, 2025, Heritage Distilling Holding Company, Inc. (the “Company”) announced that its Cocoa Bomb Chocolate Whiskey was named “World’s Best Flavored Whiskey” by Whisky Magazine at the World Whiskies Awards in London, England. This marks an unprecedented third win for the Company in this prestigious category.
A copy of the press release announcing this event is furnished as Exhibit 99.1 to this Form 8-K.
The information under this Item 8.01, including Exhibit 99.1, is deemed “furnished” and not “filed” under Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Cautionary Note Regarding Forward-Looking Statements
The information in this Current Report on Form 8-K, including Exhibit 99.1, may contain “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act and Section 21E of the Exchange Act. Certain statements furnished pursuant to this Item 8.01 and the accompanying Exhibit 99.1 are not historical facts are forward-looking statements that reflect management’s current expectations, assumptions, and estimates of future performance and economic conditions, and involve risks and uncertainties that could cause actual results to differ materially from those anticipated by the statements made herein. Forward-looking statements are generally identifiable by the use of forward-looking terminology such as “believe,” “expect,” “may,” "looks to," “will,” “should,” “could,” “continue,” “anticipate” “optimistic,” “forecast” “intend,” “estimate,” “preliminary,” “project,” “seek,” “plan,” “looks to,” “on condition,” “target,” “potential,” “guidance,” “outlook” or “trend,” or other comparable terminology, or by a general discussion of strategy or goals or other future events, circumstances, or effects. Such statements include, but are not limited to, statements about the Company’s plans, objectives, expectations, intentions, estimates and strategies for the future, and other statements that are not historical facts. These forward-looking statements are based on the Company’s current objectives, beliefs and expectations, and they are subject to significant risks and uncertainties that may cause actual results and financial position and timing of certain events to differ materially from the information in the forward-looking statements. These risks and uncertainties include, but are not limited to, those set forth in the Company’s Registration Statement on Form S-1 (Registration No. 333-279382) (particularly under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations”), and other risks and uncertainties listed from time to time in the Company’s other filings with the SEC. There may be other factors of which the Company is not currently aware that may affect matters discussed in the forward-looking statements and may also cause actual results to differ materially from those discussed. The Company does not assume any obligation to publicly update or supplement any forward-looking statement to reflect actual results, changes in assumptions or changes in other factors affecting these forward-looking statements other than as required by law. Any forward-looking statements speak only as of the date hereof or as of the dates indicated in the statement. Further information relating to factors that may impact our results and forward-looking statements are disclosed in our filings with the SEC. The forward-looking statements contained in this report are made as of the date of this report, and we disclaim any intention or obligation, other than imposed by law, to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Description |
|---|---|
| 99.1 | Press Release dated March 27, 2025 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: March 27, 2025 | HERITAGE DISTILLING HOLDING COMPANY INC. | |
|---|---|---|
| By: | /s/ Justin Stiefel | |
| Justin Stiefel | ||
| Chief Executive Officer |
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Document
Exhibit 99.1
Heritage Distilling Co. Cocoa Bomb Chocolate Whiskey Named
“World’s Best Flavored Whiskey” at Whisky Magazine’s World Whiskies Awards
•Marks an unprecedented third win for Heritage Distilling Co. in this prestigious category
GIG HARBOR, Wash., March 27, 2025 (GLOBE NEWSWIRE) -- Heritage Distilling Holding Company, Inc. ("HDC" or "Heritage") (Nasdaq: CASK), a leading craft distiller of innovative premium brands, announced that its Cocoa Bomb Chocolate Whiskey was named “World’s Best Flavored Whiskey” by Whisky Magazine at the World Whiskies Awards in London, England. Previously, Heritage has won Whisky Magazine’s “World’s Best Flavored Whiskey” twice for Brown Sugar Bourbon.
"We are incredibly proud to have earned this prestigious global honor for the third time from the tasting panel at Whisky Magazine,” said Justin Stiefel, CEO and co-founder of Heritage. “Cocoa Bomb Chocolate Whiskey’s global flavor award from one of the most respected whiskey publications in the world is a testament to the dedication and craftsmanship our team pours into every bottle. Every whiskey we create captures the essence of true, authentic flavors, and this latest global award is proof of our efforts. To win this global category award for a third time is unprecedented in the global spirits industry, further solidifying our leading position in the rapidly growing flavored whiskey market.”
Cocoa Bomb Chocolate Whiskey is bottled at 75-proof and is naturally flavored. No artificial flavors, sweeteners or ingredients are used. Flavor notes include a burst of semi-sweet dark cocoa, cocoa nibs and a rich chocolate nose with a smooth signature whiskey finish. Cocoa Bomb Chocolate Whiskey is available in 750 ml and 50 ml size formats at select spirits retailers. It is also available in HDC tasting rooms and online for direct-to-consumer orders.
For more information about Heritage and its suite of award-winning products, visit: heritagedistilling.com.
About Heritage Distilling Holding Company, Inc.
Heritage is one of the premier independent craft distilleries in the United States, offering a diverse range of whiskeys, vodkas, gins, rums, and ready-to-drink canned cocktails. For ten consecutive years, the American Distilling Institute has recognized Heritage as North America's most awarded craft distillery out of more than 2,600 producers. In addition to winning the “World’s Best Flavored Whiskey” award an unprecedented three times by Whiskey Magazine, the company has also earned numerous Best of Class, Double Gold, and Gold medals at prestigious national and international spirits competitions. As a prominent player in the rapidly growing $288 billion spirits market, Heritage ranks among the largest craft spirits producers on the West Coast by revenue. The company is expanding its national footprint through multiple sales channels, including wholesale, e-commerce, direct-to-consumer (DTC) in 46 states, on-premises venues at its distilleries and tasting rooms, a subscription-based program, and the innovative Tribal Beverage Network (TBN). The TBN initiative is a groundbreaking collaboration with Native American tribes, aimed at developing Heritage-branded distilleries, unique brands, and tasting rooms tailored to patrons of tribal casinos and entertainment venues, creating meaningful economic and social benefits for participating tribes while offering them an opportunity to strengthen their sovereignty and create new amenities for their clients and customers. It reflects Heritage's commitment to innovation, community engagement, and sustainable growth. Heritage also raises donations for carefully vetted non-profits that support active-duty, retired, and injured special operations heroes, veterans, first responders, and their families through its Salute Series line of super-premium whiskeys. Learn more at HeritageDistilling.com.
Forward-Looking Statements
This press release contains forward-looking statements, including statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as "aims," "anticipates," "believes," "could," "estimates," "expects," "forecasts," "goal," "intends," "may," "plans," "possible," "potential," "seeks," "will," and variations of these words or similar expressions that are intended to identify forward-looking statements. Any such statements in this press release that are not statements of historical fact may be deemed to be forward-looking statements. These forward-looking statements include, without limitation, statements regarding anticipated results or benefits anticipated from awards or accolades received for Heritage’s products and the implications that may come from it.
Any forward-looking statements in this press release are based on Heritage’s current expectations, estimates and projections only as of the date of this release and are subject to a number of risks and uncertainties that could cause actual results to differ materially and adversely from those set forth in or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the risks of slowing growth for its online eCommerce sales, interruptions in that market segment, or the availability and pricing of bulk bourbon for its products. These and other risks concerning Heritage’s programs and operations are described in additional detail in its registration statement on Form S-1, and its quarterly 10-Q filings, which are on file with the SEC. Heritage explicitly disclaims any obligation to update any forward-looking statements except to the extent required by law.
Investor Contact
(800) 595-3550
ir@heritagedistilling.com