Heritage Distilling Holding Company Inc.

04/28/2025 | Press release | Distributed by Public on 04/28/2025 10:07

Amendment to Annual Report (Form 10-K/A)

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________________________________
FORM 10-K/A
(Amendment No. 1)
______________________________________
(Mark One)
x
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2024
OR
☐
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from _________ to _________
Commission file number 001-42411
______________________________________
HERITAGE DISTILLING HOLDING COMPANY, INC.
______________________________________
(Exact name of registrant as specified in its charter)
Delaware 83-4558219
(State or other jurisdiction of incorporation
or organization)
(I.R.S. Employer Identification No.)
9668 Bujacich Road, Gig Harbor, Washington
98332
(Address of Principal Executive Offices)
(Zip Code)
(253) 509-0008
Registrant's telephone number, including area code
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 $.0001 per share
CASK
The NASDAQ Stock Market LLC
Securities registered pursuant to section 12(g) of the Act: None
Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.
Yes oNo x
Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.
Yes oNo x
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
Yes xNo o
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).
Yes xNo o
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.
Large accelerated filer
o
Accelerated filer
o
Non-accelerated filer
x
Smaller reporting company
x
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
Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.
o
If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.
o
Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant's executive officers during the relevant recovery period pursuant to §240.10D-1(b).
o
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).
Yes oNo x
As of June 28, 2024, the last business day of the registrant's most recently completed second fiscal quarter, the registrant's common stock was not listed on any exchange or over-the-counter market. The registrant's common stock began trading on The Nasdaq Capital Market on November 25, 2024.
The number of shares of Heritage Distilling Holding Company, Inc. common stock outstanding as of April 25, 2025 was 6,921,564.
DOCUMENTS INCORPORATED BY REFERENCE
DOCUMENT DESCRIPTION 10-K PART
Not Applicable
EXPLANATORY NOTE
Heritage Distilling Holding Company Inc. (the "Company") is filing this Amendment No. 1 on Form 10-K/A (this "Amendment") to amend the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024 (the "Original Filing"), which was originally filed with the U.S. Securities and Exchange Commission (the "SEC") on April 28, 2025 (the "Original Filing Date"). The sole purpose of this Amendment is to supplement the Exhibits contained in Item 15(a) of Part IV of the Original Filing to include Exhibit 97, the Company's Clawback Policy, which was adopted by the Company's board of directors on November 21, 2024 and was inadvertently omitted in the Original Filing.
This Amendment is an exhibit-only filing. Except as described above, no changes have been made to the Original Filing and this Amendment does not modify, amend or update in any way any of the financial or other information contained in the Original Filing. This Amendment does not reflect events that may have occurred subsequent to the Original Filing Date. Accordingly, this Amendment should be read in conjunction with the Original Filing and the Company's other filings with the SEC.
Pursuant to Rule 12b-15 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), currently dated certifications are filed herewith as exhibits to this Amendment pursuant to Rule 13a-14(a) or 15d-14(a) of the Exchange Act under Item 15(a) of Part IV hereof. Because no financial statements have been included in this Amendment and this Amendment does not contain any disclosure with respect to Items 307 and 308 of Regulation S-K, paragraphs 3, 4, and 5 of the certifications have been omitted. Similarly, because no financial statements have been included in this Amendment, certifications pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 have been omitted.
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PART IV
Item 15. Exhibits, Financial Statement Schedules
(a)(3) Exhibits
The Exhibits listed in the Exhibit Index are filed as part of this annual report on Form 10-K. Each management contract or compensatory plan or agreement listed on the Exhibit Index is identified by a hashtag.
EXHIBIT INDEX
Exhibit Incorporated by Reference
Number Description of Exhibits Form File No. Exhibit Filing Date
3.1 8-K 001-42411 3.1 November 26, 2024
3.2 8-K 001-42411 3.2 November 26, 2024
3.3 S-1 333-279382 3.8 October 3, 2024
3.4 8-K 001-42411 3.1 January 24, 2025
4.1 S-1 333-279382 4.1 August 28, 2024
4.2 8-K 001-42411 4.1 November 26, 2024
4.3 S-1 333-279382 4.3 July 5, 2024
4.4 S-1 333-279382 4.4 August 28, 2024
4.5 S-1 333-279382 4.5 May 13, 2024
4.6 S-1 333-279382 4.6 May 13, 2024
4.7 S-1 333-279382 4.7 July 5, 2024
4.8 S-1 333-279382 4.8 October 25, 2024
4.9 8-K 001-42411 4.2 November 26, 2024
4.10
10-5 001-42411 4.10 April 28, 2025
10.1 S-1 333-279382 10.1 May 13, 2024
10.2 S-1 333-279382 10.2 May 13, 2024
2
Exhibit Incorporated by Reference
Number Description of Exhibits Form File No. Exhibit Filing Date
10.3 S-1 333-279382 10.9 October 3, 2024
10.4
S-1
333-284509
10.4
January 27, 2025
10.5 S-1 333-2793852 10.4 May 13, 2024
10.6 S-1 333-279382 10.5 August 28, 2024
10.7 S-1 333-279382 10.6 October 3, 2024
10.8 S-1 333-279382
10.7
October 25, 2024
10.9 S-1 333-279382 10.11 October 25, 2024
10.10 S-1 333-279382 10.8 October 3, 2024
10.11 8-K 001-42411 10.1 January 24, 2025
10.12 8-K 001-42411 10.2 January 24, 2025
19
10-K 001-42411 19 April 28, 2025
21.1 10-K 001-42411 21.1 April 28, 2025
31.1
Certification of the Chief Executive Officer pursuant to Exchange Act Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002†
31.2
Certification of the Chief Financial Officer pursuant to Exchange Act Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002†
32
10-K 001-42411 32 April 28, 2025
97
Heritage Distilling Holding Company, Inc. Clawback Policy adopted November 21, 2024†
101.SCH Inline XBRL Taxonomy Extension Schema Document.†
101.LAB
Inline XBRL Taxonomy Extension Label Linkbase Document.†
101.PRE
Inline XBRL Taxonomy Extension Presentation Linkbase Document.†
104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101).
# Indicates a management contract or compensatory plan.
†
Filed herewith
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SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
HERITAGE DISTILLING HOLDING COMPANY, INC.
Date: April 28, 2025 By: /s/ Justin Stiefel
Justin Stiefel
Chief Executive Officer
4