Company: IPST
Filing Date: 2025-10-16
Form Type: S-1/A
Source: 0001213900-25-099309
Chunk: 103

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-10-16
Form: S-1/A
Chunk 103
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 market share. •The Oregon Liquor Control Commission (the “OLCC”) may not approve some or all of our products for listing and sale in the state or in our tasting rooms located in Oregon. •The OLCC could deny our request to open additional tasting rooms in the state of Oregon, thereby stranding equipment and capital and materially impacting our plan to generate more retail sales in our own locations. Risks Related to Ownership of Our Common Stock The market price of our common stock may be highly volatile, and you could lose all or part of your investment. Prior to our initial public offering in November 2024, there was no public market for the shares of our common stock. The offering price for the shares sold in our initial public offering was determined by negotiation between the underwriters and us. Shares of companies offered in an initial public offering often trade at a discount to the initial offering price due to underwriting discounts and commissions and related offering expenses. As a result, the trading price of our common stock is likely to be volatile, which may prevent you from being able to sell your shares at or above the public offering price. The market price of our common stock could be subject to wide fluctuations in response to a variety of factors, which include: •actual or anticipated fluctuations in our financial condition and operating results; •announcements of new product offerings or technological innovations by us or our competitors; •announcements by our customers, partners or suppliers relating directly or indirectly to our products, services or technologies; •overall conditions in our industry and market; •addition or loss of significant customers; •changes in laws or regulations applicable to our products or to cryptocurrencies generally or $IP tokens specifically; •fluctuations in the market price or the market acceptance of $IP tokens; •actual or anticipated changes in our growth rate relative to our competitors; •announcements by us or our competitors of significant acquisitions, strategic partnerships, joint ventures, capital commitments or achievement of significant milestones; •additions or departures of key personnel; 56 •competition from existing products or new products that may emerge; •fluctuations in the valuation of companies perceived by investors to be comparable to us; •disputes or other developments related to proprietary rights, including patents, litigation matters or our ability to obtain intellectual property protection for our technologies; •announcement or expectation of additional financing efforts; •sales of our common stock by us or our stockholders; •stock price and volume fluctuations attributable to inconsistent trading volume levels of our shares; •reports, guidance and