Company: IPST
Filing Date: 2025-02-04
Form Type: 424B3
Source: 0001213900-25-010139
Chunk: 84

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-02-04
Form: 424B3
Chunk 84
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 appear to
be more accepting of certain cryptocurrency holdings and processes for companies like ours, a federal or state government agency or elected
body could alter its stance or regulations on businesses using, accepting and holding cryptocurrencies which could negatively impact our
plans, revenue sources, assets or balance sheet. These risks include, but are not limited to, changes in how we must value any cryptocurrencies
we hold, which could impact our balance sheet and income statement, or our ability to hold, use or dispose of them. In addition, new forms
of taxation on the receipt, accumulation, acquisition, holding, storing., transferring, selling or otherwise using of such cryptocurrencies
which could alter, diminish or destroy the value proposition for such cryptocurrencies or how we value any cryptocurrencies we may hold
at that time, which could negatively impact our balance sheet or income statement.

Risks Related to this Offering and 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; |

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| ● | addition or loss of significant customers; |

| ● | changes in laws or regulations applicable to our products; |

| ● | 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