Company: IPST
Filing Date: 2025-10-16
Form Type: S-1/A
Source: 0001213900-25-099309
Chunk: 106

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-10-16
Form: S-1/A
Chunk 106
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 to be listed and traded on the Nasdaq Capital Market. If at any time during the Compliance Period, the bid price of our common stock closes at or above $1.00 per share for a minimum of ten (10) consecutive business days, Nasdaq will provide us with written confirmation of compliance with the Minimum Bid Price Requirement and the matter will be closed. If we do not regain compliance by April13, 2026, then Nasdaq will notify us of its determination to delist our common stock from trading on Nasdaq. Although we would have an opportunity to appeal the delisting determination to a hearings panel, under Nasdaq rules, our delisting from Nasdaq would be effective on or about April14, 2026. While we intend to continuously monitor the closing bid price for our common stock and are in the process of considering various measures to resolve the deficiency and regain compliance with the Minimum Bid Price Requirement, there can be no assurance that we will be able to regain or maintain compliance with the Minimum Bid Price Requirement or any other Nasdaq listing standards, that Nasdaq will grant us any additional extension of time to regain compliance with the Minimum Bid Price Requirement or any other Nasdaq listing requirements, or that any such appeal to the Nasdaq hearings panel will be successful, as applicable. If we do not regain compliance within the Compliance Period, Nasdaq will provide notice that our common stock will be subject to delisting. Delisting from Nasdaq could adversely affect our ability to consummate a strategic transaction and raise additional financing through the public or private sale of equity securities, and would significantly affect the ability of investors to trade our securities and negatively affect the value and liquidity of our common stock. Delisting could also have other negative results, including the potential loss of confidence by employees and the loss of institutional investor interest. One way to potentially regain compliance with the Minimum Bid Price Requirement would be to effectuate a reverse stock split of our common stock. On September18, 2025, our stockholders approved an amendment to our certificate of incorporation to effect a reverse stock split of our common stock at a ratio ranging from 1:5 to 1:20, without reducing the authorized number of shares of our common stock, with the final decision as to whether to proceed with the reverse stock split and the exact ratio of the reverse stock split to be determined by our Board, in its sole discretion, at any time prior to September18, 2026. If we were to effectuate a reverse stock split, it could impact investors’