Company: IPST
Filing Date: 2025-02-04
Form Type: 424B3
Source: 0001213900-25-010139
Chunk: 363

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-02-04
Form: 424B3
Chunk 363
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      |  81,208 |
| Liability-classified Warrants |     |                     | 2,020,139 |     |      |       — |
| Convertible Notes             |     |                     |   431,276 |     |      | 183,939 |
| RSU Awards                    |     |                     |   116,988 |     |      | 119,008 |
| Total                         |     |                     | 2,691,509 |     |      | 392,292 |

NOTE 16 — SUBSEQUENT EVENTS

For its consolidated financial statements as of
December 31, 2023 and for the period then ended, the Company evaluated subsequent events through the date on which those financial statements
were issued. Other than the item noted below, there were no subsequent events identified for disclosure as of the date the financial statements
were available to be issued.

On May 14, 2024, the Board and Shareholders of the
Company approved a .57-for-1 reverse stock split. All share and per share numbers included in these Financial Statements as of and for
the years ended December 31, 2023 and 2022 reflect the effect of that stock split unless otherwise noted.

The Company’s Board of Directors and shareholders
took certain actions and approved Amendments to the Company’s certificate of incorporation and bylaws in preparation for a planned
initial public offering (the “Actions and Amendments”), and have begun the process of filing of the Second Amendment to Amended
and Restated Certificate of Incorporation of Heritage Distilling Holding Company, Inc. These Actions and Amendments, among other things:
will increase the Company’s authorized capital from 10,000,000 shares to 70,000,000 shares, including 69,500,000 shares of common
stock and 500,000 shares of Founders Common Stock. The increase in authorized shares will include provision for the additional shares
to be issued with the Company’s anticipated IPO, including those discussed in the following paragraphs, and other future equity
activities not yet known.

<div align='center'>F-75

Heritage Distilling Holding Company, Inc.
Notes to Consolidated Financial Statements</div>

NOTE 16 — SUBSEQUENT EVENTS (cont.)

In March 2024, the Company increased the $5,000,000
Round of convertible notes with a 12.5% interest rate and an August 29, 2026 maturity date (the “Whiskey Special Ops 202