Company: IPST
Filing Date: 2025-02-04
Form Type: 424B3
Source: 0001213900-25-010139
Chunk: 182

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-02-04
Form: 424B3
Chunk 182
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 in production, warehouse and product development
activities and 1 dedicated to TBN activities. None of our employees is covered by a collective bargaining agreement.

We believe our employees are key to achieving our
business objectives. Our key human capital measures include employee safety, turnover, absenteeism and productivity. We frequently
benchmark our compensation practices and benefit programs against those of companies in comparable industries and in the geographic areas
where our facilities are located. We believe our compensation and employee benefits are competitive and allow us to attract and retain
skilled and unskilled labor throughout our organization. Our notable health, welfare and retirement benefits include:

| ● | company-subsidized health insurance; |

| ● | 401(k) Plan; |

| ● | tuition assistance program via FSA savings plan; and |

| ● | paid time off. |

Employee safety is one of our top priorities. We
develop and administer company-wide policies designed to ensure the safety of each team member and compliance with OSHA standards. Throughout
the COVID-19 pandemic, we were deemed an essential employer and continued to operate with COVID-19 prevention protocols in place to minimize
the risk of the spread of COVID-19 in our workplaces. Many of our administrative staff were required to work from home.

We strive for workforce retention with semi-annual
retention bonuses for hourly employees and critical new hires. New and open positions are posted for viewing by our current workforce,
and internal promotions are encouraged.

We strive to maintain an inclusive environment free
from discrimination of any kind, including sexual or other discriminatory harassment. We require and provide training for our employees
covering harassment, discrimination and unconscious bias. This training is tracked and recorded by us and is mandatory for all new hires.
Our employees have multiple avenues available through which inappropriate behavior can be reported, including a confidential hotline.
Our policies require all reports of inappropriate behavior to be promptly investigated with appropriate action taken.

Seasonality

We experience some seasonality whereby the peak
summer months and the winter holidays show a higher level of sales and consumption. However, the structure of our business and range
of products in our portfolio are designed to mitigate major fluctuations. Based on historical activities, more than one-third of our annual
revenue is earned in the fourth quarter of each year, and absent a major disruption or change in operations, management does not anticipate
that to change in the foreseeable future.

Properties

We maintain our principal corporate offices,
distribution warehouse and barrel-aging rickhouse in Gig Harbor, Washington. We have production