Company: IPST
Filing Date: 2025-12-23
Form Type: 424B3
Source: 0001213900-25-125341
Chunk: 3

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-23
Form: 424B3
Chunk 3
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 to uncertainty and risk due to a variety of factors, including those described in “Risk Factors” and “Cautionary Note Regarding Forward -LookingStatements.” These and other factors could cause results to differ materially from those expressed in the estimates made by the independent parties and by us. ii PROSPECTUS SUMMARY This summary highlights selected information contained elsewhere in this prospectus and does not contain all of the information that you should consider before investing in our securities. This summary is qualified in its entirety by, and should be read in conjunction with, the more detailed information appearing elsewhere in this prospectus. You should read this entire prospectus carefully, including the information set forth in the sections titled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and our financial statements and related notes thereto contained in this prospectus, before making an investment decision. Unless the context requires otherwise, references in this prospectus to “we,” “us,” “our,” “our company,” or similar terminology refer to Heritage Distilling Holding Company, Inc. and its subsidiaries. Our Company Overview We are a craft spirits producer making, marketing and selling a diverse line of award -winningcraft spirits, including whiskeys, vodkas, gins, rums, and “ready -to -drink” canned cocktails. We recognize that taste and innovation are key criteria for consumer choices in spirits and have developed differentiated products that are responsive to consumer desires for rewarding and novel taste experiences. In connection with the development of our cryptocurrency treasury reserve policy, on August15, 2025, we completed a $223.8million PIPE transaction pursuant to which we acquired 53.2million $IP Tokens in our digital asset treasury. The $IP Token is the native cryptocurrency of the Story Network, running on the Story IP layer 1 blockchain. The $IP protocol and related $IP Tokens can be used to pay for computational services on the Story Network, to mint or manage digital rights objects, or to transfer value in network -nativetransactions. These tokens can also be exchanged for fiat currencies, such as the U.S. dollar, at rates determined on digital asset trading platforms or in individual end -user-to-end-usertransactions using decentralized trading protocols. After closing the PIPE transaction and as part of our treasury reserve strategy, we established as a new business segment a new validator business in which we stake the majority of the $IP Tokens in our treasury to earn a staking yield and turn our treasury into a productive asset.