Company: IPST
Filing Date: 2025-12-19
Form Type: S-1/A
Source: 0001213900-25-123872
Chunk: 105

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-19
Form: S-1/A
Chunk 105
---
 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; •addition or loss of significant customers; •changes in laws or regulations applicable to our products or to cryptocurrencies generally or $IP Tokens specifically; •fluctuations in the market price or the market acceptance of $IP Tokens; •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 departures of key personnel; •competition from existing products or new products that may emerge; •fluctuations in the valuation of companies perceived by investors to be comparable to us; •disputes or other developments related to proprietary rights, including patents, litigation matters or our ability to obtain intellectual property protection for our technologies; •announcement or expectation of additional financing efforts; •sales of our common stock by us or our stockholders; •stock price and volume fluctuations attributable to inconsistent trading volume levels of our shares; •reports, guidance and ratings issued by securities or industry analysts; and •general economic and market conditions. 58 If any of the foregoing occurs, it would cause our stock prices or trading volume to decline. Stock markets in general and the market for companies in our industry in particular have experienced price and volume fluctuations that have affected and continue to affect the market prices of equity securities of many companies. These fluctuations often have been unrelated or disproportionate to the operating performance of those companies. These broad market and industry fluctuations, as well as general economic, political and market conditions such as recessions, interest rate changes or international currency fluctuations, may negatively impact the market price of our common stock. You may not realize any return on your investment in us and may lose some or all of your investment. Investors could experience a reduction in share price for our common stock they own, or dilution resulting from the exercise of warrants into common stock or the conversion of preferred stock into common stock, or the vesting and settlement of equity grants to employees, directors and consultants. As warrant holders exercise warrants to purchase common stock, or