Company: IPST
Filing Date: 2025-02-04
Form Type: 424B3
Source: 0001213900-25-010139
Chunk: 13

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-02-04
Form: 424B3
Chunk 13
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 stores (in control states), hotels, casinos, bars, and restaurants.                          |

| ● | Grow the TBN model. One of our primary focus areas                                                                                            
 is the expansion of the TBN to create a national network of tribal spirits production and retail operation locations in or around tribal      
 casinos and high-foot-traffic entertainment districts on tribal lands. We believe these operations will benefit from the fact that, as        
 sovereign nations, tribes are exempt from a variety of state and local zoning and construction codes and can collect and keep state and       
 local excise and sales taxes on the products they produce and sell on tribal lands, along with distributing products to their own properties. |

| ● | Continue to Innovate New Products. We plan to                                                                                               
 continue to employ a synergistic process of rapid development and testing of new products through DtC sales, sampling in our company-owned  
 distilleries and tasting rooms, and, in collaboration with the TBN, selling products to consumers in our Heritage-branded TBN distilleries. 
 Once we obtain positive feedback on a new product, we can then launch it for sale directly to consumers via the internet to generate        
 revenue and collect more data from consumers across the country. With new data in hand, we can make decisions with our wholesale partners   
 on which products should be taken to the wholesale market. This direct-to-consumer launch model is a strategy we have utilized since        
 our inception. It has been an important part of our ability to launch, test, re-formulate, and re-launch products that have subsequently    
 proven to be appealing to consumers.                                                                                                        |

| ● | Continue to Innovate Marketing Through the Adoption of                                                                 
 Artificial Intelligence (“AI”). We plan to continue testing new AI technology, methods, and tools focused on the       
 creation of content, designs, themes, and audience identification to maximize the efficiency of our marketing efforts. |

Recent Developments Acquisition of Thinking Tree Spirits.On February 21, 2024, we completed the acquisition of Thinking Tree Spirits for a purchase price equal to $670,686 plus the assumption of $365,000 of indebtedness. We paid the purchase price by initially issuing 50,972 shares of our common stock at the negotiated value of $13.16 per share, which was subject to adjustment to the price per share at which our common stock is sold in our initial public offering in November 2024, subject to an offset for the amount, if any, we were obligated to pay to former stockholders who exercised dissenter’s