Company: IPST
Filing Date: 2025-02-04
Form Type: 424B3
Source: 0001213900-25-010139
Chunk: 71

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-02-04
Form: 424B3
Chunk 71
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 and enterprise value;                                                            |

| ● | Cryptocurrencies represent a new and rapidly evolving industry, and a portion of our actual or perceived value that we garner from    
 any future acceptance or use of such assets depends on the continued acceptance, adoption and trust of such cryptocurrencies by users 
 and the markets; and                                                                                                                  |

| ● | A portion of the value of our shares may be related directly to the value of cryptocurrencies we may own or hold, the value of which 
 may be highly volatile and subject to fluctuations due to a number of factors.                                                       |

Our failure to adequately maintain and protect the personal information of our customers or our employees in compliance with evolving legal requirements could have a material adverse effect on our business.

We collect, use, store, disclose or transfer (collectively,
“process”) personal information, including from employees and customers, in connection with the operation of our business.
A wide variety of local and international laws as well as regulations and industry guidelines apply to the privacy and collecting, storing,
use, processing, disclosure and protection of personal information and may be inconsistent among countries or conflict with other rules.
Data protection and privacy laws and regulations are changing, subject to differing interpretations and being tested in courts and may
result in increasing regulatory and public scrutiny and escalating levels of enforcement and sanctions.

A variety of data protection legislation apply in
the United States at both the federal and state level, including new laws that may impact our operations. For example, the State
of California has enacted the California Consumer Privacy Act of 2018 (“CCPA”), which generally requires companies
that collect, use, share and otherwise process “personal information” (which is broadly defined) of California residents to
make disclosures about their data collection, use, and sharing practices, allows consumers to opt-out of certain data sharing with
third parties or the sale of personal information, allows consumers to exercise certain rights with respect to any personal information
collected and provides a new cause of action for data breaches. In addition, a newprivacy law, the California Privacy Rights
Act (“CPRA”), which significantly modifies the CCPA, was approved by ballot initiative during the November 3, 2020 general
election. There remains significant uncertainty regarding the timing and implementation of the CPRA, which may require us to incur additional
expenditures to ensure compliance. Additionally, the Federal Trade Commission, and many state attorneys general are interpreting federal
and state consumer protection laws to impose standards for the online collection, use, dissemination, and security of data