Company: IPST
Filing Date: 2025-12-23
Form Type: 424B3
Source: 0001213900-25-125341
Chunk: 184

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-23
Form: 424B3
Chunk 184
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 working capital, capital investment, debt repayment, and other outstanding near -termfinancial obligations of at least $3 million, or an appropriate amount of working capital determined by our management, our Chief Investment Officer and the Digital Assets Committee based on market conditions and appropriate working capital needs of our company. Funds not required for Working Capital comprise our treasury reserves and may be invested in accordance with the terms of the policy. The policy further provides that $IP Tokens will serve as our primary treasury reserve asset on an ongoing basis, with our primary investment strategy to be focused on maximizing exposure and value accruals related to $IP Tokens. This includes, but is not limited to, staking of $IP Tokens and the operation of a validator for $IP Tokens, and additionally may include other cryptocurrencies, cash or other assets that are required or useful for our activities in connection with our reserve strategy. However, $IP Tokens (including staked $IP Tokens) will at all times comprise at least 95% of our treasury reserves and we do not intend to dedicate any of our treasury -allocatedcapital to other digital assets other than USDC or others within the Story ecosystem. Furthermore, we view our $IP Token holdings as long -termholdings and expect to continue to accumulate $IP Tokens. We have not set any specific target for the amount of $IP Tokens we seek to hold, and we will continue to monitor market conditions in determining whether to engage in additional financings, capital -raisingor other activities to purchase additional $IP Tokens. Our $IP Token strategy is generally expected to involve, from time to time, subject to market conditions, (i) issuing equity, debt or other securities or engaging in other capital -raisingtransactions with the objective of using the net proceeds to purchase $IP Tokens, and (ii) acquiring $IP Tokens with our liquid assets that exceed our working capital requirements. In the event we raise additional capital, our intention is to deploy the vast majority of those proceeds to purchase $IP Tokens in the open market in order to further support our staking and validator activities, subject to any terms that may be negotiated as part of such capital raises. However, as of the date of this prospectus, we have no specific plans or agreements in place for any capital raising transaction or for the purchase of additional $IP Tokens in the open market or through negotiated transactions. Without the prior written approval of the Digital Assets Committee, we may not dispose of any $IP Tokens that we hold or otherwise own. We plan to sell $IP Tokens only