Company: IPST
Filing Date: 2025-12-23
Form Type: 424B3
Source: 0001213900-25-125341
Chunk: 183

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-23
Form: 424B3
Chunk 183
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 the repurchase of shares of our common stock when our Board believes such repurchases will result in the creation of accretive value for our stockholders and at such times when it is legally permissible to do so. We may also sell unlocked $IP Tokens or $IP Tokens earned from our validating efforts in the market under certain market conditions to build cash reserves, to grow or launch a new product or service, or to cover ongoing expenses. There can be no assurance, however, that the value of $IP Tokens will increase, and investors should carefully consider the risks associated with digital assets. See “ Risk Factors — Risks Related to Our Cryptocurrency Treasury Reserve Strategy and $IP Tokens” for additional information. Our Cryptocurrency Treasury Reserve Policy On August 15, 2025, we adopted an amended treasury reserve policy that sets out our treasury management and capital allocation strategies. The objectives of this policy include the following: •fulfilling our goal of pursuing an accumulation strategy with respect to $IP Tokens; 108 •satisfying our liquidity needs; •implementing fiduciary control of our cash and investments; and •maximizing our investment performance within the policy’s parameters and subject to market conditions. In the policy, our Board has delegated to our Chief Investment Officer and the Digital Assets Committee responsibility for overseeing the management of our investment portfolio, which includes: •overseeing the execution of our reserve management activities and the implementation and enforcement of the policy; •evaluating and approving decisions pertaining to our treasury reserve management (such as amounts, timing, and pricing of acquisitions and dispositions of $IP Tokens and staking or the use of $IP Tokens in decentralized finance protocols); and •providing updates to the Board and management regarding management of our treasury reserves and implementation of the policy. Our Chief Investment Officer and the Digital Assets Committee may delegate duties related to the management of our treasury reserves to other personnel within our company or to third -partyasset managers as they deem appropriate so long as such officer and committee maintain responsibility for overseeing the performance of such delegated duties and for approving purchases and dispositions of treasury reserve assets. In implementing our treasury reserve policy, our Board and the Digital Assets Committee will review our cash flow requirements and determine the amount of liquidity required for working capital, capital investment, debt repayment and other outstanding near -termfinancial obligations, as well as the cash amount to be held in cash and cash equivalents. Pursuant to the policy, we will at all times retain a minimum amount of cash and cash equivalents sufficient to fund our