Company: IPST
Filing Date: 2025-08-15
Form Type: 424B3
Source: 0001641172-25-024420
Chunk: 24

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-08-15
Form: 424B3
Chunk 24
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 subdivision will be proportionately       
 reduced and the number of Warrant Shares will be proportionately increased. During such time     
 as this Warrant is outstanding, if the Company combines (by combination, reverse stock split     
 or otherwise) one or more classes of its outstanding shares of Common Stock into a smaller       
 number of shares, the Exercise Price in effect immediately prior to such combination will        
 be proportionately increased and the number of Warrant Shares will be proportionately decreased. 
 Any adjustment under this Section 4(a) shall become effective at the close of business           
 on the date the subdivision or combination becomes effective.                                    |

| (b) | Subsequent                                                                                      
 Rights Offerings. In addition to any adjustments pursuant to Section 4(a) above,                
 if during such time as this Warrant is outstanding the Company grants, issues or sells any      
 rights to purchase stock, warrants, securities or other property, in each case pro rata to      
 the record holders of any class of shares of Common Stock (the “Purchase Rights”),              
 then the Holder will be entitled to acquire, upon the terms applicable to such Purchase Rights, 
 the aggregate Purchase Rights which the Holder could have acquired if the Holder had held       
 the number of shares of Common Stock acquirable upon complete exercise of this Warrant (without 
 regard to any limitations on exercise hereof, including, without limitation, the Beneficial     
 Ownership Limitation) immediately before the date on which a record is taken for the grant,     
 issuance or sale of such Purchase Rights, or, if no such record is taken, the date as of        
 which the record holders of shares of Common Stock are to be determined for the grant, issue    
 or sale of such Purchase Rights (provided, however, to the extent that the Holder’s             
 right to participate in any such Purchase Right would result in the Holder together with        
 any Affiliates and Attribution Parties collectively beneficially owning in excess of the        
 Beneficial Ownership Limitation), then the Holder shall not be entitled to participate in       
 such Purchase Right to such extent (or beneficial ownership of such shares of Common Stock      
 as a result of such Purchase Right to such extent) and such Purchase Right to such extent       
 shall be held in abeyance for the Holder until such time, if ever, as its right thereto would   
 not result in the Holder together with any Affiliates and Attribution Parties exceeding the     
 Beneficial Ownership Limitation.                                                                |

| (c) | Pro                                                                                                
 Rata Distributions. During such time