Company: IPST
Filing Date: 2025-05-07
Form Type: POS AM
Source: 0001641172-25-009076
Chunk: 56

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-05-07
Form: POS AM
Chunk 56
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, could feel they are making positive posts about us or our brands, but communities or groups with opposing viewpoints from those posting about us could attempt to create a backlash against our company or our brands due to the appearance of the association with such people. If we or our brands were to get swept up in a backlash or boycott of our products, goods or services simply because of the public comments made by others, even if we are not involved and do not condone or sanction such comments, our sales, revenue and profits could be impacted, and it could ultimately negatively impact the value of our common stock.

There is a risk that we adopt a Bitcoin Treasury Policy that guides the acceptance, acquisition, handling, storage, use and disposition of bitcoin and other cryptocurrencies, which could create a number of risks for us and our stockholders.

In the event we finalize and adopt a final formal Bitcoin Treasury Policy, and we start to accept, accumulate, acquire or use bitcoin or other cryptocurrencies (which for the purpose of this prospectus the term “cryptocurrency” is assumed to include Bitcoin, among any other traded cryptocurrency or digital asset covered by such policy), there are risks associated with the volatility, stability, price, utilization, adoption, recognition, regulation, taxation, storage, handling and security of transacting, holding or using such cryptocurrencies in our business which could impact our balance sheet, liquidity and profitability. Such risks include, but are not limited to:

| ● | accepting                                                                                    
 cryptocurrency as a form of payment for our goods or services, and then subsequently seeing  
 the value of such cryptocurrencies fall, which would have a negative impact on our effective 
 net gross margin and ultimately our ability to reach or maintain profitability;              |
| ● | having                                                                                       
 any cryptocurrencies we own and hold be subject to fraud, hacking or theft as a result of    
 not being properly stored or handled, or as a result of a breach of information that allows  
 a third party to improperly access and transfer such cryptocurrencies out of our possession, 
 which could impact our total assets, balance sheet and liquidity;                            |
| ● | acquiring                                                                                    
 and holding such cryptocurrencies and then selling some or all of those holdings into the    
 market for cash before an event that increases the value of those cryptocurrencies, meaning  
 we would have lost out on an increase in the value of that asset had we held it longer;      |

| 32 |

| ● | selling                                                                                          
 cryptocurrencies we own such that followers of cryptocurrencies who may have become, or could    
 have become loyal customers of ours, because we