Company: IPST
Filing Date: 2025-12-23
Form Type: 424B3
Source: 0001213900-25-125341
Chunk: 122

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-23
Form: 424B3
Chunk 122
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 -for 5 to 1 -for-20 , without reducing the authorized number of shares of common stock, and to authorize the Board to determine, at its discretion, the timing of the amendment and the specific ratio of the reverse stock split, without further approval or authorization of our stockholders. On October 26, 2025, the Board approved, and on November 5, 2025 we effected, a 1 -for-20 reverse stock split. All share and per share numbers included in this prospectus as of and for all periods presented reflect the effect of that such reverse stock split unless otherwise noted. All share and per share numbers presented in this prospectus have been rounded individually. As a result, totals may reflect the effect of differences between: aggregating the individually rounded component numbers; and the rounding of the total of the individual component numbers. In cases where rounding occurred, the amount of the rounding difference is not material and are considered to be insignificant. Business Overview We are a craft distiller producer making, marketing and selling a diverse line of award -winningcraft spirits, including whiskeys, vodkas, gins, rums, and “ready -to -drink” canned cocktails. We recognize that taste and innovation are key criteria for consumer choices in spirits and have developed differentiated products that are responsive to consumer desires for rewarding and novel taste experiences. In connection with the development of our cryptocurrency treasury reserve policy, on August 2025, we completed a $223.8million PIPE transaction pursuant to which we acquired 53.2million $IP Tokens in our digital asset treasury. The $IP Token is the native cryptocurrency of the Story Network, running on the Story IP layer 1 blockchain. The $IP protocol and related $IP Tokens can be used to pay for computational services on the Story Network, to mint or manage digital rights objects, or to transfer value in network -nativetransactions. These tokens can also be exchanged for fiat currencies, such as the U.S. dollar, at rates determined on digital asset trading platforms or in individual end -user-to-end-usertransactions using decentralized trading protocols. As part of our treasury reserve strategy, we set up a validator business as a reporting segment to generate ongoing recurring revenue from activities associated with such validation efforts. Our Spirits Business. Our spirits business competes in the craft spirits segment, a growing segment of the overall $288billion spirits market. According to the American Craft Spirits Association, a craft distillery is defined generally as a dist