Company: IPST
Filing Date: 2025-02-04
Form Type: 424B3
Source: 0001213900-25-010139
Chunk: 20

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-02-04
Form: 424B3
Chunk 20
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| ● | There may be uncertainties with respect to the legal systems 
 in the jurisdictions in which we operate.                    |

| ● | As we expand our product offerings, we may become subject to 
 additional laws and regulations.                             |

| ● | We may be subject to claims, lawsuits, government investigations, 
 and other proceedings.                                            |

| ● | Our failure to protect or enforce our intellectual property 
 rights could harm our business.                             |

| ● | Claims by others that we infringed their intellectual property 
 rights could harm our business.                                |

| ● | Changes in laws relating to privacy and data protection could 
 adversely affect our business.                                |

| ● | We are subject to changing laws regarding regulatory matters,                                       
 corporate governance, and public disclosure that could adversely affect our business or operations. |

| ● | Our working capital deficiency, incurrence of significant losses,                                                                        
 and required additional funding to meet our obligations and sustain our operations raise substantial doubt about our ability to continue 
 as a going concern.                                                                                                                      |

| ● | We could lose momentum with our TBN efforts, or fail to secure                                                                       
 substantial numbers of new agreements, or fail to maintain the agreements we already have. As it relates to TBN, we could also see a 
 degradation of our brand if we cannot ensure product quality and consistency throughout all locations.                               |

| ● | Our failure to maintain an effective system of internal control                                                                               
 over financial reporting could adversely affect our ability to present accurately our financial statements and could materially and adversely 
 affect us, including our business, reputation, results of operations, financial condition or liquidity.                                       |

| ● | In the event we finalize and adopt a final formal Bitcoin Treasury                                                                       
 Policy, and we start to accept, accumulate or acquire bitcoin or other cryptocurrencies, 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 financial condition, liquidity and profitability.                     |

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In addition, risks associated with the Equity Line of Credit include, but are not limited to, the following:

| ● | The sale of a substantial number of ELOC Shares in the public            
 market could adversely affect the prevailing market price of our shares. |

| ● | It is not possible to predict the actual number of ELOC Shares,                                                                  
 if any, we will sell under the ELOC Purchase Agreement