Company: IPST
Filing Date: 2025-06-04
Form Type: POS AM
Source: 0001641172-25-013501
Chunk: 74

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-06-04
Form: POS AM
Chunk 74
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akeover provisions in our charter documents and under Delaware law could make the acquisition of our company, which may be beneficial to our stockholders, more difficult and may prevent attempts by our stockholders to replace or remove our current management and limit the market price of our common stock.

Provisions in our second amended and restated certificate of incorporation and amended and restated bylaws may delay or prevent a change of control of our company or changes in our management and include provisions that:

| ● | provide                                                                                                                                
 for a staggered board of directors;                                                                                                    |
| ● | authorize                                                                                                                              
 our board of directors to issue, without further action by the stockholders, up to 4,500,000 shares of undesignated existing preferred 
 stock;                                                                                                                                 |
| ● | require                                                                                                                                
 that any action to be taken by our stockholders be effected at a duly called annual or special meeting and not by written consent;     |
| ● | require                                                                                                                                
 the affirmative vote of the holders of at least 2/3 of the voting power of all of our outstanding shares of voting stock, voting       
 together as a single class, to amend, alter, change or repeal our bylaws or certain provisions of our certificate of incorporation;    |
| ● | specify                                                                                                                                
 that, except as required by applicable law, special meetings of our stockholders can be called only by our board of directors pursuant 
 to a resolution adopted by the majority of the board of directors;                                                                     |
| ● | establish                                                                                                                              
 an advance notice procedure for stockholder approvals to be brought before an annual meeting of our stockholders, including proposed   
 nominations of persons for election to our board of directors;                                                                         |
| ● | provide                                                                                                                                
 that our directors may be removed only for cause; and                                                                                  |
| ● | provide                                                                                                                                
 that vacancies on our board of directors may be filled only by a majority of directors then in office, even though less than a quorum. |

These provisions may frustrate or prevent any attempts by our stockholders to replace or remove our current management by making it more difficult for stockholders to replace members of our board of directors, which is responsible for appointing the members of our management. In addition, because we are incorporated in Delaware, we are governed by the provisions of Section 203 of the Delaware General Corporation Law, which limits the ability of stockholders owning more than 15% of our outstanding voting stock to merge or combine with us.

| 44 |

Our Second Amended and Restated Certificate of Incorporation provides