Company: IPST
Filing Date: 2025-01-27
Form Type: S-1
Source: 0001213900-25-006695
Chunk: 21

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-01-27
Form: S-1
Chunk 21
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 face experienced and well capitalized competition and could 
 lose market share to these competitors.                        |

| ● | We could fail to attract, retain, motivate or integrate our 
 personnel.                                                  |

| ● | We may not be able to maintain and continue developing our reputation 
 and brand recognition.                                                |

| ● | We could fail to maintain our company culture as we grow, which 
 could negatively affect our business.                           |

| ● | Our growth strategy will subject us to additional costs, compliance 
 requirements, and risks.                                            |

| ● | We could fail to effectively manage our growth and optimize 
 our organizational structure.                               |

| ● | 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