Company: IPST
Filing Date: 2025-02-04
Form Type: 424B3
Source: 0001213900-25-010139
Chunk: 95

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-02-04
Form: 424B3
Chunk 95
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LOC Purchase Agreement, direct the Investor to purchase the ELOC Shares from us in one or more purchases under the ELOC Purchase
Agreement, for a maximum aggregate gross purchase price of up to $15,000,000 of the ELOC Shares. A maximum of 5,067,162 ELOC Shares have
been registered for resale under the registration statement that includes this prospectus, including the Commitment Shares that are issuable
upon the exercise of the Commitment Warrant. However, because the market prices of the ELOC Shares may fluctuate from time to time after
the date of this prospectus, the actual purchase prices to be paid by the Investor for the ELOC Shares that we direct it to purchase under
the ELOC Purchase Agreement, if any, also may fluctuate significantly based on the market price of the ELOC Shares.

We are registering 5,067,162 shares of our common stock under this prospectus. As of January 22, 2025, there were 5,423,611 shares of common stock outstanding. If all of the 5,067,162 shares of our common stock offered for resale by the Investor under this prospectus were issued and outstanding as of January 22, 2025, such shares would represent approximately 48.3% of total number of shares of our common stock outstanding.

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The actual number of shares of our common stock
issuable will vary depending on the then current market price of shares of our common stock sold to the Investor in this offering and
the number of shares of our common stock we ultimately elect to sell to the Investor under the ELOC Purchase Agreement. If it becomes
necessary for us to issue and sell to the Investor under the ELOC Purchase Agreement more than the 5,067,162 shares of our common stock
being offered for resale under this prospectus in order to receive aggregate gross proceeds equal to $15.0 million under the ELOC Purchase
Agreement, we must file with the SEC one or more additional registration statements to register under the Securities Act the resale by
the Investor of any such additional shares of our common stock we wish to sell from time to time under the ELOC Purchase Agreement, which
the SEC must declare effective, in each case before we may elect to sell any additional shares of our common stock under the ELOC Purchase
Agreement. Under applicable Nasdaq rules, in no event may we issue to the Investor shares of our common stock