Company: IPST
Filing Date: 2025-02-04
Form Type: 424B3
Source: 0001213900-25-010139
Chunk: 85

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-02-04
Form: 424B3
Chunk 85
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 departures of key personnel; |

| ● | competition from existing products or new products that may 
 emerge;                                                     |

| ● | fluctuations in the valuation of companies perceived by investors 
 to be comparable to us;                                           |

| ● | disputes or other developments related to proprietary rights,                                                         
 including patents, litigation matters or our ability to obtain intellectual property protection for our technologies; |

| ● | announcement or expectation of additional financing efforts; |

| ● | sales of our common stock by us or our stockholders; |

| ● | stock price and volume fluctuations attributable to inconsistent 
 trading volume levels of our shares;                             |

| ● | reports, guidance and ratings issued by securities or industry 
 analysts; and                                                  |

| ● | general economic and market conditions. |

If any of the foregoing occurs, it would cause our
stock prices or trading volume to decline. Stock markets in general and the market for companies in our industry in particular have experienced
price and volume fluctuations that have affected and continue to affect the market prices of equity securities of many companies. These
fluctuations often have been unrelated or disproportionate to the operating performance of those companies. These broad market and industry
fluctuations, as well as general economic, political and market conditions such as recessions, interest rate changes or international
currency fluctuations, may negatively impact the market price of our common stock You may not realize any return on your investment in
us and may lose some or all of your investment.

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We may be subject to securities litigation, which is expensive and could divert our management’s attention.

The market price of our securities may be volatile,
and in the past companies that have experienced volatility in the market price of their securities have been subject to securities class action
litigation. We may be the target of this type of litigation in the future. Securities litigation against us could result in substantial
costs and divert our management’s attention from other business concerns, which could seriously harm our business.

Our failure to meet the continued listing requirements of the Nasdaq could result in de-listing of our common stock.

If we fail to satisfy the continued listing requirements
of Nasdaq, such as the corporate governance requirements or the minimum closing bid price requirement, Nasdaq may take steps to de-list our
common stock. Such a de-listing would likely have a negative effect on the price of our common stock and would impair your ability
to sell or purchase our common stock when you wish to do so. In the event of