Company: IPST
Filing Date: 2025-08-26
Form Type: S-1
Source: 0001213900-25-080839
Chunk: 23

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-08-26
Form: S-1
Chunk 23
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 upon receipt of stockholder approval of the issuance of such shares, an aggregate of 6,416,168shares of common stock, and we issued to the Advisors warrants (the “Advisory Warrants”) to purchase up to an aggregate of 17,400,000shares of common stock for a purchase price of $0.01 per share, with each Advisory Warrant exercisable only upon receipt of stockholder approval of the issuance of the common stock issuable upon exercise of the Advisory Warrants and subject to vesting, forfeiture and such other terms as are set forth therein For additional information about our offering of Pre -FundedWarrants, see “Issuance of Securities to Selling Stockholders — The Offering of Pre -FundedWarrants” commencing on page 66. Risks Associated with Our Business Our ability to execute our business strategy is subject to numerous risks, as more fully described in the section captioned “Risk Factors” immediately following this prospectus summary. You should read these risks before you invest in our common stock. Risks associated with our business include, but are not limited to, the following: •Our operating history and evolving business make it difficult to evaluate our prospects and risks. •We have a history of losses, anticipate increasing our operating expenses in the future, and may not achieve or maintain profitability in the future. •As we have incurred recurring operating losses and negative cash flows from operations since our inception, there is no assurance that we will be able to continue as a going concern absent additional financing, which we may not be able to obtain on favorable terms, or at all. •We could be materially adversely affected by health concerns such as, or similar to, the COVID -19pandemic, food -borneillnesses, and negative publicity regarding food quality, illness, injury or other health concerns. •We 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. 10 •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