Company: IPST
Filing Date: 2025-12-19
Form Type: S-1/A
Source: 0001213900-25-123872
Chunk: 19

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-19
Form: S-1/A
Chunk 19
---
 of this offering is less than $700 million and our annual revenue is less than $100 million during the most recently completed fiscal year. We may continue to be a smaller reporting company after this offering if either (i) the market value of our stock held by non -affiliatesis less than $250 million or (ii) our annual revenue is less than $100 million during the most recently completed fiscal year and the market value of our stock held by non -affiliatesis less than $700 million. If we are a smaller reporting company at the time we cease to be an emerging growth company, we may continue to rely on exemptions from certain disclosure requirements that are available to smaller reporting companies. Specifically, as a smaller reporting company, we may choose to present only the two most recent fiscal years of audited financial statements in our Annual Report on Form 10 -Kand, similar to emerging growth companies, smaller reporting companies have reduced disclosure obligations regarding executive compensation. Our Corporate Information We were incorporated in the State of Delaware on April 25, 2019. Heritage Distilling Company, Inc. (“HDC”) was incorporated in the State of Washington on July 19, 2011 to own and operate a network of craft distilleries for the purpose of creating products and services around craft distilling, blending, bottling and marketing premium distilled spirits. HDC’s first distillery began production in late 2012 in Gig Harbor, Washington. On March 4, 2019, as part of a corporate restructuring, HDC became our wholly -ownedsubsidiary. In September 2025, in connection with the amendment to our cryptocurrency treasury reserve policy, we formed IP Strategy, LLC (“IP Strategy Sub”) in the State of Nevada to conduct our $IP Token staking business and we filed in Delaware to do business under the name IP Strategy. We have since started to brand our company as IP Strategy while maintaining Heritage Distilling Holding Company, Inc. as our registered corporate name. On September22, 2025, we also changed our common stock ticker symbol on the Nasdaq stock market from CASK to IPST. As a result of such restructuring, we are now a holding company and IP Strategy Sub, HDC and Thinking Tree Spirits are our operating subsidiaries through which all of our business is conducted. Our principal executive offices are located at 9668 Bujacich Road, Gig Harbor, Washington 98332, and our telephone number is (253) 509 -0008. Our website address is www