Company: IPST
Filing Date: 2025-06-04
Form Type: POS AM
Source: 0001641172-25-013501
Chunk: 12

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-06-04
Form: POS AM
Chunk 12
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 exempt from a variety of state and                   
 local zoning and construction codes and can collect and keep state and local excise and sales taxes on the products they produce                   
 and sell on tribal lands, along with distributing products to their own properties.                                                                |
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 to Innovate New Products. We plan to continue to employ a synergistic process of rapid development and testing of new products                     
 through DtC sales, sampling in our company-owned distilleries and tasting rooms and, in collaboration with the TBN, selling products               
 to consumers in our Heritage-branded TBN distilleries. Once we obtain positive feedback on a new product, we can then launch it for                
 sale directly to consumers via the internet to generate revenue and collect more data from consumers across the country. With new                  
 data in hand, we can make decisions with our wholesale partners on which products should be taken to the wholesale market. This direct-to-consumer 
 launch model is a strategy we have utilized since our inception. It has been an important part of our ability to launch, test, re-formulate        
 and re-launch products that have subsequently proven to be appealing to consumers.                                                                 |
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 to Innovate Marketing Through the Adoption of Artificial Intelligence (“AI”). We plan to continue testing new                                      
 AI technology, methods and tools focused on the creation of content, designs, themes and audience identification to maximize the                   
 efficiency of our marketing efforts.                                                                                                               |

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Recent Developments

The Equity Line of Credit.On January 23, 2025, we entered into the ELOC Purchase Agreement with the Investor establishing the Facility. Pursuant to and subject to the conditions set forth in the ELOC Purchase Agreement, beginning on February 6, 2025 (the “Commencement Date”), we have the right from time to time at our option to direct the Investor to purchase the ELOC Shares up to the lesser of (i) a maximum aggregate purchase price of $15,000,000 (the “Maximum Commitment Amount”), and (ii) the Exchange Cap (as defined below), subject to certain limitations and conditions set forth in the ELOC Purchase Agreement. Sales of the ELOC Shares to the Investor under the ELOC Purchase Agreement, and the timing of any sales, will be determined by us from time to time in our sole discretion and will depend on a variety of factors, including, among others, market conditions, the trading price of our shares and determinations by us regarding the use of