Company: IPST
Filing Date: 2025-01-27
Form Type: S-1
Source: 0001213900-25-006695
Chunk: 69

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-01-27
Form: S-1
Chunk 69
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 treasury as an asset on our balance sheet and the value       
 or price of such cryptocurrencies fall in any one month or reporting period, it would require us to write down the value of that asset,      
 which would negatively impact our income statement for that reporting period and increase a loss for the period, reduce any reported profits 
 for the period, or turn a profitable period into a period with a reported loss, which could reflect poorly on us in the market and impact    
 the price of our stock;                                                                                                                      |

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| ● | there is a risk that the service providers we use for our points of sale elect to not service or stop accepting cryptocurrencies as             
 a form of payment for us, which could restrict our access to the market and our ability to sell goods for the exchange of such cryptocurrencies 
 that might have been part of our business or strategic plans;                                                                                   |

| ● | The trading prices of many cryptocurrencies, have experienced extreme volatility in recent periods and may continue to do so. Extreme   
 volatility in the future, including further declines in the trading prices of cryptocurrencies we may hold or own could have a material 
 adverse effect on our balance sheet, income, liquidity and enterprise value;                                                            |

| ● | Cryptocurrencies represent a new and rapidly evolving industry, and a portion of our actual or perceived value that we garner from    
 any future acceptance or use of such assets depends on the continued acceptance, adoption and trust of such cryptocurrencies by users 
 and the markets; and                                                                                                                  |

| ● | A portion of the value of our shares may be related directly to the value of cryptocurrencies we may own or hold, the value of which 
 may be highly volatile and subject to fluctuations due to a number of factors.                                                       |

Our failure to adequately maintain and protect the personal information of our customers or our employees in compliance with evolving legal requirements could have a material adverse effect on our business. We collect, use, store, disclose or transfer (collectively, “process”) personal information, including from employees and customers, in connection with the operation of our business. A wide variety of local and international laws as well as regulations and industry guidelines apply to the privacy and collecting, storing, use, processing, disclosure and protection of personal information and may be inconsistent among countries or conflict with other rules. Data protection and privacy laws and regulations are changing, subject to differing interpretations and being tested in courts and may result in increasing regulatory and public scrutiny and escalating levels of enforcement and sanctions. A variety of data protection legislation apply in the United States at both the federal