Company: IPST
Filing Date: 2025-10-16
Form Type: S-1/A
Source: 0001213900-25-099309
Chunk: 265

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-10-16
Form: S-1/A
Chunk 265
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 Officers and Directors Our second amended and restated certificate of incorporation, as amended, and amended and restated bylaws provide that we will indemnify each of our directors and officers to the fullest extent permitted by the DGCL. 157 Anti-Takeover Effects of Certain Provisions of Our Certificate of Incorporation and Bylaws The provisions of our second amended and restated certificate of incorporation, as amended (“certificate of incorporation”), and our amended and restated bylaws could make it more difficult to acquire us by means of a merger, tender offer, proxy contest, open market purchases, removal of incumbent directors and otherwise. These provisions, which are summarized below, are expected to discourage types of coercive takeover practices and inadequate takeover bids and to encourage persons seeking to acquire control of us to first negotiate with us. We believe that the benefits of increased protection of our potential ability to negotiate with the proponent of an unfriendly or unsolicited proposal to acquire or restructure us outweigh the disadvantages of discouraging takeover or acquisition proposals because negotiation of these proposals could result in an improvement of their terms. Calling of Special Meetings of Stockholders.Our bylaws provide that special meetings of the stockholders may be called only by the board of directors pursuant to a resolution adopted by the majority of the board of directors. Supermajority Vote of Stockholders.Our certificate of incorporation requires the affirmative vote of the holders of at least two -thirdsof the voting power of all of our outstanding shares of voting stock, voting together as a single class, to amend, alter, change or repeal our bylaws or certain provisions of our certificate of incorporation. Removal of Directors; Vacancies.Our bylaws provide that a director may be removed for cause by the affirmative vote of at least two -thirdsof the voting power of the issued and outstanding stock entitled to vote; provided, however, that notice of intention to act upon such matter shall have been given in the notice calling such meeting. Amendment of Bylaws.Our bylaws provide that the bylaws may be altered, amended or repealed at any meeting of the board of directors at which a quorum is present, by the affirmative vote of a majority of the directors present at such meeting. Preferred Stock.Our certificate of incorporation authorizes the issuance of 10,000,000shares of preferred stock with such rights and preferences as may be determined from time to time by our board of directors in their sole discretion. Our board of directors may, without stockholder approval, issue series of preferred stock with dividends, liquidation, conversion, voting or