Company: IPST
Filing Date: 2025-02-04
Form Type: 424B3
Source: 0001213900-25-010139
Chunk: 23

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-02-04
Form: 424B3
Chunk 23
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 “Where You Can Find More Information.”                                                                                                                                                                                                                                                                           |

Shares of our common stock to be outstanding upon completion of this offering are based on 5,423,611 shares of our common stock outstanding as of January 22, 2025 and excludes:

| ● | Up to 991,667 shares of common stock issuable upon the exercise                                                                       
 of warrants with an exercise price of $6.00 per share that are exercisable at any time unless such exercise would cause the holder to 
 beneficially own more than 4.99% of our outstanding shares of common stock and that expire between August 2028 and August 2029;       |

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| ● | 4,104,197 shares of common stock issuable upon the exercise                                                                                
 of outstanding warrants with an exercise price of $0.001 per share and the Common Warrants with an exercise price of $0.01 per share,      
 that are exercisable at any time unless such exercise would cause the holder to beneficially own more than 4.99% (or, in certain warrants, 
 9.99%) of our outstanding shares of common stock;                                                                                          |

| ● | 6,011 shares of common stock issuable upon the exercise of outstanding                                                                  
 stock options issued under our 2019 Equity Incentive Plan with an exercise price of $157.89 per share that expire between June 2025 and 
 November 2026;                                                                                                                          |

| ● | 245,589 shares of common stock issuable upon the settlement                                                                           
 of outstanding restricted stock units under our 2019 Equity Incentive Plan that will settle upon the expiration of the lock-up period 
 described in the “Underwriting” section of this prospectus;                                                                           |

| ● | Up to 725,608 shares of common stock issuable upon the exercise                                                                         
 of warrants that will be exercisable, if at all, when the volume weighted average price per share (“VWAP”) of our common                
 stock over a 10-trading-day period reaches $8.00 per share, provided the warrant holder continuously holds the shares such holder owned 
 on May 31, 2023 through the date the warrant is exercised, and that will expire on November 25, 2026;                                   |

| ● | Up to 1,451,216 shares of common stock issuable upon the exercise                                                                         
 of warrants that will be exercisable, if at all, when the VWAP