Company: IPST
Filing Date: 2025-01-27
Form Type: S-1
Source: 0001213900-25-006695
Chunk: 24

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-01-27
Form: S-1
Chunk 24
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 of sale, at prices related to prevailing market price or at negotiated prices.                                                                    |
| Nasdaq symbol                                                 |     | Our common stock is listed on The Nasdaq Capital Market under the symbol “CASK.”                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| Risk Factors                                                  |     | Investing in our securities involves significant risks. Before making a decision whether to invest in our securities, please read the information under the heading “Risk Factors” in this prospectus and under similar headings in other documents filed after the date hereof that supplement this prospectus. See “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;       |

11

| ● | 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