Company: IPST
Filing Date: 2025-02-04
Form Type: 424B3
Source: 0001213900-25-010139
Chunk: 87

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-02-04
Form: 424B3
Chunk 87
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 could result in lower returns for investors.
A company or brand that we invest in or acquire might not fit our portfolio and might not yield a return for us or our stockholders. The
strategy may not work and may result in a dilutive effect from the issuance of those shares that could result in a loss of some or all
of the investment for stockholders.

We are an “emerging growth company” and the reduced disclosure requirements applicable to emerging growth companies could make our common stock less attractive to investors.

We are an “emerging growth company,”
as defined in the JOBS Act. We may remain an emerging growth company until as late as December 31, 2029 (the fiscal year-end following
the fifth anniversary of the completion of our initial public offering), though we may cease to be an emerging growth company earlier
under certain circumstances, including (1) if the market value of our common stock that is held by non-affiliates exceeds $700 million
as of any June 30, in which case we would cease to be an emerging growth company as of the following December 31, or (2) if
our gross revenue exceeds $1.235 billion in any fiscal year. Emerging growth companies may take advantage of certain exemptions from
various reporting requirements that are applicable to other public companies, including not being required to comply with the auditor
attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation
in our periodic reports and proxy statements and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation
and stockholder approval of any golden parachute payments not previously approved. Investors could find our common stock less attractive
because we may rely on these exemptions. If some investors find our common stock less attractive as a result, there may be a less active
trading market for our common stock and our stock price may be more volatile.

In addition, Section 102 of the JOBS Act also
provides that an emerging growth company can take advantage of the extended transition period provided in Section 7(a)(2)(B) of
the Securities Act of 1933, as amended, or the Securities Act, for complying with new or revised accounting standards.
An emerging growth company can therefore delay the adoption of certain accounting standards until those standards would otherwise apply
to private companies. We have irrevocably elected to avail ourselves of this exemption from new or revised accounting standards and, therefore,
we are not be subject to the