Company: IPST
Filing Date: 2025-02-04
Form Type: 424B3
Source: 0001213900-25-010139
Chunk: 367

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-02-04
Form: 424B3
Chunk 367
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 years  
 1 and 2 to be caught up in years 2 and/or 3, if revenues are then sufficient.                                                        |

| ● | $395,000 if TTS is successful in securing an agreement for a                                                                         
 new tasting room location, to be branded TTS and Heritage Distilling, or as a Company approved sub-brand or collective brand, within 
 a certain confidential retail location in Portland OR within 3 years, TTS shareholders will receive an additional $395,000, payable  
 at HDHC’s election either in cash or in shares of the Company’s common stock (based on closing price 30 days post opening            
 of such location).                                                                                                                   |

See Note 10 related to the treatment of the shares
owed to TTS shareholders related to recently asserted dissenters’ rights related to that transaction.

On January 31, 2024, we terminated a contract
to produce a world-class gin for a large international spirit brand owner as we shift our focus toward putting our resources into higher
margin activities under our own core brands and programs and reducing risks associated with hourly labor in certain markets. The termination
of this contract is expected to result in decreased production services revenue beginning in the first quarter of 2024 while also helping
us to improve our margin as we focus on higher margin activities.

Subsequent to December 31, 2023, Flavored Bourbon
LLC conducted a capital call, successfully raising $12 million from current and new investors at the same valuation as the last raise.
The Company chose not to participate in the raise, but still retained its rights to full recovery of is capital account of $25.3 million,
with the Company being guaranteed a pay out of this $25.3 million in the event the brand is sold to a third party, or the Company can
block such sale. The Company retains 11.2071% ownership interest in this entity plus a 2.5% override in the waterfall of distributions.
The valuation and accounting for this event will be recorded in the Company’s financial statements for the quarter ended March 31,
2024.

<div align='center'>F-77

Up to a maximum of 5,000,000 Shares of Common Stock

and

67,162 Shares Issuable Upon the Exercise of the Commitment Warrant

Heritage Distilling Holding Company, Inc.

PROSPECTUS

Common Stock

February 4, 2025</div>