Company: IPST
Filing Date: 2025-02-04
Form Type: 424B3
Source: 0001213900-25-010139
Chunk: 90

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-02-04
Form: 424B3
Chunk 90
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 trading market for our common stock will depend,
in part, on the research and reports that securities or industry analysts publish about us or our business. Securities and industry analysts
do not currently, and may never, publish research on us. If no securities or industry analysts commence coverage of us, the price for
our common stock could be negatively impacted. In the event securities or industry analysts initiate coverage, if one or more of the analysts
who cover us downgrade our common stock or publish inaccurate or unfavorable research about our business, the prices of our common stock
could decline. In addition, if our operating results fail to meet the forecast of analysts, the prices of our common stock could decline.
If one or more of these analysts cease coverage of us or fail to publish reports on us regularly, demand for our common stock could decrease,
which might cause the prices of our common stock and trading volume to decline.

Anti-takeover provisions in our charter documents and under Delaware law could make the acquisition of our company, which may be beneficial to our stockholders, more difficult and may prevent attempts by our stockholders to replace or remove our current management and limit the market price of our common stock.

Provisions in our amended and restated certificate
of incorporation and bylaws may delay or prevent a change of control of our company or changes in our management. Our second amended and
restated certificate of incorporation and amended and restated bylaws include provisions that:

| ● | provide for a staggered board of directors; |

| ● | authorize our board of directors to issue, without further                                   
 action by the stockholders, up to 4,500,000 shares of undesignated existing preferred stock; |

| ● | require that any action to be taken by our stockholders be                      
 effected at a duly called annual or special meeting and not by written consent; |

| ● | require the affirmative vote of the holders of at least 2/3                                                                                
 of 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;                                                                      |

| ● | specify that, except as required by applicable law, special                                                                             
 meetings of our stockholders can be called only by our board of directors pursuant to a resolution adopted by the majority of the board 
 of directors;                                                                                                                           |

| ● | establish an advance notice procedure for stockholder approvals                                                                               
 to be brought before an annual meeting of our stockholders