Company: IPST
Filing Date: 2025-05-12
Form Type: 424B3
Source: 0001641172-25-009684
Chunk: 10

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-05-12
Form: 424B3
Chunk 10
---
 opportunity for tribes with the potential for strong revenue and profit growth, allowing tribes to capture the full margin benefit as manufacturers and the ability to collect and keep state spirits taxes for products made and sold on their sovereign land. We have already entered into agreements with multiple tribes, including agreements for a new Heritage Distilling branded tasting room that opened at the Stillaguamish Tribe’s Angel of the Winds casino north of Seattle, Washington in October 2024, the ongoing construction of a Heritage Distilling-branded tasting room at the Tonto Apache Tribe’s Mazatzal Casino in Arizona, which is anticipated to open in late 2025, and a landmark agreement between the Coquille Tribe of Oregon and the Oregon Liquor Control Board to allow for the first tribal distillery in Oregon. A Heritage Distilling-branded tasting room is under construction and scheduled to open in late 2025 at Coquille’s Mill Casino Hotel & RV Park on the water in Coos Bay, Oregon. This is the first such agreement between a Native American tribe and one of the 18 liquor control states in the United States and that project is under construction with a targeted opening in late 2025.

| ● | Co-Located                                                                                      
 Retail Spaces. Our marketing plan includes partnering with some of the most highly-regarded     
 premium craft spirits producers in key regions across the U.S. to co-brand and cross operate    
 retail tasting rooms. Qualified partners must have the key attributes of high-quality products, 
 a consumer-focused tasting room opportunity to drive trial and sales, and the ability to        
 send and receive spirits in bulk for localized bottling. As we and these other producers        
 cross-brand our collective tasting rooms to consumers who do not otherwise have access to       
 them in their general markets, we believe we will collectively be driving more consumer trials  
 and increased sales, as well as building co-marketed brands in other regions of the country     
 without the expense of new buildings, leased spaces, production capacity, employees or other    
 capital expenditures.                                                                           |

| ● | Capital-Efficient                                                                                 
 and Scalable Operational Structure. We have strategically structured, and plan to                 
 continue to structure, our organization and operations to minimize and most effectively manage    
 our capital investment requirements while maintaining flexibility to rapidly scale our production 
 capabilities to meet consumer demands. We do this by utilizing our internal distilling and        
 bottling capabilities while leveraging a network of reputable third-party providers with          
 industry expertise and experience performing various functions falling outside of our internal    
 core competencies.                                                                                |

For