Company: IPST
Filing Date: 2025-10-16
Form Type: S-1/A
Source: 0001213900-25-099309
Chunk: 105

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-10-16
Form: S-1/A
Chunk 105
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 we fail to satisfy the continued listing requirements of Nasdaq, such as the corporate governance requirements or the minimum closing bid price requirement, Nasdaq may take steps to de -listour common stock. Such a de -listingwould likely have a negative effect on the price of our common stock and would impair your ability to sell or purchase our common stock when you wish to do so. In the event of a de -listing, we would take actions to try to restore our compliance with the Nasdaq marketplace rules, but our common stock may not be listed again, and such actions may not stabilize the market price or improve the liquidity of our common stock, prevent our common stock from dropping below the Nasdaq minimum bid price requirement or prevent future non -compliancewith the Nasdaq marketplace rules. 57 The price of our common stock fell below the $1.00 per share minimum trading requirement necessary for continued listing on the Nasdaq Capital Market. If we fail to regain or maintain compliance with the minimum listing requirements, our common stock will be subject to delisting. Our ability to publicly or privately sell equity securities and the liquidity of our common stock could be adversely affected if our common stock is delisted. On April 14, 2025, we received a notice from the Nasdaq Stock Market LLC (“Nasdaq”), which indicated that we were not in compliance with Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”), as the closing bid price for our common stock was below $1.00 per share for the prior thirty (30) consecutive business days. Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), we were granted a 180 -calendarday compliance period, or until October 13, 2025, to regain compliance with the Minimum Bid Price Requirement. On October10, 2025, we submitted a formal request to Nasdaq for an additional 180 -calendarday period to regain compliance with the Minimum Bid Price Requirement and provided written notice to Nasdaq that we intend to effectuate a reverse stock split during the additional compliance period if necessary to regain compliance with the Minimum Bid Price Requirement. On October14, 2025, we received a letter from Nasdaq notifying us that we were eligible for an additional 180 -calendarday period, or until April13, 2026 (the “Compliance Period”), to regain compliance with the Minimum Bid Price Requirement. During the Compliance Period, our shares of common stock will continue