Company: IPST
Filing Date: 2025-08-29
Form Type: DEF 14A
Source: 0001788230-25-000148
Chunk: 25

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-08-29
Form: DEF 14A
Chunk 25
---
 this proposal except to the extent of their ownership of shares of our common stock.

Where You Can Find More Information about the Offering

The summaries above, together with the section entitled “Background,” summarize certain information relating to the Offering, but do not contain all of the information that is important to you. For a more complete understanding of the matters to be considered at the Special Meeting, you should read carefully this entire Proxy Statement and the complete copies of the form of Subscription Agreement and the forms of the Pre-Funded Warrants, the Advisory Warrants and the Agent Warrants, and the other exhibits that were filed with the Current Report on Form 8-K that we filed with the SEC on August 11, 2025 and the Current Report on Form 8-K that we filed with the SEC on August 18, 2025, which are incorporated herein by reference.

Vote Required and Board’s Recommendation

Approval of the Financing Proposal requires the affirmative vote of a majority of the votes cast on the proposal at the Special Meeting, provided a quorum is present. For this purpose, abstentions and broker non-votes will not be counted as votes cast and will therefore have no effect on the outcome of the vote. Only votes “FOR” and “AGAINST” the proposal will be considered in determining whether the proposal has received the requisite affirmative vote. Brokerage firms do not have discretionary authority to vote shares held in street name on this proposal. If you do not provide your broker with voting instructions, your shares will not be voted on this matter, resulting in a broker non-vote. You may vote “FOR,” “AGAINST,” or “ABSTAIN” on this proposal.

| THE BOARD RECOMMENDS A VOTE “FOR” THE FINANCING PROPOSAL |

| Heritage Distilling Holding Company, Inc. |     | 13 |     | Special Meeting Proxy Statement |

#### PROPOSAL TWO -– ADVISORY COMPENSATION PROPOSAL
Approval, for Purposes of Complying With Nasdaq Listing Rule 5635(c), of the Issuance of Common Stock, Restricted Stock Units, and Shares of Common Stock Upon the Exercise of Advisory Warrants

### Background
In anticipation of the Offering and the adoption of our digital asset treasury reserve strategy, and as disclosed in the Financing Proposal above, between June 19, 2025 and August 10, 2025, we entered into the Advisory Agreements with the Advisors, pursuant to which the Advisors will provide certain consulting, strategy