Company: IPST
Filing Date: 2025-12-23
Form Type: 424B3
Source: 0001213900-25-125341
Chunk: 15

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-23
Form: 424B3
Chunk 15
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 our prospects and risks. •We have a history of losses and may not achieve or maintain profitability in the future. •Our historical financial statements do not reflect the potential variability in earnings that we may experience in the future relating to our $IP Token holdings. Moreover, our quarterly operating results, revenues, and expenses may fluctuate significantly, which could have an adverse effect on the market price of our common stock. 6 •Actions related to cryptocurrencies, including but not limited to, accepting, accumulating or acquiring $IP Tokens or other cryptocurrencies, and risks associated with their volatility, stability, price, utilization, adoption, recognition, regulation, taxation, storage, handling and security of transacting, holding or using such cryptocurrencies in our business, could impact our financial condition, liquidity and profitability. •The price of $IP Tokens has been highly volatile and such volatility may adversely affect our results of operations and stock price. •$IP Tokens and other digital assets are novel assets and are subject to significant legal, commercial, tax, regulatory and technical uncertainty, which could materially adversely affect our financial position, operations and prospects. •In connection with our focus on $IP Tokens, we expect to interact with various smart contracts deployed on the Story Network, which may expose us to risks and technical vulnerabilities. •There is a possibility that $IP Tokens may be classified as a “security,” which would subject us to additional regulation and could materially impact the operations of our treasury strategy and our business. •We face risks relating to the custody of our digital assets, including the loss or destruction of private keys required to access our digital assets and cyberattacks or other data loss relating to our digital assets, including smart contract related losses and vulnerabilities. •We could be materially adversely affected by health concerns such as, or similar to, the COVID -19pandemic, food -borneillnesses, and negative publicity regarding food quality, illness, injury or other health concerns. •We face experienced and well capitalized competition and could lose market share to these competitors. •We could fail to attract, retain, motivate or integrate our personnel. •We may not be able to maintain and continue developing our reputation and brand recognition. •We could fail to maintain our company culture as we grow, which could negatively affect our business. •Our growth strategy will subject us to additional costs, compliance requirements, and risks. •We could fail to effectively manage our growth and optimize our organizational structure. •There may be uncertainties with respect to the legal systems in the jurisdictions in which we operate. •As