Company: IPST
Filing Date: 2025-05-12
Form Type: 424B3
Source: 0001641172-25-009684
Chunk: 88

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-05-12
Form: 424B3
Chunk 88
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 stock to the Investor pursuant to the ELOC Purchase Agreement, after the Investor has acquired such shares, the Investor may resell all, some or none of such shares of common stock at any time or from time to time in its discretion and at different prices.

The issuance of our shares of common stock to the Investor pursuant to the ELOC Purchase Agreement will not affect the rights or privileges of our existing stockholders, except that the economic and voting interests of each of our existing stockholders will be diluted. Although the number of shares of common stock that our existing stockholders own will not decrease, the shares of common stock owned by our existing stockholders will represent a smaller percentage of our total outstanding shares of common stock after any such issuance.

| 52 |

The following table sets forth the amount of gross proceeds we may receive from the Investor from our sale of ELOC Shares that we may issue and sell to the Investor from time to time under the ELOC Purchase Agreement, assuming that all such ELOC Shares are sold at varying purchase prices designated below, assuming all such shares are issued for only nominal consideration:

| Assumed        
 Purchase Price 
 Per Share(1)   |     |       |     | Total          
 Number         
 of ELOC Shares 
 to be Issued   |            |     | Percentage                                   
 of                                           
 Outstanding Common Stock After Giving Effect 
 to the Issuance of                           
 the ELOC Shares to the Investor(2)           |      |   |     | Proceeds                                               
 to us from the Sale of the ELOC Shares to the Investor |            |
|:---------------|----:|:------|:----|:---------------|-----------:|:----|:---------------------------------------------|-----:|:--|:----|:-------------------------------------------------------|-----------:|
| $              |   1 |       |     |                | 15,000,000 |     |                                              | 66.6 | % |     | $                                                      | 15,000,000 |
| $              | 1.1 | -3)(4 |     |                | 13,636,364 |     |                                              | 60.6 | % |     | $                                                      | 15,000,000 |
| $              |   2 |       |     |                |  7,500,000 |     |                                              | 33.3 | % |     | $                                                      | 15,000,000 |
| $              |   4 |       |     |                |