Company: IPST
Filing Date: 2025-12-19
Form Type: S-1/A
Source: 0001213900-25-123872
Chunk: 192

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-19
Form: S-1/A
Chunk 192
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ptroller of the Currency (“OCC”) to obtain a National Trust Bank Charter, which would, if granted, allow it to operate as a federally regulated trust bank specializing in fiduciary, custodial and related services for digital assets under a unified federal banking framework. Our Custody Arrangement with Crypto.com.On November 8, 2025, we entered into a Custodial Services Agreement with Crypto.com to hold our digital currency (the “Crypto.com Agreement”). The term of the Crypto.com Agreement is for one year with successive one -yearrenewals unless prior notice of non -renewalis given by either party. We pay Crypto.com a monthly digital asset storage fee based upon the market value of the assets in storage. Our custody agreement with Crypto.com is terminable by us or Crypto.com on thirty days’ notice as a result of a breach of the Crypto.com Agreement or upon sixty days’ notice by either party for any reason, and may be suspended by Crypto.com if we breach the terms of use or services or in response to legal or regulatory requirements. Crypto.com maintains a $320,000,000 insurance policy against loss, theft and misuse. Overview of Kraken Kraken is a global digital asset platform operated by a group of affiliated entities under the “Kraken” brand, including Payward, Inc. and its subsidiaries, which provide digital asset trading, brokerage, staking, and related services to retail and institutional clients in multiple jurisdictions. Kraken is not a public company, and its operations are subject to evolving regulatory frameworks in the United States and internationally. Kraken Custody and Banking Services.Institutional digital asset custody services are offered through Kraken Financial, a Wyoming -charteredSpecial Purpose Depository Institution (“SPDI”) bank operated by Payward Financial, Inc. d/b/a Kraken Financial. Kraken Financial is a state -regulatedbank authorized under Wyoming law to provide digital asset custody services and to act as a qualified custodian for certain institutional clients. 113 Kraken Financial is distinct from Kraken’s exchange and trading platforms, which are operated by separate affiliates and are not banks. Client assets custodied by Kraken Financial are held in segregated accounts and are not insured by the Federal Deposit Insurance Corporation (“FDIC”) or the Securities Investor Protection Corporation (“SIPC”). Our Custody Agreement with Kraken.On December 18, 2025, we entered into a Custodial Services Agreement with Kraken to hold a percentage of our digital currency (the “Kraken Agreement”). The term of the