Company: IPST
Filing Date: 2025-02-04
Form Type: 424B3
Source: 0001213900-25-010139
Chunk: 21

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-02-04
Form: 424B3
Chunk 21
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 to the Investor, or the actual gross proceeds resulting from those sales. |

| ● | Investors who buy ELOC Shares from the Investor at different 
 times will likely pay different prices.                      |

| ● | We may use the proceeds from sales of our ELOC Shares pursuant                                                           
 to the ELOC Purchase Agreement in ways with which you may not agree or in ways which may not yield a significant return. |

Implications of Being an Emerging Growth Company and a Smaller Reporting Company We qualify as an “emerging growth company,” as defined in the Jumpstart Our Business Startups Act of 2012, or the JOBS Act. For as long as we remain an emerging growth company, we may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies. These provisions include, but are not limited to:

| ● | being permitted to have only two years of audited financial                                                                      
 statements and only two years of related selected financial data and management’s discussion and analysis of financial condition 
 and results of operations disclosure;                                                                                            |

| ● | an exemption from compliance with the auditor attestation requirement                                                      
 in the assessment of our internal control over financial reporting pursuant to the Sarbanes-Oxley Act of 2002, as amended, 
 or the Sarbanes-Oxley Act;                                                                                                 |

| ● | reduced disclosure about executive compensation arrangements                
 in our periodic reports, registration statements, and proxy statements; and |

| ● | exemptions from the requirements to seek non-binding advisory     
 votes on executive compensation or golden parachute arrangements. |

In addition, the JOBS Act permits emerging growth companies to take advantage of an extended transition period to comply with new or revised accounting standards applicable to public companies. We are not choosing to “opt out” of this provision. We will remain an emerging growth company until the earliest of (i) the end of the fiscal year following the fifth anniversary of the completion of our November 2024 initial public offering, (ii) the first fiscal year after our annual gross revenues exceed $1.235 billion, (iii) the date on which we have, during the immediately preceding three-year period, issued more than $1.0 billion in non-convertible debt securities or (iv) the end of any fiscal year in which the market value of our common stock held by non-affiliates exceeds $700 million as of the end of the second quarter of that fiscal year. We are also a “smaller reporting company,” meaning that the market value of our stock held