Company: IPST
Filing Date: 2025-02-04
Form Type: 424B3
Source: 0001213900-25-010139
Chunk: 224

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-02-04
Form: 424B3
Chunk 224
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 share, provided the warrant holder continuously holds the shares   
 such holder owned on May 31, 2023 through the date the warrant is exercised, and that will   
 expire on May 25, 2027;                                                                      |

| ● | Warrants                                                                                     
 to purchase up to 1,814,020 shares of common stock issuable upon the exercise of warrants    
 that will be exercisable, if at all, when the VWAP of our common stock over a 10-trading-day 
 period reaches $20.00 per share, provided the warrant holder continuously holds the shares   
 such holder owned on May 31, 2023 through the date the warrant is exercised, and that will   
 expire on November 25, 2029;                                                                 |

| ● | Warrants                                                                                      
 to purchase up to 246,261 shares of common stock with an exercise price equal to $4.00 per    
 share and are subject to mandatory cashless exercise after June 15, 2027 if the closing price 
 of our common stock for a period of five consecutive trading days equals or exceeds $5.00     
 per share. These warrants are exercisable at any time unless such exercise would cause the    
 holder to beneficially own more than 4.99% of our outstanding shares of common stock and      
 expire on June 15, 2029.                                                                      |

Pursuant to the terms of such warrants, except as
otherwise noted above, the applicable exercise price of such warrants is subject to adjustment in the event of stock splits, combinations
or the like of our common stock.

Options

As of the date of this prospectus, we have outstanding
options to purchase an aggregate 6,164 shares of our common stock with a weighted-average exercise price of $157.89 per share
that expire between June 2025 and November 2026, all of which were issued under the 2019 Plan.

Restricted Stock Units

As of the date of this prospectus, we had 245,589
outstanding restricted stock units, all issued under the 2019 Plan.

Limitation of Liability and Indemnification Matters

Our amended and restated certificate of incorporation
limit the liability of our directors for monetary damages for breach of their fiduciary duties, except for liability that cannot be eliminated
under the Delaware General Corporation Law (“DGCL”). Consequently, our directors will not be personally liable for monetary
damages for breach of their fiduciary duties as directors, except liability for any of