Company: IPST
Filing Date: 2025-06-23
Form Type: 424B3
Source: 0001641172-25-015954
Chunk: 158

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-06-23
Form: 424B3
Chunk 158
---
 Superior Court, Suffolk County, Massachusetts asserting claims arising under a November 1, 2022 written engagement letter agreement whereby CFGI agreed to provide financial, accounting and tax consulting services to us. CFGI contends that it fully performed its obligations under such agreement, but that the parties amended the agreement on or about May 22, 2023 when we fell behind in our payments. CFGI alleges further that, while we made some payments under the amended agreement, CFGI is currently owed approximately $730,000, plus interest.

Our response to the complaint was due on or before April 21, 2025, but we have received an extension from CFGI in furtherance of our negotiations. We filed a response to the complaint on May 12, 2025 to stay current with the filing calendar but remain engaged in negotiations towards a positive resolution. At December 31, 2024, we had accrued the entire amount payable to CFGI and the Company is in negotiations with CFGI on alternate payment terms that will allow us to pay the amounts due to CFGI over time.

On April 16, 2025, Kaylon McAlister, a former co-founder of Thinking Tree Spirits, filed suit in the Circuit Court of Oregon against Thinking Tree Spirits and our company seeking $470,000 under the Oregon dissenter rights statute, plus interest. While we are reviewing the matter, we believe the amount being sought is solely without merit and grossly overinflates the value of the enterprise, and we intend to vigorously defend this matter. Further, we believe we have counterclaims against the plaintiff for actions taken by him before, during and after the closing of the acquisition transaction that further effected the valuation of the acquisition and adversely affected our investment in Thinking Tree Spirits.

| 101 |

<div align='center'>MANAGEMENT</div>

Executive Officers and Directors

The following table provides information regarding our executive officers and directors:

| Name                |     | Age |     | Position(s)                                           |
| Executive           
 Officers            |     |     |     |                                                       |
| Justin              
 Stiefel             |     |  50 |     | Chairman                                              
 of the Board, Chief Executive Officer, and Treasurer  |
| Jennifer            
 Stiefel             |     |  49 |     | Director,                                             
 President, and Secretary                              |
| Michael             
 Carrosino           |     |  64 |     | Executive                                             
 Vice President of Finance and Chief Financial Officer |
| Beth                
 Marker              |     |