Company: IPST
Filing Date: 2025-01-27
Form Type: S-1
Source: 0001213900-25-006695
Chunk: 81

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-01-27
Form: S-1
Chunk 81
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 is also a risk that a third-party delivery company that is delivering the product to a consumer leaves the package where an individual under the age of 21 can gain access to it, or that such company delivers it to a location and fail to verify the person’s age. In such case, a state or local enforcement entity could attempt to claim we are partially culpable in the delivery to a person who is not 21 years of age. If that person were to consume the product and engage in an activity dangerous to themselves or others that causes death or serious bodily injury, a claim could be made against us as being part of the transaction. We could fail to successfully defend any such claims, in addition to paying monetary damages. Even if we are successful in defending against such claims, litigation could result in substantial costs and be a distraction to management or negatively impact the reputation of our company. 48 We are subject to state-specific regulatory risks related to our location in Eugene, Oregon. There are several risks associated with our locations in Eugene, Oregon, including but not limited to:

| ● | The legislature or voters in Oregon may elect to privatize                                                                                 
 the state’s current monopoly-owned retail and distribution system, which would likely materially alter the way in which spirits            
 are distributed and priced in the state and would also change the way we have to market to secure shelf space in stores and in restaurants 
 and bars in order to gain or maintain market share.                                                                                        |

| ● | The Oregon Liquor Control Commission (the “OLCC”)                                                                        
 may not approve some or all of our products for listing and sale in the state or in our tasting rooms located in Oregon. |

| ● | The OLCC could deny our request to open additional tasting                                                                            
 rooms in the state of Oregon, thereby stranding equipment and capital and materially impacting our plan to generate more retail sales 
 in our own locations.                                                                                                                 |

In the event we begin to acquire, accumulate, hold, store, sell, transfer or otherwise use any cryptocurrencies, there is a risk that rules or regulations could change, impacting the value of any such crypto currencies we hold and our ability to continue to use them or how we recognize, use and value them. Even though federal and state policies appear to be more accepting of certain cryptocurrency holdings and processes for companies like ours, a federal or state government agency or elected body could alter its stance or regulations on businesses using, accepting and holding cryptocurrencies which could negatively impact our plans, revenue sources, assets or balance sheet. These risks include, but are