---
schema_version: "secwatch.filing_event.v1"
accession: "0001788230-25-000053"
form_type: "8-K"
ticker: "IPST"
cik: "0001788230"
company_name: "IP STRATEGY HOLDINGS, INC."
filed_at: "2025-05-05T23:59:59+00:00"
generated_at: "2026-05-22T18:03:59.963838+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Heritage Distilling replaces auditor Marcum with CBIZ CPAs; cites prior material weaknesses

## Summary
- Terminated Marcum LLP as independent accountant on April 30, 2025 and engaged CBIZ CPAs P.C. for fiscal 2025.
- Marcum's 2023 audit report included a going-concern explanatory paragraph about Heritage's ability to continue.
- Company disclosed multiple material weaknesses in internal control over financial reporting for year ended Dec 31, 2024.
- No disagreements occurred between Heritage and Marcum on accounting or auditing matters during 2023-2025.
- Marcum provided a letter to the SEC agreeing with the statements in this Form 8-K, filed as Exhibit 16.1.

## SEC filing metadata
- accession: 0001788230-25-000053
- form_type: 8-K
- ticker: IPST
- cik: 0001788230
- company_name: IP STRATEGY HOLDINGS, INC.
- filed_at: 2025-05-05T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1788230/000178823025000053/0001788230-25-000053-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1788230/000178823025000053/cask-20250430.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001788230-25-000053
- JSON: https://secwatch.observer/filing/0001788230-25-000053.json
- Plain text: https://secwatch.observer/filing/0001788230-25-000053.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.