Heritage Distilling raises $6.4M via Series B convertible preferred and warrants

IP STRATEGY HOLDINGS, INC.

Sold 642,137 Series B Preferred shares to 14 accredited investors for gross proceeds of $6,421,377.
Series B carries 15% cumulative dividend, stated value $12/share, convertible at weighted avg $0.47/share.
Issued five-year warrants: 911,225 shares at $0.01 exercise price and 327,868 shares at $0.001.
Conversion of Series B (incl. accrued dividends) yields up to ~16.35M common shares.
Warrant exercise conditioned on stockholder approval per Nasdaq Listing Rule 5635(d)(2).

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