---
schema_version: "secwatch.filing_event.v1"
accession: "0001788230-25-000105"
form_type: "8-K"
ticker: "IPST"
cik: "0001788230"
company_name: "IP STRATEGY HOLDINGS, INC."
filed_at: "2025-06-03T23:59:59+00:00"
generated_at: "2026-05-20T01:49:43.743194+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0001788230-25-000105
- form_type: 8-K
- ticker: IPST
- cik: 0001788230
- company_name: IP STRATEGY HOLDINGS, INC.
- filed_at: 2025-06-03T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1788230/000178823025000105/0001788230-25-000105-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1788230/000178823025000105/cask-20250522.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001788230-25-000105
- JSON: https://secwatch.observer/filing/0001788230-25-000105.json
- Plain text: https://secwatch.observer/filing/0001788230-25-000105.txt

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