Heritage Distilling increases authorized shares to 495M and equity plan shares to 5M

IP STRATEGY HOLDINGS, INC.

Authorized shares increased by 420M to 495M total (490M common, 5M preferred); approved by ~96% of votes cast.
2024 Equity Incentive Plan share pool doubled from 2.5M to 5.0M; approved by stockholders on June 24, 2025.
Stockholders re-elected Class III directors Toby Smith and Jeffrey Wensel; approved advisory say-on-pay and auditor ratification.
Proposals also approved potential share issuances under ELOC Purchase Agreement and Series B conversion/warrant SPAs.
First Amendment to Certificate of Incorporation filed with Delaware Secretary of State on June 24, 2025.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

IP STRATEGY HOLDINGS, INC.: Amendment to Second Amended and Restated Certificate of Incorporation to increase authorized shares of capital stock by 420,000,000 shares for a total of 495,000,000 shares (effective 2025-06-24).

Change: charter amendment
Effective: 2025-06-24

Exact text from the filing

the Company’s stockholders approved an amendment (the “First Amendment”) to the Second Amended and Restated Certificate of Incorporation (the “Certificate of Incorporation”) to increase the number of authorized shares of capital stock by 420,000,000 shares for a total of 495,000,000 shares of which 490,000,000 will be shares of common stock and 5,000,000 will be shares of preferred stock

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13 governance changes filed in the last 30 days. Browse all governance changes →

IP STRATEGY HOLDINGS, INC. filing history →

Source: SEC EDGAR

accession 0001788230-25-000121

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