IP Strategy announces 1-for-20 reverse stock split effective Nov 5 for Nasdaq compliance

IP STRATEGY HOLDINGS, INC.

Reverse split at 1:20 ratio expected effective 12:01 a.m. ET Nov 5, 2025; ticker IPST unchanged.
Common stock will trade split-adjusted on Nasdaq Capital Market from market open Nov 5.
No fractional shares; cash payment in lieu based on Nov 4 closing price.
Pre-split shares outstanding ~183.5M; post-split ~9.17M; authorized shares unchanged.
Action intended to meet Nasdaq minimum bid price rule and improve marketability.

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.: Filed a Third Amendment to the Second Amended and Restated Certificate of Incorporation to effect a 1-for-20 reverse stock split (effective 2025-11-05).

Change: charter amendment
Effective: 2025-11-05

Exact text from the filing

On October 30, 2025, Heritage Distilling Holding Company, Inc., a Delaware corporation doing business under the name IP Strategy (the “Company”), filed a Third Amendment to the Company’s Second Amended and Restated Certificate of Incorporation, as amended (the “Certificate of Amendment”), with the Secretary of State of the State of Delaware to effect a 1-for-20 reverse stock split (the “Reverse Stock Split”) of the Company’s issued and outstanding shares of common stock, par value $0.0001 per share (the “Common Stock”).

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

IP STRATEGY HOLDINGS, INC. filing history →

Source: SEC EDGAR

accession 0001788230-25-000168

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