{"schema_version":"secwatch.filing_event.v1","accession":"0001788230-25-000168","form_type":"8-K","ticker":"IPST","cik":"0001788230","company_name":"IP STRATEGY HOLDINGS, INC.","filed_at":"2025-10-31T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.467287+00:00","generated_at":"2026-05-17T01:08:17.914426+00:00","sec_items":["3.03","5.03","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"IP Strategy announces 1-for-20 reverse stock split effective Nov 5 for Nasdaq compliance","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001788230-25-000168","json":"https://secwatch.observer/filing/0001788230-25-000168.json","markdown":"https://secwatch.observer/filing/0001788230-25-000168.md","text":"https://secwatch.observer/filing/0001788230-25-000168.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1788230/000178823025000168/0001788230-25-000168-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1788230/000178823025000168/cask-20251030.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T01:08:17.914426+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"c1fa01b3bd4440cf85aba8ae426e7cbe60b4765e","claim":"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).","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1788230/000178823025000168/0001788230-25-000168-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2025-11-05"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}