IPST · Heritage Distilling Holding Company, Inc.

IP Strategy Holdings, Inc. is executing a 1-for-20 reverse stock split to address Nasdaq listing compliance and capital management objectives. The Board of Directors approved the specific ratio on April 17, 2026, following stockholder authorization on April 10, 2026, which granted discretion to set the ratio between 1-for-3 and 1-for-20. The amendment to the Third Amended and Restated Certificate of Incorporation was filed with the Delaware Secretary of State on April 21, 2026. The reverse split becomes effective at 12:01 a.m. Eastern Time on April 23, 2026, with trading on a split-adjusted basis commencing that morning under the symbol 'IPST'. The CUSIP number will change to 42727R 302. The company stated the primary rationale is compliance with Nasdaq Listing Rule 5550(a)(2) regarding minimum bid price, alongside managing dilution. The action reduces the outstanding common stock from approximately 10.59 million shares to 529,662 shares, while the authorized share count of 985 million remains unchanged, significantly increasing the number of shares available for future issuance. No fractional shares will be issued; instead, stockholders will receive cash for fractional interests. Outstanding options, warrants, and preferred stock conversion rates will be proportionately adjusted.