IP Strategy Announces Reverse Stock Split

Core Points - Heritage Distilling Holding Company Inc., operating as IP Strategy, announced a 1-for-20 reverse stock split of its common stock, effective November 5, 2025 [1][3] - The reverse stock split aims to comply with Nasdaq's minimum bid price requirement and enhance the marketability and liquidity of the company's common stock [3] - Stockholders will automatically have their positions adjusted, and no fractional shares will be issued; instead, cash payments will be provided for any fractional shares [2][4] Company Overview - IP Strategy is the first Nasdaq-listed company to hold $IP tokens as a primary reserve asset and operates a validator for the Story Protocol, providing exposure to the $80 trillion programmable intellectual property economy [5] - The company’s treasury reserve of $IP tokens allows for participation in the Story ecosystem, facilitating on-chain registration, licensing, and monetization of intellectual property [5] About the $IP Token and Story - The $IP token is part of the AI-native blockchain network called Story, which enables the programmability, traceability, and monetization of intellectual property in real time [7] - Story has received $136 million in backing from notable investors including a16z crypto, Polychain Capital, and Samsung Ventures, and launched its mainnet in February 2025 [7]