Heritage Distilling (IPST) Holding Company Inc. d/b/a IP Strategy, announced that its Board of Directors has approved a 1-for-20 reverse stock split of the company’s common stock. The reverse stock split is expected to become effective at 12:01 a.m. on November 5, 2025, and the company’s common stock is expected to begin trading on the Nasdaq Capital Market on a split-adjusted basis when the market opens on November 5, 2025, under its existing ticker symbol, “IPST.” The new CUSIP number will be 42727R 203.
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