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IP Strategy Holdings, Inc. (IPST) company profile

IPSTNasdaqBeveragesFiscal year ends December 31
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Oct 23, 2026Score 9/3094% below fair value
$2.10−0.07 (-3.23%)

Close on Nov 11, 2026Market cap $2.09MP/E –Yield 0.00%

About IP Strategy

Beverages, SIC 2080

The company operates two primary segments: digital asset infrastructure and craft spirits. In its technology business, the firm runs validator nodes on the Story Network layer 1 blockchain, where it validates transactions, secures the network, and stakes its digital asset reserves. It also offers validation services to third parties who delegate tokens to its nodes in exchange for a commission fee. Through its subsidiary, Heritage Distilling Company, the enterprise produces and sells craft whiskeys and flavored spirits. Its customers comprise blockchain network participants, independent token delegators, wholesale spirits distributors, direct-to-consumer beverage purchasers, and tribal partners participating in licensing agreements.

Operationally, the firm maintains validator infrastructure hosted through cloud services and utilizes regulated third-party custodians across the United States for asset storage. Its distilling division conducts wholesale distribution, direct consumer transactions, and partnership management via the Tribal Beverage Network. The provided documentation does not specify the company's corporate headquarters location, facility count, or geographic footprint.

Summary of the business section of IP Strategy's latest annual report, written by StockData.

Company profile

Company

Legal name
IP Strategy Holdings, Inc.
Founded
2016
Headquarters
Gig Harbor, WA
Address
11010 Harbor Hill Drive # B-308 98332
Phone
(253) 509-0008
Employees
21, Dec 31, 2025
Industry
Beverages
Incorporated in
Delaware
Fiscal year ends
December 31
Auditor
Marcum LLP, Costa Mesa, California

Stock & identifiers

Ticker
IPST
Former tickers
CASK until Sep 22, 2025
Exchange
Nasdaq
IPO date
Nov 25, 2024
Shares outstanding
1M, Oct 22, 2026
Public float
$5.09M, Jun 30, 2025
Filer category
<br>Emerging growth company
Stock splits
1-for-20 reverse, Apr 23, 2026; 1-for-20 reverse, Nov 5, 2025
SEC CIK
1788230
CUSIP
42727R302
ISIN
US42727R3021
FIGI
BBG01BY443J7
Share class FIGI
BBG01BY443K5
LEI
64886Y8EUO4NB680G967
EIN
83-4558219

Executives and directors

Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years

NamePositionShares owned
Jennifer D. H. StiefelPresident & Secretary, Director7,484
Justin B. StiefelCEO & Treasurer, Director7,484
Michael CarrosinoEVP of Finance & CFO4,363
Beth A. MarkerSVP of Tribal Partnerships527
Danielle B. PerkinsSVP of Wholesale Operations503
Brian C. JunDirector–
Andrew M. VargaDirector454,500
Matthew J. SwannDirector119,065
Jeffrey P. WenselDirector151,443
Christopher H. SmithDirector104,500
Eric S. TrevanDirector107,394
Troy AlsteadDirector114,500

Executive compensation, fiscal 2025

Summary compensation table from the latest proxy statement

ExecutiveSalaryStock awardsOtherTotalvs. prior year
Justin B. Stiefel
Chief Executive Officer and Treasurer
$159.36K$150.04K$154.91K$464.31K+49%
Jennifer D.H. Stiefel
President and Secretary
$164.39K$139.80K$134.68K$438.87K+39%
Michael Carrosino
Executive Vice President, Finance and Chief Financial Officer
$215.12K$223.89K$203.88K$642.88K+205%
Beth A. Marker
Senior Vice President, Retail Operations
$168.52K$51.72K$21.72K$241.96K+33%
Danielle B. Perkins
Senior Vice President, Wholesale
$134.81K$59.87K$79.98K$274.66K+59%

Stock and option awards are grant-date fair values, not realized pay. “Other” includes pension value changes and all other compensation. Source proxy statement.

IPO

From the final prospectus (Form 424B4) and the first day of trading

Offering

Type
Initial public offering
Final prospectus filed
Nov 25, 2024
Offer price
$4.00
Securities offered
1,687,500
Gross proceeds
$6.75M
Exchange
Nasdaq
First trading day
Nov 22, 2024
First-day close
$3.40-15.0%
Lock-up ends (est.)
May 21, 2025

“T he initial public offering price per share of our common stock is $4.00 .”

Lock-up end is estimated as 180 days after the first trading day; the prospectus sets the actual terms.

Employees

Headcount reported in annual reports

“As of March 31, 2026, we had 21 employees, of which one worked part-time.”

Corporate history

Events identified from SEC filings

DateEventDetails
Sep 1, 2026Listing noticeNotice of delisting or failure to satisfy a listing rule (8-K Item 3.01)
Aug 17, 2026Late filingNotification of late filing
May 18, 2026Late filingNotification of late filing
Apr 1, 2026Late filingNotification of late filing
Mar 20, 2026Listing noticeNotice of delisting or failure to satisfy a listing rule (8-K Item 3.01)
Feb 3, 2026Name changeName changed from Heritage Distilling Holding Company, Inc. to IP Strategy Holdings, Inc.
Nov 20, 2025Listing noticeNotice of delisting or failure to satisfy a listing rule (8-K Item 3.01)
Nov 17, 2025Late filingNotification of late filing
Oct 17, 2025Listing noticeNotice of delisting or failure to satisfy a listing rule (8-K Item 3.01)
May 15, 2025Late filingNotification of late filing
May 5, 2025Auditor changeChange in certifying accountant (8-K Item 4.01)
Apr 18, 2025Listing noticeNotice of delisting or failure to satisfy a listing rule (8-K Item 3.01)
Mar 28, 2025Late filingNotification of late filing
Nov 25, 2024IPOInitial public offering priced (424B4 prospectus)
Nov 15, 2024ListingRegistration of securities on an exchange (Form 8-A)

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