Very excited to share the big news today: Heritage Distilling has officially rebranded as IP Strategy (Nasdaq: IPST) - the first public company dedicated to building a treasury of $IP. This is something we have been building toward for a long time. With this change, the company’s identity now reflects its mission to position IP as the foundational asset class of the AI era. Why it matters: ✅ New name & ticker (Nasdaq: IPST effective at today’s market open) ✅ Balance sheet reset (all senior secured debt eliminated) ✅ >53M $IP tokens added on balance sheet (~$731M value as of Sep 21, 2025) ✅ Shareholders gave approval of all proposals related to the financing transaction, setting IP Strategy up for a new growth mandate For Story, this is a milestone. IP Strategy represents our primary presence in the U.S. public markets and a key vehicle through which investors can gain exposure to $IP. The Foundation is a significant stakeholder in this vehicle, and plans to use it to bridge crypto...
📣 IP Strategy is officially trading under a new ticker Nasdaq: IPST (effective at today’s market open) — becoming the first publicly listed vehicle to implement a treasury reserve strategy built around $IP, the native token of the Story Network, powering the $80T intellectual property economy. With this milestone, the company’s identity now fully reflects its mission to position $IP as the foundational asset class of the AI era. 🗒️ At our Special Meeting of Stockholders on Sept 18, 2025: All proposals related to the previously announced private placement financing transaction were approved, with 66% of all eligible shares being voted, and the measures winning the overwhelming support of 79% of those 10.1 million shares voted, strengthening the capital structure and endorsing a new growth mandate, highlighted by the following: ✔️ $223.8M private placement financing approved in accordance with Nasdaq requirements ✔️ $19.3M debt eliminated ✔️ 53.2M $IP tokens (valued at ~$731M as of...
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