Heritage Distilling Rebrands As IP Strategy; Adopts $IP Token Treasury Focus; Changes Nasdaq Ticker To 'IPST'

• Company rebrands as "IP Strategy" with focus on $IP token treasury strategy; new Nasdaq ticker symbol, IPST, to take effect on September 22, 2025.
  
   
• Shareholders approved all of the proposals on the agenda related to the Company's previously announced private placement financing transaction, strengthening capital structure and authorizing measures to support growth.
  
   
• Recent $223.8 million financing was ratified, eliminating $19.3 million in debt and adding over 53.2 million $IP tokens (worth approximately $731 million based on the $13.72 closing price of $IP as of September 21, 2025, as reported by CoinMarketCap).
  
   

GIG HARBOR, Wash., Sept. 22, 2025 (GLOBE NEWSWIRE) -- Heritage Distilling Holding Company, Inc. (the "Company") (NASDAQ:IPST) today announced that it will rebrand as "IP Strategy," reflecting its evolution into a public-market vehicle centered on the accumulation of $IP tokens, the native cryptocurrency of the Story Network. In connection with the rebranding, the Company's Nasdaq ticker symbol will change from "CASK" to "IPST," and is expected to commence trading under the new symbol at the market open on September 22, 2025. This change underscores the Company's shift toward leveraging the $IP token and the $80 trillion intellectual property economy driving the future of artificial intelligence. IP Strategy is the first Nasdaq-listed company to adopt a treasury reserve strategy centered on $IP tokens, and the name IP Strategy more directly highlights the mission of bridging public market investors to this massive emerging asset class.

At the Special Meeting of Stockholders held on September 18, 2025, IP Strategy's stockholders approved all of the proposals on the agenda related to the Company's previously announced private placement financing transaction, marking a crucial step in the Company's evolution and reflecting broad confidence in IP Strategy's vision and direction. Key measures approved include authorization for a potential reverse stock split (at a ratio between 1-for-5 and 1-for-20, which may now be implemented at the discretion of the Company's Board of Directors in the future) and an increase in the authorized shares of common stock from 495 million to 995 million. These actions provide the Company with flexibility to maintain compliance with Nasdaq listing requirements and to pursue accretive organic growth initiatives, strategic partnerships, and opportunistic acquisitions. Stockholders also approved the issuance of securities in connection with the Company's previously announced private placement financing and related proposals, reflecting strong support for management's strategy.