Microcap Ledger IP Strategy Holdings, Inc. $IPST
Facts as of . Built from SEC filings and our own data. Small caps move fast; check the latest filings.
Snapshot
- Exchange
- Nasdaq Capital Market
- Sector
- Beverages
- Headquarters
- Gig Harbor, WA
- Fiscal year end
- December 31
- Shares outstanding
- 686,080 [10-Q 2026-05-20]
What the company doesAI summary of filing
IP Strategy Holdings operates a diversified business centered on digital asset management and intellectual property infrastructure, supplemented by a legacy craft spirits segment. The company holds 53.2 million $IP Tokens acquired in August 2025, which it deploys to generate yield through validator operations on the Story Network (a decentralized blockchain for IP registration and licensing) and staking programs. Revenue is generated through validator services, staking rewards, and delegated staking commissions, with the company treating incremental tokens earned as revenue under GAAP. The craft spirits segment, operated through Heritage Distilling Company, produces and sells award-winning whiskeys and flavored spirits through wholesale distribution, direct-to-consumer channels, and tribal beverage network licensing arrangements, with a recent shift toward an asset-light strategy focused on premium products and margin expansion. [10-K 2026-04-14]
Financial health
| Period | Revenue | Net income | Operating cash flow | Cash | Filing |
|---|---|---|---|---|---|
| 3 months to Mar 2026 | $1.71M | −$66.74M | −$2.45M | $92.7K | [10-Q 2026-05-20] |
| FY ended Dec 2025 | $10.12M | −$137.72M | −$15.33M | $453.2K | [10-K 2026-04-14] |
| FY ended Dec 2024 | $8.40M | $710.5K | −$11.22M | $453.2K | [10-K 2025-04-28] |
- Quarterly cash burn
- −$2.45M
- Cash runway Estimate
- ~0.1 months
Capital structure and dilution
| Date | Shares outstanding | Filing |
|---|---|---|
| 2024-12-20 | 4,640,883 | [10-Q 2024-12-27] |
| 2025-04-25 | 6,921,564 | [10-K/A 2025-04-28] |
| 2025-05-19 | 8,151,324 | [10-Q 2025-05-20] |
| 2025-08-13 | 26,239,027 | [10-Q/A 2025-08-18] |
| 2025-11-13 | 9,173,955 | [10-Q 2025-11-18] |
| 2026-03-31 | 10,283,427 | [10-K 2026-04-14] |
| 2026-05-19 | 686,080 | [10-Q 2026-05-20] |
- Shelf registration
- S-3 filed 2026-06-02; no effectiveness notice found in EDGAR [S-3 2026-06-02]
Listing status
Current status: 5 Form 8-K Item 3.01 filing(s) in the last 24 months, most recent 2026-09-01. Item 3.01 covers delisting notices, failures to meet a listing rule and listing transfers; read the filing for which one.
| Date | Event | Details | Deadline | Filing |
|---|---|---|---|---|
| 2026-09-01 | 8-K Item 3.01 | Notice of delisting or failure to satisfy a continued listing rule or standard; or transfer of listing | — | [8-K 2026-09-01] |
| 2026-03-20 | 8-K Item 3.01 | Notice of delisting or failure to satisfy a continued listing rule or standard; or transfer of listing | — | [8-K 2026-03-20] |
| 2025-11-20 | 8-K Item 3.01 | Notice of delisting or failure to satisfy a continued listing rule or standard; or transfer of listing | — | [8-K 2025-11-20] |
| 2025-10-17 | 8-K Item 3.01 | Notice of delisting or failure to satisfy a continued listing rule or standard; or transfer of listing | — | [8-K 2025-10-17] |
| 2025-04-18 | 8-K Item 3.01 | Notice of delisting or failure to satisfy a continued listing rule or standard; or transfer of listing | — | [8-K 2025-04-18] |
Who owns it
| Date | Insider | Type | Shares | Price | Filing |
|---|---|---|---|---|---|
| 2026-10-02 | Perkins Danielle B | exercise | 94 | — | [4 2026-10-05] |
| 2026-10-02 | Perkins Danielle B | other | 39 | $3.08 | [4 2026-10-05] |
| 2026-10-02 | Marker Beth A | exercise | 94 | — | [4 2026-10-05] |
| 2026-10-02 | Marker Beth A | other | 28 | $3.08 | [4 2026-10-05] |
| 2026-08-02 | Carrosino Michael | exercise | 125 | — | [4 2026-08-03] |
| 2026-08-02 | Carrosino Michael | other | 38 | $2.16 | [4 2026-08-03] |
| 2026-08-02 | Carrosino Michael | exercise | 1,111 | — | [4 2026-08-03] |
| 2026-08-02 | Carrosino Michael | other | 330 | $2.16 | [4 2026-08-03] |
| 2026-08-02 | Stiefel Jennifer D H | exercise | 209 | — | [4 2026-08-03] |
| 2026-08-02 | Stiefel Jennifer D H | other | 62 | $2.16 | [4 2026-08-03] |
| 2026-08-02 | Stiefel Jennifer D H | exercise | 1,459 | — | [4 2026-08-03] |
| 2026-08-02 | Stiefel Jennifer D H | other | 433 | $2.16 | [4 2026-08-03] |
Catalysts and calendar
| Date | Type | Title |
|---|---|---|
| 2026-09-24 | 13G | Beneficial ownership report (5%+ holder) |
| 2026-09-01 | 8-K | Listing notice or transfer |
| 2026-08-17 | NT 10-Q | Notice of late quarterly report |
| 2026-06-25 | 8-K | Director or officer change; Shareholder vote results |
| 2026-06-02 | S-3 | Registration statement |
| 2026-05-20 | 10-Q | Quarterly report |
| 2026-05-18 | NT 10-Q | Notice of late quarterly report |
| 2026-05-14 | 8-K | Other events |
| 2026-04-29 | DEF 14A | Proxy statement |
| 2026-04-21 | 8-K | Change to security holder rights; Charter, bylaws or fiscal year change; Other events |
| 2026-04-16 | 8-K | Director or officer change; Regulation FD disclosure |
| 2026-04-14 | 8-K | Shareholder vote results |
Alerts for $IPST
Email me when IP Strategy Holdings, Inc. files an offering, gets a deficiency notice, or moves sharply.
Facts as of . Small caps move fast; check the latest filings.