04:52 PM EDT, 10/31/2025 (MT Newswires) -- Heritage Distilling ( IPST ) , doing business as IP Strategy, said late Friday that its board has approved a 1-for-20 reverse stock split to bring the company into compliance with Nasdaq's minimum bid price requirement.

The shares will begin trading on a split-adjusted basis on Nov. 5, the company said.

Shares were down over 13% during after-hours activity.