IP STRATEGY HOLDINGS, INC. (IPST)
CIK 1788230 · all EDGAR filings →
Same rating bands the category standard uses, but free, with the formula on the chip and the gaps in the data said out loud.
Shares outstanding over time
Latest: 995,933 shares as of Oct 22, 2026 (10-Q).⊙
Cash runway
Going-concern warning
auditor flagged substantial doubt
The company itself flagged going-concern doubt in a filing.
Full breakdown: cash runway tool · source filing →
Warrants
| Tranche | Warrants | Exercise price | Term | Notes |
|---|---|---|---|---|
| Prefunded Warrants | 523,779 | not tagged | — | — |
| Warrants Issued2022 | 248,476 | $6 | — | — |
| A600 Series B Exchange Warrants | 22,371 | $600 | — | — |
| A800 Series B Exchange Warrants | 20,134 | $800 | — | — |
| Series B Exchange Warrants | 18,992 | $0.04 | — | — |
| Advisor Warrants | 14,923 | $4 | — | — |
| Other Equity Classified Warrants | 13,066 | not tagged | — | — |
| Debtor Exchange Warrants | 12,694 | $4 | — | FV $2,063 |
| Prepaid Warrants | 9,679 | $0.002 | — | — |
| Prepaid Warrants1 | 5,793 | not tagged | — | — |
| Tranche3 Contingent Legacy Shareholder Warrants | 3,087 | $8000 | — | — |
| Tranche2 Contingent Legacy Shareholder Warrants | 2,460 | $4800 | — | — |
Tranches exactly as the company dimensioned them in its 10-Q filed Oct 23, 2026 →. Groupings can overlap (a “Series E and F” row is not additive with a “Series E” row), so do not sum this column. A tranche the filer did not tag is absent here, not absent from the cap table. DOWN-ROUND = the filer tagged price-protection accounting scoped to that tranche.
Warrants outstanding: 250,000 underlying shares, as reported Nov 22, 2024 (10-Q).
Reported exercise price: $4 (aggregate figure as tagged; individual tranches vary).
Balance-sheet fair value of warrants: $1.5M as of Dec 31, 2023.
Rough fully diluted estimate: 1.2M = 995,933 O/S + 250,000 warrant shares. An estimate, not a filing figure: it ignores converts, options and RSUs, and the two inputs carry different as-of dates.
Convertible notes
| Note | Principal | Carrying | Conv. price | Rate | If converted |
|---|---|---|---|---|---|
| 2022 Convertible Promissory Notes Subscriptions | $10.9M | — | not tagged | — | — |
| 2023 Convertible Promissory Notes Subscriptions | $5.4M | — | not tagged | — | — |
Notes exactly as the company dimensioned them in its 10-Q filed Oct 23, 2026 →. Principal is face amount as tagged, not what remains after repurchases unless the filer updated the tag. A note the filer did not dimension is absent here, not absent from the balance sheet; the exhibits stay the ground truth.
Fully diluted build-up
Shares outstanding plus every potential-share instrument the filer tagged in XBRL, each at its own as-of date. An estimate assembled from filed figures, not a filing figure itself.
| Shares outstanding | 995,933 | Oct 22, 2026 |
| + Prefunded Warrants (if exercised) | 523,779 | Jun 30, 2026 |
| + Warrants Issued2022 (if exercised) | 248,476 | Oct 23, 2026 |
| + A600 Series B Exchange Warrants (if exercised) | 22,371 | Aug 8, 2025 |
| + A800 Series B Exchange Warrants (if exercised) | 20,134 | Aug 8, 2025 |
| + Series B Exchange Warrants (if exercised) | 18,992 | Jun 30, 2026 |
| + Advisor Warrants (if exercised) | 14,923 | Oct 23, 2026 |
| + Other Equity Classified Warrants (if exercised) | 13,066 | Dec 31, 2025 |
| + Debtor Exchange Warrants (if exercised) | 12,694 | Aug 14, 2025 |
| + Prepaid Warrants (if exercised) | 9,679 | Dec 31, 2024 |
| + Prepaid Warrants1 (if exercised) | 5,793 | Dec 31, 2025 |
| + Tranche3 Contingent Legacy Shareholder Warrants (if exercised) | 3,087 | Jun 30, 2026 |
| + Tranche2 Contingent Legacy Shareholder Warrants (if exercised) | 2,460 | Jun 30, 2026 |
| Fully diluted estimate | 1.9M | +89.9% vs O/S |
Still excluded, because the filer does not tag them in countable form: employee options and RSUs, any instrument living only in exhibit prose, and instruments above missing a share count. Inputs carry different as-of dates, shown per row. Each figure traces to the tranche and note tables above and their cited filings.
Registrations and offerings
Registered offering capacity on live registrations: $390.4Mfrom the structured fee exhibits; registered is not remaining, takedowns are not subtracted
Last 12 months: 0 executed · 3 registered.
Full history and shelf status: offering checker · S-3 shelf checker
Source: SEC EDGAR XBRL company facts and filing metadata, fetched live and cached briefly. Share counts are cover-page figures with their form named. Warrant tranches and convertible notes come from the dimensioned facts in the latest 10-Q/10-K instance document, exactly as the company tagged them; untagged tranches and notes are absent, not disproven. Nothing on this page is manually verified and nothing is behind a login: what free data supports is shown, what it cannot support is stated. Not investment advice.
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