Heritage Distilling shares fall 2.29% after-hours after announcing IP strategy and new advisory team.

Heritage Distilling Holding Company, Inc. dropped 2.29% in after-hours trading. The company announced its 'IP Strategy,' which involves evolving into a public-market vehicle centered on the accumulation of $IP tokens, the native token of the Story network. The strategy includes support from an experienced advisory and governance team, with key figures such as Phil Blows, Chief Investment Officer appointee, Ben Sternberg, Strategic Finance Advisor, and David Lee, Board Member Nominee.