IPST IP STRATEGY HOLDINGS, INC.

“the lack of internal control at third-party service providers that we have engaged with to track all activities related to our digital asset treasury strategy”

“the lack of the quantity of resources to implement an appropriate level of review controls to properly evaluate the completeness and accuracy of transactions entered into by us, resulting in material post-closing and audit adjustments”

“due to our small size, we do not have a proper segregation of duties in certain areas of our financial reporting process. The areas where we have a lack of segregation of duties include cash receipts and disbursements, approval of purchases and approval of accounts payable invoices for payment.”

“Based on management s evaluation, our Chief Executive Officer and our Chief Financial Officer concluded that, as a result of the material weaknesses described below, as of June 30, 2026, our disclosure controls and procedures are not designed at a reasonable assurance level and are not effective to provide reasonable assurance”