ALT5 Sigma appointed Victor Mokuolu CPA PLLC as auditor while the firm’s license was inactive; the company missed its Q3 filing, faces possible Nasdaq delisting, and has ties to World Liberty Financial and a controversial WLFI token agreement. The new auditor has prior PCAOB and state penalties and failed peer reviews; a peer review is ongoing. ALT5 has seen a sharp share decline in 2025, a board resignation creating audit-committee compliance issues, and Eric Trump moved to a board observer role after Nasdaq review.

Facts: new auditor appointed while its license was expired (barred from issuing audits until renewed); auditor has PCAOB fines (2023) and Texas penalties (2024) and peer-review failures; ALT5 missed Q3 filing and faces possible Nasdaq delisting; share decline, board resignation left audit-committee compliance issues; ties to World Liberty Financial and WLFI token noted. These facts imply elevated governance and regulatory risk for the company and its token ties.