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Alt5 Sigma Ousts Lapsed-Licence Auditor as Nasdaq Filing Lapse Puts Listing at Risk

A new accounting firm steps in after state records showed the prior auditor lacked an active licence.

Overview

  • Alt5 Sigma dismissed Victor Mokuolu CPA PLLC on December 25 and, according to a new regulatory filing, hired LJ Soldinger Associates as its auditor.
  • Texas records show Mokuolu’s firm licence expired in August and was inactive on December 26, barring it from audit work and following PCAOB and state penalties.
  • The company has yet to file its September‑quarter results, exposing it to potential delisting from Nasdaq for missing required disclosures.
  • Leadership churn—including the departures of the CEO, CFO and director David Danziger—left the company out of compliance with audit‑committee requirements.
  • Alt5 Sigma disclosed holdings of about 7.3 billion WLFI tokens tied to the Trump family, and it faces separate legal risk from a Rwandan court ruling that is under appeal.