Overview
- Texas records show Victor Mokuolu CPA PLLC’s firm license expired in August and remained inactive as of December 26, which bars the firm from audit work until it is reactivated.
- Alt5 Sigma told the Financial Times its new auditor will not issue reviews or audits until the firm’s license is active and the ongoing peer review is finished by the end of January.
- The company has not filed its September-quarter results, placing it at risk of Nasdaq delisting after a prolonged reporting delay.
- Regulatory histories show the auditor was fined by the PCAOB in 2023 and penalized by the Texas State Board in 2024, with a prior failing grade in the profession’s peer review process.
- Governance strains include the resignation of director David Danziger, Eric Trump’s shift to board observer status after a Nasdaq review, and a share price decline of more than 77% in 2025.