Overview
- Nasdaq placed Alt5 Sigma on its noncompliant companies list for failing to file its third‑quarter Form 10‑Q and gave the company until Jan. 20, 2026 to submit a remediation plan, with a possible extension if accepted.
- Alt5 Sigma has not filed the report and previously told the SEC on Nov. 12 that the delay partly reflected the “timeliness and responsiveness” of its independent accounting firm.
- The company reported learning on Nov. 21 that Hudgens CPA resigned effective immediately, but William Hudgens says he told Alt5 before June 30 he would stop auditing public companies after completing the second quarter.
- A separate disclosure gap involves management timing: the board reported suspending CEO Peter Tassiopoulos on Oct. 16, though a Sept. 4 internal email said he was already on temporary leave, and recent filings detailed further leadership departures and changes.
- In August, Alt5 Sigma assembled roughly $1.5 billion in WLFI tokens in a transaction that directed significant proceeds to a Trump‑affiliated entity and expanded WLFI’s influence over the company’s governance.