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ALT5 Sigma Corp (NASDAQ:ALTS) reported that its independent registered public accounting firm, Hudgens CPA, PLLC, resigned effective immediately on November 21, 2025. The resignation follows the retirement of the sole partner at Hudgens, according to a statement provided in a recent SEC filing. The news comes as ALT5 Sigma’s stock trades at $1.87, down nearly 80% over the past six months and about 60% year-to-date, according to InvestingPro data.
The company stated that Hudgens’ resignation was not due to any disagreements regarding accounting principles, financial statement disclosures, or auditing procedures. Hudgens’ audit reports on ALT5 Sigma’s consolidated financial statements for the fiscal years ended December 28, 2024, and December 30, 2023, did not contain adverse opinions or disclaimers of opinion, nor were they qualified or modified as to uncertainty, audit scope, or accounting principles. The only exceptions were explanatory paragraphs describing uncertainties about the company’s ability to continue as a going concern and, for 2024, a section regarding the valuation of intangible assets related to a business combination.
ALT5 Sigma also disclosed that during the audited periods and subsequent interim periods, there were no reportable events or unresolved disagreements with Hudgens as defined by SEC regulations.
The company has provided Hudgens with a copy of its disclosures and requested a letter addressed to the SEC confirming agreement with the statements made in the filing.
ALT5 Sigma indicated it is currently seeking to engage a new independent registered public accounting firm and will file an additional Form 8-K once a new auditor is appointed. This information is based on a press release statement included in the company’s SEC filing.
In other recent news, Alt5 Sigma Corp reported a significant legal development as the company filed a lawsuit against Wellington Peel, LLC, and associated parties over unauthorized data access. This legal action seeks to prevent the misuse of company information. In corporate leadership changes, Alt5 Sigma announced the suspension of its CEO, Peter Tassiopoulos, with Jonathan Hugh stepping in as Acting CEO. Shareholders of Alt5 Sigma approved an amendment to increase the authorized common stock from 200 million to 2 billion shares, reflecting a substantial change in the company’s capital structure.
Additionally, in a special meeting, shareholders approved the issuance of 119 million shares tied to warrants held by World Liberty Financial, Inc. This decision aligns with Nasdaq Listing Rules and was part of a securities purchase agreement. Meanwhile, MOG Digitech Holdings Limited invested $500,000 in Alt5 Sigma, participating in a recent offering led by World Liberty Financial, Inc. These developments highlight a period of strategic and structural changes for Alt5 Sigma.
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