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Amin Ayan

ALT5 Sigma Faces Nasdaq Delisting Risk as Unlicensed Auditor and Compliance Issues Mount

Nasdaq-listed crypto firm ALT5 Sigma, backed by Trump-linked World Liberty Financial, has come under pressure after appointing Victor Mokuolu CPA PLLC as its new auditor while the firm's license is inactive. State filings cited in the FT indicate the auditor's license expired in August and had not been renewed by late December, adding to ALT5 Sigma's missed Q3 filing deadline, past regulatory penalties for the auditor, a more than 77% stock decline in 2025, and rising Nasdaq delisting concerns. Governance questions intensified following a board resignation, executive removals and Eric Trump taking only an observer role instead of joining the board.