Webstar Technology Group Inc. 8-K

What Happened
Webstar Technology Group Inc. (WBSR) filed an 8-K on April 17, 2026 stating its prior independent auditor mutually agreed with the company to discontinue the audit engagement for the fiscal year ended December 31, 2025 and did not issue an audit report or opinion. During Q1 2026 the company engaged Victor Mokuolu, CPA PLLC as its new independent registered public accounting firm to perform the 2025 audit in accordance with PCAOB standards.

Key Details

• The Former Auditor did not complete audit procedures or issue an opinion for the year ended December 31, 2025; the engagement was discontinued by mutual agreement.
• Disagreements with the Former Auditor involved interpretation of accounting principles, financial statement presentation, audit procedures, and the classification/timing/support for certain obligations.
• New auditor: Victor Mokuolu, CPA PLLC, engaged in Q1 2026 to audit the consolidated financial statements for the fiscal year ended December 31, 2025; expected to issue an audit report after completing procedures.
• The company says it provided requested documentation, is cooperating fully, requested the Former Auditor’s concurrence letter to the SEC, and plans to file an amended Form 10‑K (10‑K/A) after the new audit is completed.
• The company confirmed no consultations with the new auditor occurred during the two most recent fiscal years or the interim period about accounting application or likely audit opinion.

Why It Matters
An auditor change tied to an incomplete audit is material because it affects confidence in the company’s 2025 financial statements and timing of the company’s final audited results. Investors should watch for the amended Form 10‑K and the new auditor’s report to see whether any adjustments, qualifications, or disclosures are required and for any impact on reported results or timing of SEC filings.