Independence Power switches external auditor

Independence Power Holdings, Inc. reported that its board dismissed JP Centurion & Partners PLT as independent registered public accounting firm on January 21, 2026 and, on the same date, engaged Whitley Penn LLP as the new independent auditor.

Rhea-AI Filing Summary

Independence Power Holdings, Inc. reported that its board dismissed JP Centurion & Partners PLT as independent registered public accounting firm on January 21, 2026 and, on the same date, engaged Whitley Penn LLP as the new independent auditor.

JP Centurion’s report on the company’s financial statements for the year ended December 31, 2024 included an explanatory paragraph about the company’s ability to continue as a going concern but did not contain an adverse opinion, disclaimer of opinion, or qualifications on scope or principles. The company states there were no disagreements or reportable events with JP Centurion for the fiscal years ended December 31, 2025 and 2024 through the engagement date, and it has requested a letter from JP Centurion to be filed as an amendment when available. The company also notes it did not consult Whitley Penn on accounting or audit issues before this engagement.

Insights

Audit & Governance Analyst

Company replaces auditor with no reported disputes or events.

Independence Power Holdings replaced JP Centurion with Whitley Penn as its independent auditor, while stating there were no disagreements or reportable events in recent fiscal years. The prior auditor’s 2024 report included a going concern explanatory paragraph, highlighting existing financial uncertainty.

This change introduces a new audit perspective, but the company emphasizes it did not previously consult Whitley Penn on accounting treatments or expected opinions. Actual implications will depend on Whitley Penn’s future audit reports and whether the going concern emphasis continues in financial statements for periods after December 31, 2025.

8-K Event Classification

2 items: 4.01, 9.01

2 items

Item 4.01 Changes in Registrant's Certifying Accountant Governance

The company changed its independent auditing firm, which may involve disagreements on accounting matters.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What auditor change did Independence Power Holdings (ITXP) disclose?

Independence Power Holdings’ board dismissed JP Centurion & Partners PLT as its independent registered accounting firm and, on January 21, 2026, engaged Whitley Penn LLP as the new independent auditor. The company reported this change without citing disagreements or reportable events with the former firm.

Did Independence Power Holdings (ITXP) report disagreements with its former auditor?

The company stated there were no disagreements with JP Centurion on accounting principles, financial statement disclosure, or audit scope for fiscal years ended December 31, 2025 and 2024 through the engagement date. It also reported no “reportable events” as defined in Item 304 of Regulation S-K.

What did JP Centurion’s prior report say about Independence Power Holdings (ITXP)?

JP Centurion’s report on Independence Power Holdings’ financial statements for the year ended December 31, 2024 included an explanatory paragraph about the company’s ability to continue as a going concern, but did not contain an adverse opinion, disclaimer of opinion, or qualifications on audit scope or accounting principles.

Did Independence Power Holdings (ITXP) consult Whitley Penn before engaging it?

The company reported that during the two years ended December 31, 2025 and 2024, and through the engagement date, it did not consult Whitley Penn on applying accounting principles, potential audit opinions, or any matters that would have been disagreements or reportable events under Regulation S-K Item 304(a).

Will JP Centurion respond to Independence Power Holdings’ (ITXP) 8-K statements?

Independence Power Holdings provided JP Centurion a copy of the report and requested a letter addressed to the SEC indicating whether it agrees with the company’s disclosures. The company plans to file that letter on a future amendment to this report once it becomes available.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 01/27/2026 - 05:30 PM Learn about SEC filing dates

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): January 21, 2026

INDEPENDENCE POWER HOLDINGS, INC.

(Exact name of registrant as specified in its charter)

Nevada		333-282541		35-2851106
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

14114 N. Dallas Parkway, Suite 200, Dallas, Texas 75254

(Address of principal executive offices) (Zip Code)

(903) 944-7121

(Registrant’s telephone number, including area code)

TriUnity Business Services Limited

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol		Name of each exchange on which registered
N/A		N/A		N/A

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act (§230.405 of this chapter) or Rule 12b-2 of the Exchange Act (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act ☐

Item 4.01 Changes in Registrant’s Certifying Accountant.

On January 21, 2026, the board of directors (the “Board”) of Independence Power Holdings, Inc. (f/k/a TriUnity Business Services Limited) (the “Company”) approved the dismissal of JP Centurion & Partners PLT (“JP Centurion”)as its independent registered accounting firm. Additionally, on January 21, 2026 (the “Engagement Date”), the Board approved the engagement of Whitley Penn LLP (“Whitley Penn”) as its independent registered accounting firm.

JP Centurion’s report on the Company’s financial statements for the fiscal year ended December 31, 2024 did not contain an adverse opinion or a disclaimer of opinion, nor were such financial statements qualified or modified as to uncertainty, audit scope, or accounting principles, except that such report contained an explanatory paragraph regarding the Company’s ability to continue as a going concern. 

During the fiscal years ended December 31, 2025 and 2024, and through the Engagement Date, there were no “disagreements” (as such term is defined in Item 304 of Regulation S-K) with JP Centurion on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreement(s), if not resolved to the satisfaction of the former accountant, would have caused it to make reference to the subject matter of the disagreement(s) in connection with its report. 

During the fiscal years ended December 31, 2025 and 2024, and through the Engagement Date, there were no “reportable events” (as such term is defined in Item 304 of Regulation S-K). 

The Company has provided JP Centurion with a copy of this Current Report on Form 8-K (this “Report”) and requested that JP Centurion provide the Company with a letter addressed to the Securities and Exchange Commission (the “SEC”) stating whether or not it agrees with the above statements related to them made by the Company in this Report and, if not, stating the respects in which it does not agree. The Company will submit a letter from JP Centurion when available and file on a Form 8-K/A.

During the two years ended December 31, 2025 and 2024, and during the subsequent interim period through the Engagement Date, the Company did not consult with Whitley Penn regarding: (i) the application of accounting principles to a specific completed or contemplated transaction, or the type of audit opinion that might be rendered on the Company’s consolidated financial statements, and no written or oral advice was provided by Whitley Penn that was an important factor considered by the Company in reaching a decision as to accounting, auditing or financial reporting issues, or (ii) any matter that was either the subject of a disagreement or event, as set forth in Item 304(a)(1)(iv) or Item 304(a)(1)(v) of Regulation S-K.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit Number		Description
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	INDEPENDENCE POWER HOLDINGS, INC.
Date: January 27, 2026	By:	/s/ Todd Parkin
		Todd Parkin Chief Executive Officer

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