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Sentinel Holdings (SNTL) replaces auditor after going concern opinions

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Sentinel Holdings Ltd. reported a change in its independent auditor. The board dismissed Bush & Associates CPA LLC as the company’s independent registered public accounting firm after it completed the audit of the consolidated financial statements for the year ended December 31, 2025.

Bush & Associates’ audit reports for the years ended December 31, 2025 and 2024 included a “going concern” qualification but no other adverse or modified opinions, and the company states there were no disagreements or reportable events under Regulation S-K. The board appointed DiPiazza LaRocca Heeter & Co., LLC as the new independent registered public accounting firm for the fiscal year ending December 31, 2026, beginning with the review of the quarter ending March 31, 2026.

Positive

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Negative

  • None.

Insights

Sentinel replaces its auditor after going concern opinions, with no reported disputes.

Sentinel Holdings dismissed Bush & Associates CPA LLC after it issued audit opinions with a “going concern” qualification on the 2024 and 2025 financial statements. The company reports no disagreements or reportable events under Item 304 of Regulation S-K.

The board appointed DiPiazza LaRocca Heeter & Co., LLC as auditor for the fiscal year ending December 31, 2026, starting with the review of the quarter ending March 31, 2026. The filing notes that Sentinel did not previously consult the new firm on accounting treatments or expected audit opinions.

Future company filings for periods ending after March 31, 2026 will reflect the new auditor’s work and may offer more context on the going concern issues already highlighted in prior audit reports.

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, and exhibit attachments filed with this report.
Prior audit years 2024 and 2025 Years with going concern qualification in audit reports
New auditor fiscal year Year ending December 31, 2026 Engagement period for DiPiazza LaRocca Heeter & Co., LLC
Quarter for first review Quarter ending March 31, 2026 Start of new auditor’s review of condensed consolidated financials
Exhibit number 16.1 Letter from Bush & Associates to the SEC on the disclosures
going concern financial
"The audit reports ... contained a ‘going concern’ qualification, but did not otherwise contain an adverse opinion"
A going concern is a business that is expected to continue its operations and meet its obligations for the foreseeable future, rather than shutting down or selling off assets. This assumption matters to investors because it indicates stability and ongoing profitability, making the business a more reliable investment. Think of it as believing a restaurant will stay open and serve customers, rather than closing down suddenly.
independent registered public accounting firm financial
"dismissal of Bush & Associates CPA LLC ... as the Company's independent registered public accounting firm"
An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.
reportable events regulatory
"there were no: (1) 'disagreements' ... or (2) 'reportable events' (as defined in Item 304(a)(1)(v) of Regulation S-K)"
Reportable events are significant incidents or changes a company is legally required to disclose to regulators and the public, such as major safety problems, legal actions, financial irregularities, or management changes. They matter to investors because these events can alter a company’s risk profile or future performance, much like a dashboard warning light signals a problem that could affect a car’s safety or reliability. Timely disclosure helps investors make informed decisions and maintain market fairness.
disagreements regulatory
"there were no: (1) 'disagreements' (within the meaning of Item 304(a)(1)(iv) of Regulation S-K"
Regulation S-K regulatory
"within the meaning of Item 304(a)(1)(iv) of Regulation S-K and related instructions"
A set of U.S. Securities and Exchange Commission rules that tell public companies which narrative and qualitative details must be disclosed in filings, such as risk factors, management discussion, executive pay, legal proceedings and business description. Think of it as a standardized checklist or blueprint that ensures investors get the same types of background information from every company so they can compare risks, management quality and strategy before making investment decisions.
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0000889353 false 0000889353 2026-06-09 2026-06-09

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):  June 9, 2026

 

SENTINEL HOLDINGS LTD

(Exact name of registrant as specified in its charter)

 

Nevada

 

333-193220

 

95-4363944

(State or other jurisdiction
of incorporation)

 

(Commission File Number)

 

(I.R.S. Employer
Identification No.)

 

44262 North Division Street, Lancaster, CA 93535

(Address of principal executive offices and zip code)

 

408-750-0038

(Registrant’s telephone number, including area code)

 

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

NONE

 

SECURITIES  MARKET WHERE STOCK TRADES

 

Title of each class

 

Trading Symbol

 

Name of each exchange on which registered

Common Stock, par value $.001 per share

 

SNTL

 

OTCMKTS

 

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

Not Applicable

 

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))

  

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§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

 

Dismissal of Independent Registered Public Accounting Firm

 

On June 9, 2026, the Board of Directors of the Company approved the dismissal of Bush & Associates CPA LLC (“Accountant”), as the Company's independent registered public accounting firm following the completion of its audit of the Company's consolidated financial statements as of and for the year ended December 31, 2025 and the issuance of the Accountant's reports thereon. The Accountant was dismissed on June 10, 2026 (IS THAT THE DATE BUSH WILL BE INFORMED?).

 

The audit reports of the Accountant on the consolidated financial statements of the Company as of and for each of the fiscal years ended December 31, 2025 and 2024, contained a ‘going concern’ qualification, but did not otherwise contain an adverse opinion or a disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope, or accounting principles.

 

In connection with the audits of the Company’s consolidated financial statements for each of the fiscal years ended December 31, 2025 and 2024, there were no: (1) 'disagreements' (within the meaning of Item 304(a)(1)(iv) of Regulation S-K and related instructions) with the Accountant on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedures, which disagreements, if not resolved to the Accountant's satisfaction, would have caused the Accountant to make reference to the subject matter of the disagreement in connection with the Accountant's opinion to the subject matter of the disagreement; or (2) 'reportable events' (as defined in Item 304(a)(1)(v) of Regulation S-K).

 

The Company provided the Accountant with a copy of the foregoing disclosures on June 10, 2026 and requested that the Accountant furnish a letter addressed to the Securities and Exchange Commission stating whether it agreed with the statements made herein. A copy of such letter from the Accountant is attached as Exhibit 16.1 and is incorporated herein by reference.

 

Engagement of New Independent Registered Public Accounting Firm

 

On June 9, 2026, the Board of Directors appointed DiPiazza LaRocca Heeter & Co., LLC, 510 Office Park Drive, Suite 100, Birmingham, AL 35223, (“DLHC”) as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2026, effective beginning with the review of the Company's condensed consolidated financial statements for the quarter ending March 31, 2026.

 

During the Company's fiscal years ended December 31, 2025 and 2024, and the subsequent interim period through June 9, 2026, neither the Company nor anyone acting on its behalf consulted DLHC with respect to either: (i) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company's financial statements, and no written report was provided to the Company or oral advice was provided that DLHC concluded was an important factor considered by the Company in reaching a decision as to an accounting, auditing or financial reporting issue; or (ii) any matter that was either the subject of a 'disagreement' (as defined in Item 304(a)(1)(iv) of Regulation S-K and related instructions) or a 'reportable event' (as described in Item 304(a)(1)(v) of Regulation S-K).

 

Item 9.01. Financial Statements and Exhibits.

 

(d)    Exhibits. The following exhibits are being furnished as part of this report.

 

Exhibit Number

 

Description

16.1

 

Letter from Bush & Associates CPA LLC to the Securities and Exchange Commission, dated June ___, 2026.

104

  

Cover page interactive data file (embedded within the Inline XBRL document)  (I DEFER TO DON DAVIS AND COLONIAL WITH RESPECT TO THIS LAST ITEM.)


 

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.

 

 

 

 

 

 

 

By:

/s/ Kyle Madej

 

 

 

 

 

Chief Executive Officer

 

 

 

 

Date:

June 10, 2026

 

FAQ

What auditor change did Sentinel Holdings (SNTL) disclose in this 8-K?

Sentinel Holdings dismissed Bush & Associates CPA LLC as its independent registered public accounting firm and appointed DiPiazza LaRocca Heeter & Co., LLC for the fiscal year ending December 31, 2026, beginning with the review of the quarter ending March 31, 2026.

Why did Sentinel Holdings’ prior audit reports include a going concern qualification?

The filing states that Bush & Associates’ audit reports for the years ended December 31, 2025 and 2024 contained a “going concern” qualification, indicating substantial doubt about the company’s ability to continue operating, though no further detail on underlying causes is provided here.

Were there any disagreements with Bush & Associates reported by Sentinel Holdings (SNTL)?

The company reports no disagreements with Bush & Associates on accounting principles, financial statement disclosure, or audit scope and procedures, and no reportable events as defined in Item 304(a)(1) of Regulation S-K during the 2024 and 2025 audits.

Did Sentinel Holdings consult the new auditor before the engagement?

Sentinel Holdings states that during 2024, 2025 and the interim period through June 9, 2026, it did not consult DiPiazza LaRocca Heeter & Co., LLC on specific accounting transactions, potential audit opinions, disagreements, or reportable events before appointing the firm.

Filing Exhibits & Attachments

4 documents