Webstar Technology Group filings document material events, reporting status, governance, and project-related agreements for an operating company pursuing real asset development through affiliated entities. Recent 8-K disclosures cover the completed acquisition of downtown Atlanta property for the Forge Atlanta project and the company’s Corporate Participation Model, including strategic oversight, capital structuring, regulatory governance, and technology integration.
Other filings address an exchange licensing agreement for blockchain-enabled infrastructure and compliance technology services, responsibility for securities-law compliance by issuer entities, a notification of late Form 10-K filing, and a change in independent registered public accounting firm. These records also include risk-factor references, accounting and audit matters tied to public-company reporting.
Webstar Technology Group, Inc. reports a change in its independent auditor for the fiscal year ended December 31, 2025. The previous firm did not complete its audit procedures or issue an audit opinion before the engagement was mutually discontinued.
During the prior engagement, the company and the former auditor had unresolved differences in interpreting certain accounting principles, financial statement presentation, and audit procedures, including classification, timing, and supporting documentation for some obligations. Webstar states it provided all requested documentation.
In the first quarter of 2026, Webstar engaged Victor Mokuolu, CPA PLLC as its new independent registered public accounting firm to audit the 2025 consolidated financial statements under PCAOB standards. The company plans to file an amended Form 10-K once this audit is completed.
Webstar Technology Group, Inc. is transitioning into an early-stage specialty real estate developer focused on the 10-acre Forge Atlanta mixed-use project. In 2025 it generated no revenue and reported an unaudited net loss of $1,331,390, with management-prepared U.S. GAAP statements.
The prior auditor did not complete the audit of the December 31, 2025 financials after unresolved differences over accounting principles and presentation, and issued no opinion. A successor firm has been engaged and the company plans to amend this report once the audit is finished.
Webstar bought Atlanta land for $34,500,000, largely financed by a $33,700,000 Purchase Money Promissory Note. That note matured on April 1, 2026 and is in default, with interest now accruing at 12.5% per year while restructuring discussions continue. A separate short-term note of about $32,992 was repaid in January 2026.
At December 31, 2025 assets were $37,985,344 against liabilities of $40,292,845, including a related-party convertible note of $1,000,000 that is also in default. The accumulated deficit reached $48,867,619, and the filing highlights substantial doubt about the company’s ability to continue as a going concern.
Webstar remains an emerging growth and smaller reporting company with limited staff and heavy reliance on its CEO. As of April 15, 2026 it had 404,600,271 common shares outstanding plus 1,000 Series A Preferred shares that control 300% of common-stock voting power but have no economic preference.
Webstar Technology Group, Inc., through its affiliate Forge Atlanta Asset Management, LLC, entered into an Exchange Licensing Agreement with Torch, LLC to support potential tokenization of economic interests in the Forge Atlanta development project.
Under the agreement, Torch will provide blockchain-enabled exchange infrastructure, ERC-3643 smart contract deployment, compliance monitoring, investor accreditation, verification services, and related transaction processing. Webstar’s affiliated issuer entities will handle offering documents, securities law compliance, and any required registrations or exemptions.
The company emphasizes that this is a technology and infrastructure arrangement, not a securities offering by the parent company, and that any potential digital securities offerings by affiliated entities would depend on regulatory requirements and are subject to forward-looking risks and uncertainties.
Webstar Technology Group, Inc. completed the acquisition of commercial property in Fulton County, Georgia for total consideration of $34.5 million. The deal was executed through its subsidiary Forge Atlanta Asset Management, LLC, which purchased land lots 84 and 85 of the 14th District from McCall Railroad, LLC under a Commercial Purchase and Sale Agreement. The transaction, initially structured at $33,000,000, closed at the higher consideration and supports the Company’s stated strategy to develop mixed-use commercial and residential complexes.
Webstar Technology Group (WBSR) filed its Q3 2025 10‑Q, reporting no revenue and continued losses. The company posted a net loss of $209,960 for the quarter and $363,736 year‑to‑date. Cash was $7,789 against current liabilities of $1,919,807, resulting in a stockholders’ deficit of $(1,311,847). Management states these conditions raise “substantial doubt” about the company’s ability to continue as a going concern.
Operations shifted to specialty real estate via the Forge Atlanta project. As of September 30, assets included a $400,000 escrow deposit and $115,000 additional deposits tied to the planned $33,000,000 acquisition under a non‑binding LOI. Financing this quarter included short‑term and project‑level notes with original issue discounts and one instrument granting a right to a condominium unit valued at $440,000. A related‑party convertible note of $1,000,000 remains outstanding with accrued interest of $115,358. The company also filed a Regulation A offering for up to $10,000,000 at $7 per share, which has not been declared effective.