STOCK TITAN

Auditor change at Webstar Technology (WBSR) after Pipara 2025 resignation

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
8-K/A

Rhea-AI Filing Summary

Webstar Technology Group, Inc. is amending a prior report to expand its disclosure about changing independent auditors. Pipara & Co LLP, which had been engaged to audit the company’s 2025 financial statements, did not complete the engagement and did not issue a 2025 audit report. Pipara’s 2024 audit opinion was unqualified except as previously described in the company’s filings. The company reports it is not aware of any disagreements requiring disclosure under Item 304 of Regulation S-K. Effective April 15, 2026, Webstar engaged Victor Mokuolu, CPA PLLC as its new independent registered public accounting firm and expects to file an amended Form 10‑K/A with audited 2025 financial statements once the new audit is completed.

Positive

  • None.

Negative

  • Auditor resignation before completing 2025 audit leaves Webstar without a 2025 audit report and delays the filing of audited financial statements until new auditor procedures are completed.

Insights

Mid‑audit auditor change adds reporting risk until 2025 accounts are signed.

Webstar Technology Group discloses that former auditor Pipara & Co LLP did not complete the 2025 audit and later treated its resignation as effective on April 15, 2026. No 2025 audit opinion exists yet, which delays fully audited information for that year.

The company states it is not aware of disagreements requiring disclosure under Item 304 of Regulation S‑K, and notes Pipara’s 2024 report was not adverse or disclaimed. However, the absence of a 2025 report and missing Exhibit 16.1 letter mean investors do not yet have the former auditor’s perspective.

New auditor Victor Mokuolu, CPA PLLC has been engaged to complete the 2025 audit, with Webstar expecting to file a Form 10‑K/A once procedures are finished. The overall impact depends on how quickly the new auditor completes work and whether any issues appear in the eventual 2025 opinion.

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.
Former auditor engagement year Fiscal year ended December 31, 2025 Pipara & Co LLP was engaged to audit this period
Resignation effective date April 15, 2026 Pipara considered its resignation effective on this date
New auditor engagement date April 15, 2026 Victor Mokuolu, CPA PLLC engaged as independent auditor effective this date
Prior audited year Fiscal year ended December 31, 2024 Pipara’s report for 2024 was not adverse or disclaimed
independent registered public accounting firm financial
"Pipara & Co LLP (“Pipara”) served 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.
Item 304(a)(1)(iv) of Regulation S-K regulatory
"any matter as a disagreement requiring disclosure under Item 304(a)(1)(iv) of Regulation S-K."
predecessor-successor auditor communications financial
"authorized Pipara to respond fully to inquiries from the successor auditor and has requested cooperation regarding predecessor-successor auditor communications."
Form 10-K/A regulatory
"expects to file an amended Annual Report on Form 10-K/A containing audited financial statements"
A Form 10-K/A is an amended version of a company’s annual report filed with regulators to correct, clarify or add information after the original annual report was submitted. Think of it like a revised chapter in a book that fixes errors or includes new details; investors pay attention because the changes can alter the company’s financial picture, risks or legal disclosures and therefore may affect investment decisions.
independent registered public accounting firm financial
"engaged Victor Mokuolu, CPA PLLC (“VMCPA”) as its 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.
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true 0001645155 0001645155 2025-12-17 2025-12-17 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K/A

(Amendment No. 1)

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of Earliest Event Reported): December 17, 2025

 

WEBSTAR TECHNOLOGY GROUP, INC.

(Exact name of registrant as specified in its charter)

 

Wyoming 000-56268  37-1780261

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

 

1100 Peachtree Street NE, Suite 200 Atlanta, Georgia 30309

(Address of principal executive offices) (Zip Code)

 

(404) 994-7819

Registrant’s telephone number, including area code

 

 

(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 Exchange on Which Registered
None   None   None

 

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).

 

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.

 

 

 

 

 

 

EXPLANATORY NOTE

 

Webstar Technology Group, Inc. (the “Company”) is filing this Amendment No. 1 to its Current Report on Form 8-K originally filed with the Securities and Exchange Commission on April 17, 2026 (the “Original Filing”) to amend and supplement the disclosures contained in Item 4.01 regarding changes in the Company’s independent registered public accounting firm.

 

This Amendment No. 1 is being filed in response to comments received from the Staff of the Securities and Exchange Commission and to provide additional information received by the Company following the filing of the Original Filing.

 

Except as specifically amended hereby, all other disclosures contained in the Original Filing remain unchanged.

 

 

 

 

ITEM 4.01 CHANGES IN REGISTRANT’S CERTIFYING ACCOUNTANT

 

(a)Previous Independent Registered Public Accounting Firm

 

Pipara & Co LLP (“Pipara”) served as the Company’s independent registered public accounting firm.

 

Pipara was engaged to audit the Company’s consolidated financial statements for the fiscal year ended December 31, 2025. The audit engagement was not completed and Pipara did not issue an audit report on the Company’s financial statements for the fiscal year ended December 31, 2025.

 

Pipara’s report on the Company’s financial statements for the fiscal year ended December 31, 2024 did not contain an adverse opinion or disclaimer of opinion and was not qualified or modified as to uncertainty, audit scope, or accounting principles, except as previously disclosed in the Company’s filings with the Securities and Exchange Commission. Investors are referred to the Company’s previously filed Annual Report and related auditor report for a complete description of such opinion.

 

During the course of the 2025 audit engagement, there were discussions regarding certain accounting matters, financial statement presentation matters, supporting documentation, and audit procedures. While certain matters remained unresolved at the time the engagement ended, the Company believes such discussions were part of the ordinary course of the audit process.

 

On April 16, 2026, prior to filing the Original Form 8-K, management provided Pipara with a draft copy of the proposed disclosure regarding the auditor transition and requested review and comment.

 

The Company did not receive any objection, correction, response, or formal resignation notice from Pipara prior to filing the Original Form 8-K on April 17, 2026.

 

On April 19, 2026, the Company received correspondence from Pipara stating that Pipara considered its resignation as the Company’s independent registered public accounting firm effective April 15, 2026.

 

The Company has authorized Pipara to respond fully to inquiries from the successor auditor and has requested cooperation regarding predecessor-successor auditor communications.

 

The Company provided Pipara with a copy of the disclosures contained in this Amendment No. 1 and requested that Pipara furnish a letter addressed to the Securities and Exchange Commission stating whether it agrees with the statements made herein and, if not, identifying the respects in which it does not agree.

 

As of the date of this filing, the Company has not received such letter from Pipara. The Company will supplement this disclosure if additional correspondence is received from Pipara regarding the matters disclosed herein.

 

During the course of the 2025 audit engagement, the Company and Pipara discussed various accounting, financial reporting, documentation, and audit matters. The Company is not aware that Pipara identified any matter as a disagreement requiring disclosure under Item 304(a)(1)(iv) of Regulation S-K.

 

 

 

 

(b)New Independent Registered Public Accounting Firm

 

Effective April 15, 2026, the Company engaged Victor Mokuolu, CPA PLLC (“VMCPA”) as its independent registered public accounting firm to complete the audit of the Company’s consolidated financial statements for the fiscal year ended December 31, 2025 and to review the Company’s interim financial statements.

 

The Company does not maintain a separate audit committee.

 

The engagement of VMCPA was authorized by management pursuant to executive authority previously delegated by the Board of Directors. No separate vote of the Board of Directors was taken with respect to the engagement of VMCPA.

 

During the Company’s two most recent fiscal years and the subsequent interim period preceding the engagement of VMCPA, neither the Company nor anyone acting on its behalf consulted with VMCPA regarding:

 

(i)the application of accounting principles to a specified transaction, either completed or proposed;
   
(ii)the type of audit opinion that might be rendered on the Company’s financial statements; or
   
(iii)any matter that was either the subject of a disagreement, as defined in Item 304(a)(1)(iv) of Regulation S-K, or a reportable event as described in Item 304(a)(1)(v) of Regulation S-K.

 

The Company expects to file an amended Annual Report on Form 10-K/A containing audited financial statements and the required audit report upon completion of the audit procedures currently being performed by VMCPA.

 

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

 

(d)Exhibits

 

Exhibit No.Description
   
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

No Exhibit 16.1 is included with this filing because the Company has not received a letter from Pipara & Co LLP addressing the disclosures contained herein.

 

 

 

 

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.

 

 WEBSTAR TECHNOLOGY GROUP, INC.
   
Dated: June 22, 2026By:/s/ Ricardo H. Haynes
 Name:Ricardo H. Haynes
 Title:Chief Executive Officer

 

 

FAQ

What change in auditors did Webstar Technology Group (WBSR) disclose?

Webstar Technology Group disclosed that Pipara & Co LLP ceased serving as its independent registered public accounting firm and that effective April 15, 2026, it engaged Victor Mokuolu, CPA PLLC to complete the audit of its consolidated financial statements for the year ended December 31, 2025.

Did Pipara & Co LLP complete Webstar Technology Group’s 2025 audit?

Pipara & Co LLP did not complete Webstar Technology Group’s audit for the year ended December 31, 2025 and did not issue an audit report for that period. The firm had previously issued a 2024 report, which was not adverse or disclaimed, aside from items already disclosed.

Were there any reported disagreements between Webstar Technology Group and Pipara & Co LLP?

Webstar Technology Group states it is not aware that Pipara & Co LLP identified any matter as a disagreement requiring disclosure under Item 304(a)(1)(iv) of Regulation S‑K. The company describes the 2025 audit discussions as occurring in the ordinary course of the audit process.

What are Victor Mokuolu, CPA PLLC’s responsibilities for Webstar Technology Group?

Effective April 15, 2026, Victor Mokuolu, CPA PLLC was engaged as Webstar’s independent registered public accounting firm. The firm is tasked with completing the audit of the company’s consolidated financial statements for the year ended December 31, 2025 and reviewing interim financial statements.

When does Webstar Technology Group expect to file audited 2025 financials?

Webstar Technology Group states it expects to file an amended Annual Report on Form 10‑K/A containing audited financial statements and the required audit report for the year ended December 31, 2025 once the audit procedures currently being performed by Victor Mokuolu, CPA PLLC are completed.

Why is there no Exhibit 16.1 letter from Pipara & Co LLP included?

Webstar Technology Group requested a letter from Pipara & Co LLP addressed to the SEC stating whether it agreed with the company’s disclosure. As of the filing date, the company had not received this letter, so no Exhibit 16.1 was included in the submission.

Filing Exhibits & Attachments

3 documents