WASTE ENERGY CORP.

Waste Energy Corp. reported a significant increase in net loss for Q1 2026, reaching $2.44 million, compared to $23,068 in Q1 2025. The company's financial statements indicate substantial doubt about its ability to continue as a going concern, citing accumulated deficits, negative working capital, and ongoing operating losses. The company has transitioned its business focus from blockchain and digital collectibles to renewable waste energy, with consulting revenue doubling year-over-year.

WASTE ENERGY CORP. (WAST) is an early-stage clean-energy company focused on converting waste into fuel and commodities. The company reported a $51.0 million accumulated deficit and negative working capital of $4.7 million as of December 31, 2025, leading to substantial doubt about its ability to continue as a going concern. Despite financial challenges, it is advancing its initial 15-TPD waste conversion system at its Midland, Texas facility, expected to be operational in Q3 2026, though permits are still pending. The company requires significant additional capital and has not yet secured material offtake agreements for its products.

WASTE ENERGY CORP. announced the resignation of Braden Glasbergen as Chief Financial Officer, Treasurer, and Secretary, effective June 30th, due to personal reasons. The company stated his departure was not a result of any disagreement. Effective July 1, 2026, Scott Gallagher, the current President, Chairman, and CEO, was appointed Interim Chief Financial Officer, and W. Scott McBride, a current director, was appointed Interim Treasurer and Secretary. Neither interim appointee will receive additional compensation for these new roles.

WASTE ENERGY CORP. announced that its certifying accountant, Integrität, has resigned. The resignation follows a disagreement regarding the sufficiency of legal confirmations and related legal analyses provided in connection with a previously disclosed litigation matter initiated in Arizona in 2024. While Integrität acknowledged that the matter 'may not have a material impact on the financial statements,' it still resigned despite the company's efforts to provide requested information and address concerns.

Waste Energy Corp. announced that Integrität Audit, Accounting & Advisory, LLC resigned as its independent registered public accounting firm on May 19, 2026, without completing the audit for the fiscal year ended December 31, 2025. The company reported no disagreements on accounting principles or practices with Integrität. Subsequently, on May 21, 2026, the Audit Committee and Board of Directors approved the engagement of M&K CPAs, PLLC as the new independent auditor for the fiscal year ending December 31, 2025.