Worldwide NFT (WNFT) signed a letter of intent to acquire a provider of cybersecurity software and services to the United States Government. The proposed acquisition covers 100% of the capital stock of the unnamed, Mid-Atlantic-based business. The target generates high single-digit millions of dollars in annual revenue and EBITDA margins in the high 20s; EBITDA measures earnings before interest, taxes, depreciation and amortization.
Closing is targeted for the end of 2026, subject to due diligence and execution of definitive documentation, including a formal purchase agreement. WNFT expects the acquisition, if completed, to increase its revenue, EBITDA and earnings per share. Management is also reviewing other potential acquisitions and described a goal of building a company that can move to a listed exchange.
Worldwide NFT (WNFT) has hired Peter (“Finn”) Dunne, Jr. as vice president of mergers and acquisitions, reporting to CEO Jay Wright.
Dunne will work from the company’s Northern Virginia office. His transaction experience includes leveraged finance, acquisitions and capital structure. He graduated from Georgetown University with a major in finance. Worldwide NFT focuses on acquiring operating companies in defense, technology, manufacturing and related industries.
Worldwide NFT (WNFT) released a shareholder letter in which CEO Jay Wright outlines an acquisition-led plan to transform the company, which currently has no revenue or EBITDA. The strategy focuses on buying profitable federal government and national defense contractors to grow revenue and EBITDA per share. The first planned acquisition, RedTrace Technologies, is under a letter of intent and has a few million in revenue, positive EBITDA, and existing federal relationships. Management aims to reach at least $30 million in revenue and $3 million in EBITDA and then pursue an uplisting to NYSE American or Nasdaq around 2027, supported by an expanded advisory board and potential regulatory “tailwinds.”
Worldwide NFT (WNFT) signed a Letter of Intent to acquire 100% of RedTrace Technologies, a Maryland-based cybersecurity provider to U.S. government clients.
RedTrace generates several million dollars in annual revenue and has positive run-rate EBITDA, adding an operating, profitable business to WNFT’s portfolio if the deal closes. The LOI remains subject to customary closing conditions, including due diligence and execution of definitive documentation such as a formal purchase agreement. Closing is currently expected in the fourth calendar quarter of 2026. WNFT describes RedTrace as its first acquisition and highlights RedTrace’s reputation with Army and other government customers. WNFT’s broader strategy is to acquire strong operating companies in defense, technology, manufacturing, and related industries.
Worldwide NFT (OTC: WNFT) announced the appointment of sports agent Perry Rogers to its advisory board, where he will provide advice and counsel to CEO Jay Wright. Rogers is founder and CEO of PRP, a sports management and corporate consulting firm whose clients include Shaquille O’Neal and Jayson Tatum.
According to Worldwide NFT, Rogers is also an owner and managing partner of Las Vegas venues Alexxa’s, BEER PARK, and Cheri Rooftop, and holds a Business Administration degree from Georgetown University and a J.D. from the University of Arizona. Rogers and Wright highlighted their focus on building shareholder value and growing WNFT into a substantial, profitable business.
Worldwide NFT (OTC: WNFT) has finalized a sponsorship for the 2026-27 academic year of the UChicago Science Incubator, a partnership between the University of Chicago’s Polsky Center for Entrepreneurship and Innovation and Portal Innovations. The 22,000-square-foot incubator, opened in June 2025, offers advanced lab space and support for early-stage quantum, energy, and life sciences companies within Hyde Park Labs, a 300,000-square-foot research facility. According to Worldwide NFT, the sponsorship aligns with its focus on advanced technology and provides opportunities to engage incubator member companies through training and mentorship.
Worldwide NFT (OTC: WNFT) has formed an advisory board to advise CEO Jay Wright and appointed entrepreneur Charles Haywood as its first member. Haywood founded and led personal-care manufacturer Mansfield-King, later sold in 2020, and previously worked as a securities and M&A attorney.
Worldwide NFT (OTC: WNFTD; WNFT) announced a change of control and recapitalization. Jay Wright has acquired majority voting control from George Sharp, effective immediately. Wright brings extensive M&A, public-company and defense-technology experience.
The company completed a 1-for-10 reverse stock split on May 15, 2026. Approximately 94.35 million common shares and 5 million preferred shares are now outstanding, with no debt, and the stock will trade as WNFTD for about 20 business days.
Worldwide NFT, Inc. (WNFT) has updated shareholders following its name change and forward split. The company is currently in legal proceedings regarding share cancellations involving former officer Warwick Calasse, which may delay potential acquisitions or mergers. WNFT has also entered an agreement with Forwardly, Inc. for a warrant transaction valued at $200,000, and is negotiating up to $5 million in equity financing for operational capital. The company aims to acquire assets within the NFT and Blockchain sectors.