Worldwide NFT, Inc. Announces Signing LOI to Acquire Federal Cybersecurity Provider
The proposed acquisition remains subject to due diligence and a formal purchase agreement, with closing targeted by year-end 2026.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
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.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Moderate pointSigned acquisition LOI covers 100% of a federal cybersecurity provider’s capital stock.
- Minor point. Forward-looking: it has not happened yet and may not happen.WNFT expects the acquisition, if completed, to increase revenue, EBITDA and earnings per share.
Negative
- Moderate pointAcquisition remains at LOI stage, subject to due diligence and definitive documentation, including a formal purchase agreement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
MCLEAN, Va., Oct. 26, 2026 (GLOBE NEWSWIRE) -- Worldwide NFT, Inc. (OTC: WNFT) ("WNFT") announces that WNFT has signed a Letter of Intent ("LOI") to acquire
"We are excited to sign this letter of intent to expand our software and cybersecurity capabilities," said Jay Wright, Chairman and CEO of WNFT. "The Company has excellent people and technical capability, including in the quantum realm."
"Completing the acquisition of the Company would be accretive to WNFT’s revenue, EBITDA, and earnings per share," said Finn Dunne, Vice President of Mergers and Acquisitions at WNFT. "Combined with the other potential acquisitions we are reviewing, I am very optimistic about our pipeline and future prospects as we seek to build a company which can move to a listed exchange."
About Worldwide NFT, Inc.
Worldwide NFT, Inc. (OTC: WNFT) is a publicly traded company that acquires established operating businesses. It focuses on accretive acquisitions in defense, technology, software, manufacturing, and related industries - www.wnft.us.
Cautionary Statement on Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements reflect WNFT's current expectations and assumptions about future events and performance and are inherently uncertain. Words such as "believe," "expect," "will," "look forward," “pipeline,” “seek,” “optimistic,” “prospects,” and similar expressions identify forward-looking statements. Readers should not place undue reliance on them, as they speak only as of the date of this release. Actual results may differ materially due to risks and uncertainties, many outside WNFT's control. These include WNFT's ability to identify, finance and close accretive acquisitions. The proposed transaction remains subject to due diligence and definitive documentation, so the revenue and EBITDA figures above depend on closing the transaction and on the Company maintaining its existing contracts. Except as required by law, WNFT undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Contact:
Jay Wright, CEO
Worldwide NFT, Inc.
301.524.4759
jwright@wnft.us
www.wnft.us
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f8c16852-e0ee-4e2a-a956-5f627d0b1eb9
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What business does Worldwide NFT plan to acquire?
Worldwide NFT signed a letter of intent to acquire 100% of the capital stock of an unnamed Mid-Atlantic provider of cybersecurity software and services to the United States Government. The target generates high single-digit millions of dollars in annual revenue and EBITDA margins in the high 20s.
When is WNFT’s cybersecurity acquisition expected to close?
The acquisition is targeted to close by the end of 2026. Completion remains subject to due diligence and execution of definitive documentation, including a formal purchase agreement.