Worldwide NFT, Inc. Announces Signing LOI to Acquire RedTrace Technologies, Inc.
Worldwide NFT moves to enter profitable government-focused cybersecurity services through an LOI to acquire RedTrace Technologies.
Rhea-AI Summary
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.
Positive
- LOI to acquire 100% of RedTrace, a cybersecurity provider to U.S. government clients
- RedTrace revenue: several million dollars annually with positive run-rate EBITDA
- First acquisition for WNFT, aligning with its strategy to buy strong operating companies
Negative
- Deal is only at LOI stage and subject to due diligence and definitive agreements
AI-generated analysis. How Rhea-AI works. Not financial advice.
MCLEAN, Va., Sept. 15, 2026 (GLOBE NEWSWIRE) -- Worldwide NFT, Inc. (OTC: WNFT) (“WNFT”) (“Company”) announces that the Company has signed a Letter of Intent (“LOI”) to acquire
“RedTrace is an excellent first acquisition for WNFT,” said Jay Wright, CEO of WNFT. “Kelo Makelele, a decorated former Army Signal Corps officer with experience at U.S. Cyber Command, the National Security Agency, and the FBI, has built a nimble, proven provider of cybersecurity services. RedTrace has a solid reputation with the Army and other government customers. I look forward to working with Kelo as we build a large successful company.”
“We are excited to sign this LOI with WNFT and work with Jay to create a significant force in helping to defend America against cyber threats,” said Kelo Makelele, founder and CEO of RedTrace. “Cyber-attacks are as significant as kinetic threats on the 21st century battlefield. Having RedTrace become part of a publicly traded company will help give us a larger capability to aid in that fight.”
About RedTrace Technologies, Inc.
RedTrace Technologies, Inc. (RedTrace) is a cyber intelligence-driven cybersecurity, information technology, and information operations firm primarily focused on assisting its commercial, federal, civilian, DoD, and U.S. intelligence community clients to achieve mission success by proactively identifying and mitigating cyber threats; supporting mission-critical IT components; and applying sound business and programmatic management principles - https://www.redtracetech.com/
About Worldwide NFT, Inc.
Worldwide NFT, Inc. (OTC: WNFT; WNFT) is a publicly traded company focused on acquiring strong operating companies, including looking to make accretive acquisitions in the defense, tech, manufacturing, or related industries. -.https://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. All forward-looking statements are inherently uncertain, based on current expectations and assumptions concerning future events or future performance of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Words such as “plan,” “goal,” “will,” “look forward,” “would,” “believe,” and “is expected,” and similar language are indicative of forward-looking statements. These forward-looking statements are subject to risks and uncertainties, many of which are outside of the company’s control, that could cause actual results to differ (sometimes materially) from the results expressed or implied in the forward-looking statements, including, among others, the company’s ability to find, finance, and close accretive acquisitions. The RedTrace transaction is subject to customary due diligence and definitive documentation. Therefore revenue and EBITDA numbers are subject to closing the transaction and to maintenance of RedTrace’s existing contracts. Except as required by law, we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, a change in events, conditions, circumstances or assumptions underlying such statements, or otherwise.
Contact: Jay Wright, CEO
Worldwide NFT, Inc.
301.524.4759
jwright@wnft.us
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/48429166-ffeb-477b-a110-0d25f5a3ca43
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What business does RedTrace Technologies focus on?
RedTrace Technologies is described as a cyber intelligence-driven cybersecurity, information technology, and information operations firm. It primarily assists commercial, federal, civilian, Department of Defense, and U.S. intelligence community clients by identifying and mitigating cyber threats, supporting mission-critical IT components, and applying business and programmatic management principles.
How does this potential acquisition fit Worldwide NFT’s stated strategy?
Worldwide NFT states that it is focused on acquiring strong operating companies and is looking to make accretive acquisitions in defense, technology, manufacturing, or related industries. RedTrace, as a government-focused cybersecurity provider with several million dollars in annual revenue and positive run-rate EBITDA, is described by WNFT’s CEO as an excellent first acquisition that aligns with this strategy.