Worldwide NFT Acquired by Jay Wright, Completes 1-for-10 Split to 94.35M Shares
CTM•Jay Wright acquired majority voting control of Worldwide NFT, Inc., replacing George Sharp and bringing experience from Castellum, Skadden and Merrill Lynch. The company completed a 1-for-10 reverse stock split to 94.35 million common shares outstanding with zero debt and will target acquisitions in AI, software, robotics, UAVs and manufacturing.
1. Change of Control
Jay Wright secured majority voting control of Worldwide NFT, Inc. from George Sharp in a private transaction, leveraging his background as co-founder and Chief Strategy Officer of Castellum, M&A attorney at Skadden and Foley & Lardner, and investment banker at Merrill Lynch.
2. Reverse Split and Recapitalization
The company executed a 1-for-10 reverse stock split, reducing common shares to approximately 94.35 million and maintaining five million preferred shares, while eliminating all debt and temporarily trading under the WNFTD ticker.
3. Acquisition-Driven Growth Strategy
Under Wright’s leadership, Worldwide NFT plans to pursue accretive acquisitions across artificial intelligence, software, robotics, unmanned aerial vehicles and U.S.-based manufacturing with the goal of qualifying for a major exchange listing and delivering shareholder value.
