Worlds Inc (WDDD)

[ShadowSpy69]

"The fact that our investor group has chosen to exercise warrants which were part of the agreement that funded the IPR that validated six claims demonstrates their confidence in Worlds' intellectual property and the opportunity to potentially strengthen Worlds' legal position," stated Thomas Kidrin , Worlds Inc. CEO.

Kidrin noted, "As part of the funding, Worlds will effectuate a reverse split, as was authorized in our last proxy, to facilitate additional warrant coverage to cover the PTAB appeal, operations and developing additional strategic opportunities. With the issuance of these new warrants, if exercised absent a settlement or alternative financing structure, we expect it it be sufficient to fund operations for approximately two years and enable us to pursue additional opportunities with potential strategic partners in that timeframe."