Worldwide NFT Inc (WNFTD)

[al19]

OTC Disclosure & News Service
Worldwide NFT, Inc. Announces Change of Control, Recapitalization
MCLEAN, Va., May 19, 2026 (GLOBE NEWSWIRE) -- Worldwide NFT, Inc. (OTC: WNFTD; WNFT) announces that Jay Wright has acquired majority voting control of the company from George Sharp in a privately negotiated transaction, effective immediately.

Mr. Wright most recently was co-founder and Chief Strategy Officer of Castellum, Inc., a NYSE-American listed company focused on technology and defense. He started his career as a mergers and acquisitions attorney at Foley & Lardner and Skadden, Arps in the mid-1990s. He then worked on Wall Street as an investment banker at Merrill Lynch. He served as CFO of Nasdaq-listed Speedcom Wireless and CEO of publicly traded MobilePro Corp. He has also advised over thirty companies on M&A strategy and execution. At Castellum, he helped negotiate 7 defense-oriented acquisitions over a four-year period. Mr. Wright earned his undergraduate degree in finance from Georgetown University and his law degree from the University of Chicago.

“We plan to look for interesting, accretive acquisition opportunities,” said Mr. Wright. “As baby boomers continue to retire, we believe that the ability to execute an acquisition-driven growth strategy will continue to grow. Opportunities abound in areas such as software, managed services, artificial intelligence, robotics, UAVs, and onshoring of manufacturing. The goal is to build a large, successful, profitable public company which helps America, qualifies for listing on a major U.S. exchange, and builds significant shareholder value.”

Separately, the company also announces that it has recapitalized. Specifically, as published in FINRA’s Daily List on May 15, 2026, the company's common stock was reverse split on a 1-for-10 basis. As a result, approximately 94.35 million common shares and 5 million preferred shares are outstanding, with no debt. The stock is expected to trade under ticker WNFTD for approximately 20 business days (roughly a month, given the Memorial Day holiday) before reverting to WNFT.