No doubt he uplisted to complete a deal/deals. Hopefully, he has other options, a plan B, he was working on.
I am not aware of any income or revenue stream for WDDD, so it is difficult to say how long the company can hang on before slipping into bankruptcy.
Furthermore, the more desperate the situation is for WDDD, the worse the terms for them will be, if a deal is struck with some other entity.