Jay Wright acquires majority control of Worldwide NFT

Worldwide NFT, Inc. (OTC: WNFTD) announced that Jay Wright has acquired majority voting control from George Sharp through a private transaction, effective immediately.

Wright previously served as co-founder and Chief Strategy Officer of Castellum, Inc., a NYSE American-listed technology and defense company. His background includes roles as a mergers and acquisitions attorney at Foley & Lardner and Skadden, Arps, investment banker at Merrill Lynch, CFO of Nasdaq-listed Speedcom Wireless, and CEO of publicly traded MobilePro Corp. He has advised over 30 companies on M&A strategy and helped negotiate seven defense-oriented acquisitions during his tenure at Castellum.

"We plan to look for interesting, accretive acquisition opportunities," Wright stated. "As baby boomers continue to retire, we believe that the ability to execute an acquisition-driven growth strategy will continue to grow."

The company also completed a recapitalization that included a 1-for-10 reverse stock split published in FINRA's Daily List on May 15. Following the restructuring, approximately 94.35 million common shares and 5 million preferred shares remain outstanding with no debt.

The stock will trade under ticker WNFTD for approximately 20 business days before reverting to WNFT, according to the company's statement.

Wright earned his undergraduate degree in finance from Georgetown University and his law degree from the University of Chicago.

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