Worldwide NFT Pivots to M&A Under New Tech-Focused Leadership

MCLEAN, Va. – May 19, 2026 – In a dramatic strategic overhaul, Worldwide NFT, Inc. (OTC: WNFTD) today announced a change of control and a new corporate direction. M&A veteran Jay Wright has acquired majority voting control from George Sharp, effective immediately, and plans to transform the company from a dormant entity into an aggressive acquisition vehicle focused on high-growth technology sectors.

The move signals a complete departure from the company's name and previous associations, aiming to build a diversified technology and manufacturing conglomerate. Concurrent with the leadership change, the company also completed a significant recapitalization, including a 1-for-10 reverse stock split, to clean up its balance sheet and prepare for its new chapter.

A New Captain with an M&A Playbook

The pivot is being orchestrated by Jay Wright, whose extensive background is deeply rooted in finance, law, and corporate strategy. Wright's career began in the mid-1990s as a mergers and acquisitions attorney at prestigious law firms Foley & Lardner and Skadden, Arps. He later moved to Wall Street as an investment banker with Merrill Lynch before taking on executive roles as CFO of Nasdaq-listed Speedcom Wireless and CEO of publicly traded MobilePro Corp.

More recently, Wright co-founded and served as Chief Strategy Officer for Castellum, Inc., a NYSE-American listed company providing technology and defense services to the U.S. government. At Castellum, he was instrumental in negotiating seven acquisitions over a four-year period, building the company through a targeted M&A strategy. His experience there, in sectors like cybersecurity, software development, and AI, provides a clear blueprint for his plans at Worldwide NFT.

Wright, an adjunct professor of finance at Georgetown University's McDonough School of Business and a graduate of the University of Chicago Law School, has advised over thirty companies on M&A and has a history of building and exiting companies in the technology and government contracting spaces. This deep expertise in executing acquisition-driven growth is now the central thesis for Worldwide NFT's future.

From Digital Collectibles to Industrial Tech

Worldwide NFT's history is that of a company searching for a purpose. Previously an exploration-stage mining company named Goff, Corp., it rebranded in January 2022 during the peak of the non-fungible token craze. However, according to public filings, the company has had no significant operations, existing primarily as a public shell intended for a merger or acquisition.

Wright’s takeover provides that long-awaited business combination, but in the form of a platform rather than a single target. The new strategy jettisons the NFT focus entirely, instead targeting a broad swath of the American industrial and technological landscape.

“We plan to look for interesting, accretive acquisition opportunities,” Mr. Wright stated in the announcement. He pointed to a generational opportunity as baby boomers retire, creating a market for well-executed acquisition strategies. “Opportunities abound in areas such as software, managed services, artificial intelligence, robotics, UAVs, and onshoring of manufacturing.”

This strategy aligns with major market trends. The M&A landscape in 2026 is heavily dominated by the pursuit of AI capabilities, with companies often choosing to acquire technology and talent rather than build it internally. Similarly, the robotics and advanced manufacturing sectors are experiencing a renaissance driven by labor shortages and the need for greater efficiency, making companies in these fields prime targets.

A Financial Reset for Future Growth

To support the new strategy, the company has undergone a significant financial restructuring. As published in FINRA’s Daily List on May 15, Worldwide NFT executed a 1-for-10 reverse stock split. This action reduces the number of outstanding shares and typically boosts the price per share, which can make the stock more appealing to institutional investors and help it meet potential listing requirements for major exchanges.

Following the split, the company reports a clean capital structure with approximately 94.35 million common shares and 5 million preferred shares outstanding, and critically, no debt. This debt-free balance sheet provides a solid foundation for financing future acquisitions.

As a result of the corporate action, the company's stock ticker has temporarily changed from WNFT to WNFTD. This fifth letter 'D' signifies a reverse split has occurred, and the ticker is expected to revert to WNFT in approximately 20 business days. Early chatter on investor forums like InvestorsHub shows retail traders are actively discussing the mechanics of the ticker change, representing the first wave of market reaction to the news.

Ultimately, the combination of new leadership, a clean balance sheet, and a timely strategic vision sets the stage for a period of intense activity. The stated ambition is clear and far-reaching. “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,” Wright affirmed.