What Changed
Worldwide NFT, Inc., trading as OTC: WNFT, has signed a letter of intent to acquire 100% of the capital stock of RedTrace Technologies, Inc.
RedTrace is a Maryland-based cyber intelligence-driven cybersecurity, information technology, and information operations firm that primarily works with commercial, federal, civilian, DoD, and U.S. intelligence community clients.
“We are excited to sign this LOI with WNFT and work with Jay to create a significant force in helping to defend America against cyber threats.”
Highlights
- Worldwide NFT (OTC: WNFT) has signed a letter of intent to acquire 100% of the capital stock of RedTrace Technologies, Inc..
- RedTrace is a Maryland-based provider of cybersecurity services to the United States government.
- RedTrace reports positive run-rate EBITDA and annual revenue of several million dollars, though these figures are subject to closing the transaction and to maintenance of RedTrace's existing contracts.
- The deal is expected to close in the fourth calendar quarter of 2026, subject to customary closing conditions including due diligence and a formal purchase agreement.
Who Is Affected
For WNFT shareholders, the deal marks a move into a new business line: WNFT describes itself as a publicly traded company focused on acquiring strong operating companies, including accretive acquisitions in the defense, tech, manufacturing, or related industries.
“RedTrace is an excellent first acquisition for WNFT.”
“RedTrace has a solid reputation with the Army and other government customers.”
Makelele is a decorated former Army Signal Corps officer with experience at U.S. Cyber Command, the National Security Agency, and the FBI.
What the Numbers Show
RedTrace currently reports positive run-rate EBITDA and annual revenue of several million dollars.
Those figures are subject to closing the transaction and to maintenance of RedTrace's existing contracts, so they are not guaranteed outcomes of the deal itself.
What To Watch Next
The letter of intent points to an expected closing in the fourth calendar quarter of 2026.
Before that can happen, the transaction is subject to customary closing conditions, including due diligence and execution of definitive documentation, including a formal purchase agreement.
Readers who follow WNFT can direct questions to Jay Wright at jwright@wnft.us or 301.524.4759.