Worldwide NFT targets RedTrace Technologies acquisition under LOI, CEO says
Bitget2026/09/23 12:32- Worldwide NFT is pursuing an acquisition of RedTrace Technologies under a non-binding letter of intent.
- RedTrace generates a few million in revenue and is EBITDA-positive, with a focus on U.S. federal government contracting.
- Closing is targeted for the first half of Q4 2026, with a preference to complete the deal before Halloween.
- The strategy targets follow-on acquisitions, aiming to exceed $30 million in revenue and $3 million in EBITDA to support a 2027 uplisting.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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