
WNFT appoints Perry Rogers, agent for Shaquille O'Neal and Jayson Tatum, to its advisory board. CEO Jay Wright cited his 2005 microcap deal as a key asset. The stock rose 25%.
Worldwide NFT, Inc. (OTC: WNFT) has brought Perry Rogers onto its advisory board, the company said Wednesday. Rogers, the sports agent who represents Shaquille O'Neal and Jayson Tatum, is founder and CEO of PRP, a sports management and corporate consulting firm. His client list also includes Andre Agassi and Sophie Cunningham. Rogers owns and operates venues on the Las Vegas Strip – Alexxa's, BEER PARK, and Cheri Rooftop – and holds a J.D. from the University of Arizona.
CEO Jay Wright said Rogers' negotiating experience and track record in microcap dealmaking make him a fit for the company's acquisition strategy. Wright highlighted a 2005 transaction where Rogers helped merge media assets into a small sports entertainment company with the ticker SPEA, calling it "one of the best microcap deals in the past 30 years."
"Jay is putting together an excellent foundation to create value for WNFT shareholders, and I look forward to helping him grow the Company into a substantial, profitable business," Rogers said in the release.
Worldwide NFT is a publicly traded shell focused on acquiring operating companies, with a stated interest in defense, tech, manufacturing, or related industries. The company has not yet closed an acquisition. The appointment of a seasoned dealmaker like Rogers signals that the company is serious about sourcing and executing transactions, though the broad mandate offers no specific target.
Shares of WNFT traded at $0.005 in afternoon OTC trading, up 25% from the prior close. The stock is thinly traded, and a single news item can produce outsized moves. The company's forward-looking statements caution that it may not find, finance, or close accretive acquisitions, and that shareholders may see no value creation.
Rogers' involvement brings a high-profile network to a company that otherwise lacks operating revenue. Whether that translates into a credible deal remains to be tested.
Worldwide NFT did not disclose the terms of his advisory role or any compensation.
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