GHST World is a development-stage holding company with no meaningful revenue and no full-time employees, pursuing two early-stage businesses. The first, operated through its GHST Sport subsidiary, is a wearable soccer shin guard embedded with sensors that capture real-time player performance data — speed, distance, kicking force, collision impact, and positioning. GHST Sport plans to sell consumer and professional versions of the product, supplemented by a smartphone app and potentially a data platform that monetizes player data for coaches and scouts. Beta testing completed in mid-2024, but the product has not been commercialized due to limited capital. The second business, operated through its Insside subsidiary, aims to enter Italy's clean energy market as an electricity reseller — buying power from third-party solar producers and reselling it to traders at a margin. Insside has signed preliminary agreements to secure land rights for solar plant construction in Italy, partnering with a special purpose entity called Green Capital, operated by GHST's CEO, to build and operate the plants. None of these arrangements have generated revenue, and execution depends on Green Capital raising substantial outside capital. GHST also holds a portfolio of 119 art paintings through its GHST Art subsidiary and an IoT development subsidiary, neither of which is close to commercialization. Across all businesses, GHST's ability to generate revenue depends entirely on raising additional capital and completing a series of contingent, preliminary agreements.
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