Xtreme One Entertainment Granted Summary Judgment; Court Orders Williamsburg Venture Holdings to Return 6.6 Million Shares Sold in Alleged Fraudulent Transfer of $XONI Stock

Xtreme One Entertainment (XONI) won a summary judgment against Williamsburg Venture Holdings (WVH) and its Managing Member Ronald Glenn for breach of contract. The court ordered WVH to repurchase and return 6.6 million shares of XONI stock by June 25, 2026, or pay cash restitution equal to the market value. WVH allegedly received shares without payment under a $10 million equity purchase agreement and sold them at deeply discounted prices, causing stock price decline and shareholder harm.