GBT Technologies Intends to Rebrand as Wertheim & Company; Craig Marshak Appointed CEO; Emil Assentato Joins as Strategic Investor
GBT Technologies (OTC Pink: GTCH) announced plans to rebrand as Wertheim & Company, marking its strategic transition into a global merchant banking platform. The company appointed Craig Marshak as CEO, bringing over 30 years of investment banking experience, including leadership at Nomura's $500 million Growth and Technology Fund. The company plans to leverage its existing equity holdings, including its investment in VisionWave Holdings (NASDAQ: VWAV), to expand its strategic investment capabilities.
The rebranding involves adopting the historic "Wertheim & Company" trademark, dating back to 1927. Additionally, Emil Assentato joins as a strategic investor, and Harinder Sandhu is set to join the Board of Directors, pending customary approvals.
GBT Technologies (OTC Pink: GTCH) ha annunciato l'intenzione di riposizionarsi con il marchio Wertheim & Company, segnando la sua transizione strategica verso una piattaforma globale di merchant banking. La società ha nominato Craig Marshak amministratore delegato, che porta oltre 30 anni di esperienza nell'investment banking, inclusa la guida del Growth and Technology Fund da 500 milioni di dollari di Nomura. La società intende sfruttare le partecipazioni azionarie esistenti, incluso l'investimento in VisionWave Holdings (NASDAQ: VWAV), per ampliare le proprie capacità di investimento strategico.
Il rebranding prevede l'adozione del marchio storico Wertheim & Company, risalente al 1927. Inoltre, Emil Assentato entra come investitore strategico e Harinder Sandhu è destinato a unirsi al Consiglio di Amministrazione, subordinatamente alle consuete approvazioni.
GBT Technologies (OTC Pink: GTCH) anunció planes para renombrarse como Wertheim & Company, marcando su transición estratégica hacia una plataforma global de merchant banking. La compañía nombró a Craig Marshak como CEO, quien aporta más de 30 años de experiencia en banca de inversión, incluida su labor al frente del Growth and Technology Fund de 500 millones de dólares de Nomura. La compañía planea aprovechar sus participaciones actuales, incluido su inversión en VisionWave Holdings (NASDAQ: VWAV), para expandir sus capacidades de inversión estratégica.
El rebranding incluye la adopción de la histórica marca Wertheim & Company, que data de 1927. Además, Emil Assentato se incorpora como inversor estratégico y Harinder Sandhu se sumará al consejo de administración, sujeto a las aprobaciones habituales.
GBT Technologies (OTC Pink: GTCH)는 사명을 Wertheim & Company로 리브랜딩해 글로벌 머천트 뱅킹 플랫폼으로 전략적 전환을 진행할 계획이라고 발표했습니다. 회사는 노무라의 5억 달러 규모 Growth and Technology Fund를 이끈 경력을 포함해 30년 이상의 투자은행 경력을 보유한 Craig Marshak을 최고경영자(CEO)로 선임했습니다. 회사는 VisionWave Holdings (NASDAQ: VWAV)에 대한 투자 등 기존 지분을 활용해 전략적 투자 역량을 확장할 계획입니다.
리브랜딩에는 1927년으로 거슬러 올라가는 역사적 상표인 Wertheim & Company의 채택이 포함됩니다. 또한 Emil Assentato가 전략적 투자자로 합류하고, Harinder Sandhu는 통상적인 승인 절차를 거쳐 이사회에 합류할 예정입니다.
GBT Technologies (OTC Pink: GTCH) a annoncé son projet de se rebaptiser Wertheim & Company, marquant ainsi sa transition stratégique vers une plateforme mondiale de merchant banking. La société a nommé Craig Marshak directeur général, qui apporte plus de 30 ans d'expérience en banque d'investissement, notamment à la tête du Growth and Technology Fund de 500 millions de dollars chez Nomura. La société prévoit de tirer parti de ses participations existantes, y compris son investissement dans VisionWave Holdings (NASDAQ: VWAV), pour renforcer ses capacités d'investissement stratégique.
Le rebranding inclut l'adoption de la marque historique Wertheim & Company, datant de 1927. De plus, Emil Assentato rejoint le projet en tant qu'investisseur stratégique et Harinder Sandhu devrait intégrer le conseil d'administration, sous réserve des approbations habituelles.
GBT Technologies (OTC Pink: GTCH) hat angekündigt, sich als Wertheim & Company neu zu positionieren und damit seine strategische Umwandlung in eine globale Merchant-Banking-Plattform einzuleiten. Das Unternehmen ernannte Craig Marshak zum CEO; er bringt über 30 Jahre Erfahrung im Investmentbanking mit, unter anderem als Leiter des 500-Millionen-Dollar Growth and Technology Fund von Nomura. Das Unternehmen plant, seine bestehenden Beteiligungen, darunter die Investition in VisionWave Holdings (NASDAQ: VWAV), zu nutzen, um seine strategischen Investitionsfähigkeiten auszubauen.
Das Rebranding umfasst die Übernahme der historischen Marke Wertheim & Company, die bis ins Jahr 1927 zurückreicht. Zudem steigt Emil Assentato als strategischer Investor ein, und Harinder Sandhu soll nach den üblichen Genehmigungen dem Vorstand beitreten.
- Appointment of experienced CEO Craig Marshak with over 30 years in investment banking
- Strategic investment from Emil Assentato bringing additional capital
- Existing equity holdings in VisionWave Holdings (NASDAQ: VWAV) provide foundation for growth
- Expansion into broader merchant banking platform offers new revenue opportunities
- Transaction completion subject to definitive agreements and regulatory approvals
- Significant business model transition carries execution risks
- Current trading on OTC Pink markets indicates lower tier listing status
WEST HOLLYWOOD, Calif., Aug. 11, 2025 (GLOBE NEWSWIRE) -- GBT Technologies Inc. (OTC Pink: GTCH) (“GBT” or the “Company”) today announced its intention to change its corporate name to Wertheim & Company, subject to customary legal and regulatory approvals. The rebranding reflects the Company’s plan to transition into a global merchant banking platform.
Craig Marshak will be appointed Chief Executive Officer, bringing more than three decades of investment banking and growth capital experience, including his leadership role at Nomura’s
The “Wertheim & Company” trademark, which dates back to the original Wertheim & Company founded in 1927, has been registered by Mr. Marshak and is intended for adoption as part of the transition.
There is no guarantee that any of the potential transactions described herein will be completed unless and until definitive agreements are signed.
Michael Murray, current Interim CEO of GBT Technologies, stated:
“With this transition, GBT seeks to leverage its existing equity holdings, including its investment in VisionWave Holdings Inc. (NASDAQ: VWAV), to broaden its strategic investment capabilities.”
Craig Marshak, incoming CEO, commented:
“We believe that evolving into Wertheim & Company will allow us to develop a broader merchant banking platform and explore global strategic investments. We intend to build upon the Company’s current asset base to pursue opportunities across technology, financial services, and emerging markets.”
Emil Assentato, Strategic Partner, commented:
“I saw an opportunity to invest personal capital in a platform that intends to pursue global investment opportunities under the Wertheim brand. The Company’s existing equity holdings, including VisionWave shares, provide a foundation to support this planned merchant banking strategy”
About Craig Marshak and Wertheim & Company History
Craig Marshak began his investment banking career at Wertheim & Company in 1985, working with executives who later advanced to senior leadership positions across Wall Street and private equity firms. Wertheim & Company was originally founded in 1927 by Maurice Wertheim and Joseph Klingenstein and became known for its investment banking activities, which later merged into Schroders Salomon Smith Barney, a division of Citibank.
Mr. Marshak has experience leading growth capital investments, including backing CyberArk Software Ltd. (NASDAQ: CYBR) in its early stages. CyberArk was recently acquired by Palo Alto Networks for
About Emil Assentato
Emil Assentato has over forty years of experience in financial markets. He previously served as a Board member of Compagnie Financière Tradition (CFT.SW), a Swiss-based financial services firm with a market capitalization of approximately
Mr. Assentato has made a strategic investment in GBT Technologies to support its potential transition to Wertheim & Company and is developing initiatives to expand trading and asset management capabilities, including crypto treasury management solutions.
About Harinder Sandhu
Harinder Sandhu brings more than twenty-five years of experience in asset management and equity portfolio management. He previously served as a Senior Equities Fund Manager at UBS and Societe Generale, managing multi-billion-dollar equity portfolios. Mr. Sandhu also held a leadership role at GLG Partners, which later merged into Man Group.
Raised in the United Kingdom with strong family roots in India, Mr. Sandhu provides expertise in identifying mid-market growth opportunities in India and other emerging markets.
There is no guarantee that any of the potential transactions described herein will be completed unless and until definitive agreements are signed.
Forward-Looking Statements
Certain statements contained in this press release may constitute "forward-looking statements". Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements because of various important factors as disclosed in our filings with the Securities and Exchange Commission located at their website ( http://www.sec.gov). In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, governmental and public policy changes, the Company’s ability to raise capital on acceptable terms, if at all, the Company’s successful development of its products and the integration into its existing products and the commercial acceptance of the Company’s products. The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release.
Contact:
Michael Murray, CEO
GBT Technologies, Inc.
FAQ
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