Business

GBT Technologies Intends to Rebrand as Wertheim & Company; Craig Marshak Appointed CEO; Emil Assentato Joins as Strategic Investor

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, in

articleGbt Technologies Inc.August 11, 20254/company/gbt-technologies-inc/news/gbt-technologies-intends-to-rebrand-as-wertheim-and-company-craig-marshak-appointed-ceo-emil-assentato-joins-as-strategic-investor-1
GBT Technologies Intends to Rebrand as Wertheim & Company; Craig Marshak Appointed CEO; Emil Assentato Joins as Strategic Investor

About this update from Gbt Technologies Inc.

[{"type":"image","alt":"GBT Technologies Inc.","displaySize":"","headline":null,"caption":"GBT Technologies Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":279,"height":215,"url":"https://media.zenfs.com/en/globenewswire.com/d878035595f4cdf73260b87ce21c1d0e"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/Mo_yt1TXLGriCvp7XcHyfQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTMyNDtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/d878035595f4cdf73260b87ce21c1d0e","width":279,"height":215}},"lazy":false},{"type":"text","content":"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.","length":358,"tagName":"p"},{"type":"text","content":"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 $500 million Growth and Technology Fund in London. Additionally, the Board of Directors intends to appoint Harinder Sandhu as a member.","length":320,"tagName":"p"},{"type":"text","content":"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.","length":203,"tagName":"p"},{"type":"text","content":"There is no guarantee that any of the potential transactions described herein will be completed unless and until definitive agreements are signed.","length":146,"tagName":"p"},{"type":"text","content":"Michael Murray, current Interim CEO of GBT Technologies, stated:","length":64,"tagName":"p"},{"type":"text","content":"“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.”","length":194,"tagName":"p"},{"type":"text","content":"Craig Marshak, incoming CEO, commented:","length":39,"tagName":"p"},{"type":"text","content":"“We believe that evolving into Wertheim & Company will allow us to develop a broader merchant banking platform and exp...

More updates from Gbt Technologies Inc.

Emil AssentatoMaurice WertheimThe Companyinvestment bankingGBTCompanyHarinder SandhuWertheimWertheim & Companymerchant bankingMarshak