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

Company Transition - GBT Technologies Inc. plans to change its corporate name to Wertheim & Company, pending legal and regulatory approvals, reflecting its transition into a global merchant banking platform [1] - The trademark "Wertheim & Company," originally founded in 1927, has been registered by Craig Marshak as part of this transition [3] Leadership Changes - Craig Marshak will be appointed as the new Chief Executive Officer, bringing over 30 years of investment banking and growth capital experience, including leadership at Nomura's $500 million Growth and Technology Fund [2] - Harinder Sandhu is intended to be appointed as a member of the Board of Directors [2] Strategic Focus - The company aims to leverage its existing equity holdings, including its investment in VisionWave Holdings Inc. (NASDAQ: VWAV), to enhance its strategic investment capabilities [3] - The transition to Wertheim & Company is expected to enable the company to pursue opportunities across technology, financial services, and emerging markets [3] Investment Background - Craig Marshak has a history of leading growth capital investments, including early backing of CyberArk Software Ltd., which was recently acquired for $25 billion [5] - Emil Assentato, a strategic partner, has invested personal capital in GBT Technologies to support its transition and is developing initiatives for trading and asset management, including crypto treasury management solutions [7] Board Member Experience - Emil Assentato has over 40 years of experience in financial markets and previously served as a Board member of Compagnie Financière Tradition, a firm with a market capitalization of approximately $2 billion [6] - Harinder Sandhu brings over 25 years of experience in asset management and equity portfolio management, having managed multi-billion-dollar equity portfolios at UBS and Societe Generale [9]