Core Viewpoint - GBT Technologies Inc. has authorized a non-binding indication of interest to acquire all shares of Two Hands Corporation, with a proposed offer of US $0.00625 per share, which includes the assumption of Two Hands' outstanding debt obligations [1][2]. Group 1: Strategic Interest - The acquisition of Two Hands is seen as a strategic move to enhance GBT's initiatives in digital markets, technology, fintech, and the Gig Economy [3]. - Two Hands is transitioning into an investment holding company and has launched a Digital Asset Treasury and Trading Desk, partnering with More Money Ltd for expertise in crypto and blockchain [3]. Group 2: Regulatory Steps - Two Hands is planning a shareholder meeting in November 2025 to approve its change in business direction, aligning with GBT's goal to reposition as a merchant banking platform [4]. Group 3: Leadership Commentary - The CEO of GBT believes that integrating Two Hands' initiatives could accelerate GBT's development plans and create long-term value [5]. Group 4: Transaction Status - The indication of interest is non-binding and subject to negotiations, due diligence, and regulatory approvals, with no assurance that a definitive agreement will be reached [5]. Group 5: Company Overview - GBT Technologies is transitioning into Wertheim & Company, a global merchant banking platform, and aims to leverage its equity holdings and strategic initiatives in financial services and crypto asset management [6][7].
GBT Technologies Announced Non- Binding Offer to Acquire Two Hands Corporation; Builds on Merchant Banking Strategy as Wertheim & Company
Globenewswireยท2025-09-19 12:00