Core Viewpoint - GBT Technologies Inc. has authorized a non-binding indication of interest to acquire all outstanding 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 for GBT, aligning with its goal to transition into a merchant banking platform and leverage Two Hands' focus on digital markets, technology, fintech, and the Gig Economy [3][4]. - Two Hands has initiated plans to become an investment holding company and has launched a Digital Asset Treasury and Trading Desk, partnering with More Money Ltd for expertise in crypto and digital asset management [3][4]. Group 2: Leadership Commentary - The CEO of GBT Technologies expressed that integrating Two Hands' initiatives could accelerate GBT's development plans and support its transition to Wertheim & Company, presenting a long-term value creation opportunity [5]. Group 3: 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].

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. Emil Assentato, Strategic Partner, commented: "I saw an opportunity to invest personal capital in a platform that intends to pursue global investment opportu ...