Sol Global Investments Corp. (CSE: SOL) has announced that Deena Siblock has resigned as Director, Vice President Corporate Affairs, and Corporate Secretary, effective October 23, 2026. The company simultaneously reached a settlement agreement with Siblock and her consulting firm, Spark Corp., resolving outstanding fees for $100,000. The departure reduces the board to two directors and investors may be watching for any subsequent appointments to leadership roles.

Key Points

  • Sol Global Investments Corp. (CSE: SOL, OTCID: SOLCD, FSE: 9SB0) announced a senior executive resignation and consulting settlement
  • Deena Siblock resigned from all positions effective October 23, 2026, with her consulting arrangement through Spark Corp. concurrently terminated
  • An accrued balance of $144,111.28 was settled for a payment of $100,000, representing a reduction of approximately $44,111.28
  • Investors may be watching for any new board or officer appointments following the departure

Siblock's Departure from All Sol Global Roles

Siblock held the positions of Director, Vice President Corporate Affairs, and Corporate Secretary at Sol Global, and also served in roles across the company's subsidiaries and affiliates. Her resignation, effective October 23, 2026, concluded her relationship with the organisation across all capacities. The company confirmed she had delivered services through Spark Corp., a firm of which she is the principal, under a consulting agreement that had been in place since March 3, 2023. The announcement noted that Siblock will assist with an orderly transition of her responsibilities, including limited follow-up support over a period of six months.

Settlement Terms and Accrued Fee Resolution

At the time of her resignation, the company disclosed that an aggregate of $144,111.28 in accrued consulting fees, expenses, and other amounts was owing to Spark Corp. and Siblock under the consulting agreement. Under the terms of the Settlement Agreement, Spark and Siblock agreed to accept $100,000 as full and final satisfaction of all outstanding amounts. The parties also exchanged customary mutual releases. The settlement was approved by the Sol Global board of directors, with Siblock having declared her interest and abstained from voting on the matter.

Deferred Share Units Unaffected by Settlement

The announcement clarified that deferred share units of the company held by Siblock are not affected by the Settlement Agreement and will continue to be governed by their existing terms. This detail distinguishes the cash settlement from the equity component of her compensation, which remains intact under its original governing provisions. The company did not disclose the number or value of the deferred share units in the announcement. The immediate share price impact was not clear from available public information.

Sol Global Board Composition Following Resignation

Following Siblock's departure, the Sol Global board of directors consists of John Zorbas and Jason Batista. The company stated it will announce any board or officer appointments as they are made. Sol Global describes itself as one of the first publicly traded companies globally focused exclusively on digital assets, with a strategy centred on token acquisitions, staking for yield generation, and early-stage protocol investments.