SOL Global Investments Corp. (CSE: SOL) (OTC Pink: SOLCF) (FSE: 9SB0) has announced the resignation of Deena Siblock as Director, Vice President Corporate Affairs, and Corporate Secretary, effective October 23, 2026. The Toronto-based digital assets company simultaneously settled outstanding consulting obligations totalling $144,111.28 for a lump-sum payment of $100,000. The board of directors now consists of two members, John Zorbas and Jason Batista, as the company navigates a period of leadership transition.

Key Points

  • SOL Global Investments Corp. (CSE: SOL) announced the resignation of a senior officer and director effective October 23, 2026
  • Deena Siblock resigned from all positions with the company and its subsidiaries and affiliates
  • Accrued consulting fees and expenses of $144,111.28 were settled for $100,000 under a board-approved Settlement Agreement
  • Investors may be watching for any new board or officer appointments as the company has indicated it will announce such changes as they occur

Siblock's Resignation Triggers Board Reduction at SOL Global

Deena Siblock's departure removes a senior figure who held three concurrent roles: Director, Vice President Corporate Affairs, and Corporate Secretary. Her resignation, effective October 23, 2026, also extends to all positions held across the company's subsidiaries and affiliates. The announcement states that Ms. Siblock had been providing services to SOL Global through her company, Spark Corp., under a consulting agreement that became effective March 3, 2023. Following her exit, the board of directors comprises only two members — John Zorbas and Jason Batista.

Settlement Agreement Resolves Spark Corp. Consulting Obligations Below Accrued Amount

At the time of 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 Ms. Siblock under the Consulting Agreement. Under the terms of the Settlement Agreement, Spark Corp. and Ms. Siblock agreed to accept $100,000 as full and final satisfaction of all amounts owed. The Consulting Agreement was terminated concurrently with the resignation. The release states that the board approved the Settlement Agreement, with Ms. Siblock declaring her interest and abstaining from the vote, and that customary mutual releases were exchanged by all parties.

Deferred Share Units and Transition Assistance Terms Confirmed

The Settlement Agreement specifies that deferred share units held by Ms. Siblock are unaffected by her departure and will continue to be governed by their existing terms. Additionally, Ms. Siblock has agreed to assist with an orderly transition of her responsibilities, including limited follow-up assistance for a period of six months. The immediate share price impact was not clear from available public information. SOL Global describes itself as one of the first publicly traded companies globally focused exclusively on digital assets, pursuing token acquisitions, staking, and investments in early-stage protocols.