Sol Strategies stock price rises after board restructuring agreement

LootboxPhobia · 2026-02-27T22:53:55+00:00

Sol Strategies Inc stock price rises by 3% after reaching a board restructuring agreement with shareholders. The newly nominated independent directors include Laszlo Borsai and Dennis Logan, while current Capital Markets Director Steve Ehrlich will become Chief Strategy Officer. The company will release the annual meeting management information in early March.

LootboxPhobia

2026-02-27 22:53:55

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Investing.com – Sol Strategies Inc (NASDAQ:STKE) stock rose 3% in after-hours trading on Friday after the company announced an agreement to reorganize its board of directors and address shareholder concerns before the annual shareholders’ meeting.

The company stated that it has reached a cooperation agreement with concerned shareholders Max Kaplan and Tony Guoga, who agreed to support the proposed slate of directors at the annual shareholders’ meeting on March 31, 2026. The agreement was reached after constructive dialogue between the company and the shareholders regarding their concerns.

The proposed board includes two new independent directors: Laszlo “Les” Borsai and Dennis Logan. Both have extensive experience in digital assets, corporate finance, and public company governance. The board also includes five current directors: Luis Berruga, Michael Hubbard, Jon Matonis, Rubsun Ho, and Jose Calderon.

Ungad Chadda will not seek re-election at the annual shareholders’ meeting but will continue to serve as a special advisor to the board for the next six months. Dennis Logan will join the company’s audit committee after the annual meeting.

According to the cooperation agreement, Michael Hubbard will be appointed as full-time CEO after the meeting, while current Capital Markets Director Steve Ehrlich will serve as Chief Strategy Officer.

Borsai has been an advisor to Ripple Labs since 2013 and co-founded Wave Digital Assets in 2018, an investment advisory firm registered with the U.S. Securities and Exchange Commission. Logan is currently CFO of American Tungsten Corp., Sterling Metals Corp., and BTU Metals Corp., and holds CPA and Chartered Accountant qualifications.

The company will release the management information notice for the annual shareholders’ meeting in early March.

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