Sol Strategies stock trades lower amid CEO exit announcement

Sol Strategies (NASDAQ:STKE) stock fell Monday pre-market after the Canadian company announced the planned exit of CEO Leah Wald after completing corporate transformation.

Shares were -3.12% Monday pre-market to $5.90.

Wald will step down as a company director, effective immediately, and as CEO, effective October 1.

The company said it has appointed Chief Strategy Officer and Director Michael Hubbard as interim CEO.

Sol Strategies said the transition caps a pivotal year, where it cross-listed to Nasdaq, developed the Solana (SOL-USD) treasury model, and evolved into a sophisticated infrastructure provider.