SOL Global Investments Corp. announced that it has been advanced an additional $2,029,650 (the "Advance") from its senior secured lender, Braebeacon Holdings Inc. (the "Lender"), in connection with which it has entered into an amended accommodation agreement (the "Amending Letter") to the loan agreement between the Lender and the Company dated August 6, 2021, as amended from time to time (as amended, the "Loan Agreement"). The Amending Letter provides for certain requirements of the Company to continue repayment of the total loan under the Loan Agreement, additional reporting obligations and confirmation of certain security interests provided to the Lender.

The Advance was used to reduce the amount owed to a former officer of the Company.