Tokenwell Announces Resignation of CFO

Rhea-AI Summary

Tokenwell (OTCQB: TWELF; CSE: TWEL) announced that Kate-Lynn Genzel has resigned as Chief Financial Officer, effective March 26, 2026. The company said it has begun a search for a successor and expects to appoint a new CFO in due course. The announcement was signed by CEO Timothy J. Burgess.

This is a management change notice; no financial figures, interim appointment, or reason for the resignation were provided.

Positive

• Succession search initiated immediately after resignation
• Clear effective date of the CFO resignation: March 26, 2026

Negative

• CFO departure creates near-term leadership gap in finance
• No interim CFO named, leaving short-term oversight uncertainty

Toronto, Ontario--(Newsfile Corp. - March 18, 2026) - Tokenwell Platforms Inc. (CSE: TWEL) (OTCQB: TWELF) (FSE: Y920) ("Tokenwell" or the "Company") announces that Kate-Lynn Genzel has resigned from her position as Chief Financial Officer of the Company, effective March 26, 2026. The Company wishes to thank Ms. Genzel for her contributions during her tenure and wishes her the best in her future endeavours.

The Company has commenced its search for a successor and expects to appoint a new Chief Financial Officer in due course.

On Behalf of the Company

~Timothy Burgess~

Timothy J. Burgess

CEO and Director

About Tokenwell Platforms Inc. (CSE: TWEL) (OTCQB: TWELF) (FSE: Y920)

Tokenwell is a publicly listed cutting-edge cryptocurrency platform dedicated to making digital assets accessible, secure, and efficient for users worldwide. With a focus on innovation and user-centric design, Tokenwell empowers individuals and businesses to engage with the crypto economy confidently. For more information about Tokenwell, its upcoming launches, product benefits and features, Crypto users should visit www.tokenwell.io and download the Tokenwell app on iOS or Android. Potential investors are invited to visit www.tokenwell.com and everyone should follow us on LinkedIn, X & Telegram, and also subscribe to our News Alert opportunity for free and timely notifications from the Company.

For further information

Tokenwell Platforms Inc.

Email: info@tokenwell.com

Web: https://tokenwell.com (Investors)

Web: https://tokenwell.io (Products & Services)

Tokenwell Disclaimer - Tokenwell Platforms Inc. is not an investment adviser or commodity trading advisor. Tokenwell makes no representation regarding the advisability of investments linked to its products. Assets remain on users' own exchanges. Terms and conditions available at tokenwell.com.

Forward-Looking Statements - This press release contains "forward-looking statements". Sentences containing words such as "believe," "aim", "intend," "plan," "may," "expect," "should," "could," "anticipate," "estimate," "predict," "project," or their negatives, or other similar expressions of a future or forward-looking nature generally should be considered forward-looking statements and include, without limitation, statements relating to the appointment of a successor Chief Financial Officer. Such forward-looking statements are based upon estimates and assumptions that, while considered reasonable by the Company, are inherently uncertain and are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that may cause results to differ from those expressed in our forward-looking statements include, but are not limited, our ability to continue with our development efforts, our efforts to grow our business and operations, the costs or expenditures associated therewith, competition in our industry, and the evolving rules and regulations applicable to digital assets and our industry. You should not place undue reliance on any such forward-looking statements, which speak only as of the date they are made, and the Company undertakes no duty to update these forward-looking statements.

Neither the CSE nor its Regulatory Services Provider accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/288913

FAQ

Who resigned as CFO of Tokenwell (OTCQB: TWELF) and when is it effective?

Kate-Lynn Genzel resigned as Chief Financial Officer, effective March 26, 2026. According to the company, the resignation date is set and the company acknowledged her contributions during her tenure.

Has Tokenwell (TWELF) named an interim CFO following the March 18, 2026 announcement?

No interim CFO was named in the announcement. According to the company, it has commenced a search and expects to appoint a successor in due course, without specifying interim arrangements.

What steps is Tokenwell (TWELF) taking after the CFO resignation announced March 18, 2026?

Tokenwell has initiated a search for a new Chief Financial Officer. According to the company, the process is underway and an appointment is expected in due course, with no timeline or candidate details provided.

Could the CFO resignation affect Tokenwell's (TWELF) financial reporting or operations?

The company did not disclose any immediate financial impacts or changes to reporting. According to the company, only the resignation date and a search for a successor were announced, leaving potential short-term effects unclear.

Where can investors find updates about Tokenwell's (TWELF) CFO succession progress?

Investors should monitor the company's public disclosures and filings for updates on the CFO appointment. According to the company, it expects to announce a successor in due course, implying future formal communications.