On September 30, 2020, Spectrum Global Solutions, Inc. entered into and closed on a Stock Purchase Agreement whereby the Company agreed to sell to WTG all of the capital stock it owns of WaveTech GmbH and TNS, Inc. In connection with the transactions contemplated by the Purchase Agreement, effective September 30, 2020, Dag Valand, Silas Poel and Brynjar Meling resigned as members of the Board of Directors of the Company. In addition, as of the same date, Silas Poel resigned as the Chief Operating Officer of the Company.