Brera Holdings launches ATM share program with Cantor Fitzgerald
Rhea-AI Filing Summary
Brera Holdings PLC entered into a Controlled Equity OfferingSM Sales Agreement with Cantor Fitzgerald & Co., creating an at-the-market equity offering program. The company may, at its option, offer and sell Class B ordinary shares having an aggregate sales price of up to $98,500,000 through Cantor acting as principal or sales agent. Cantor will use commercially reasonable efforts to place the shares and will receive a 3.0% commission on the aggregate gross proceeds from each sale. The company is not obligated to sell any shares and can suspend or terminate the program, which is conducted under its effective Form F-3 shelf registration and a related prospectus supplement.
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Insights
Brera sets up a $98.5M at-the-market share offering facility.
Brera Holdings PLC has established an at-the-market (ATM) program allowing it to issue Class B ordinary shares with an aggregate sales price of up to $98,500,000. Sales are made from time to time through Cantor Fitzgerald & Co., which acts as principal or sales agent and earns a 3.0% commission on gross proceeds from each sale.
The ATM uses the company’s effective Form F-3 shelf registration and a prospectus supplement dated November 18, 2025. The agreement states that the company has no obligation to sell any shares and may suspend offers or terminate the arrangement, so actual issuance will depend on management decisions and market conditions, though these specifics are not detailed here.
The structure provides flexibility to conduct smaller, continuous issuances instead of a single large deal. Actual share sales, pricing, and any resulting dilution will be determined by future transactions executed under this program, which are not quantified in this excerpt.
FAQ
What equity offering did Brera Holdings PLC (BREA) announce in this 6-K?
Brera Holdings PLC announced a Controlled Equity OfferingSM Sales Agreement with Cantor Fitzgerald & Co., establishing an at-the-market program to sell Class B ordinary shares with an aggregate sales price of up to $98,500,000.
How much stock can Brera Holdings PLC sell under the new ATM program?
The company may offer and sell Class B ordinary shares with a total aggregate sales price of up to $98,500,000 under the at-the-market offering.
Who is the sales agent for Brera Holdings PLC’s at-the-market offering?
Cantor Fitzgerald & Co. serves as the principal and/or sole sales agent under the Sales Agreement for Brera Holdings PLC’s at-the-market offering of Class B ordinary shares.
Under what registration is Brera Holdings PLC’s ATM offering being conducted?
The ATM shares will be issued and sold pursuant to Brera’s effective Form F-3 shelf registration statement (Registration No. 333-276870), a base prospectus, and a prospectus supplement dated November 18, 2025.