For the month of May, 2026.
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F:
This Report on Form 6-K shall be deemed to be incorporated by reference
into the i) shelf registration statement on Form
F-3 (Registration Number 333-276870) of Brera Holdings PLC, operating under the name Solmate Infrastructure (the “Company”)
(NASDAQ: SLMT), a Solana-based crypto infrastructure company, filed by the Company with the U.S. Securities and Exchange Commission (the
“SEC”) on February 5, 2024 and declared effective by the SEC on February 13, 2024 (the “Shelf Registration Statement”),
and into each prospectus or prospectus supplement outstanding under the Shelf Registration Statement, and the registration statement on Form
F-3ASR (Registration Number 333-291657) of the Company, filed by the Company with the SEC on November 19, 2025 (the “Resale
Registration Statement”), and into each prospectus or prospectus supplement outstanding under the Resale Registration Statement,
and ii) registration statements on Form S-8 (File Nos. 333-269535
and 333-287999), in each case,
to the extent not superseded by documents or reports subsequently filed or furnished by the Company under the Securities Act of 1933,
as amended, or the Securities Exchange Act of 1934, as amended.
On May 4, 2026, the Company issued a letter from its
Chief Executive Officer to its shareholders.
A copy of the letter to the shareholders is furnished
as Exhibit 99.1 to this Report on Form 6-K. The information contained in the letter to the shareholders furnished as Exhibit 99.1 to this
Report on Form 6-K shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended
(the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference
into any of the Company’s filings under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after
the date hereof, except as shall be expressly set forth by specific reference to any such filing.
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Exhibit 99.1
Letter to Shareholders of Brera Holdings PLC (d/b/a Solmate Infrastructure)
From the New Chief Executive
Officer Ron Sade
DUBLIN—May 4, 2026—Brera Holdings PLC (Nasdaq: SLMT) (the “Company” or “Solmate Infrastructure”), today issued the following
letter from Ron Sade, Chief Executive Officer:
Dear Shareholders,
I would like to begin this letter, as I step into
the role of CEO, with optimistic notes. But despite my deep optimism, I want to treat you with the respect you deserve as the intelligent
investors you are, and start instead with a realistic message — without trying to dress up the reality.
Regrettably, I am taking on this role at a time when
the Company is far from where we want it to be, trading well below both its mNAV and the PIPE financing price, mainly due to the sharp
decline in Solana value, which is currently a primary driver of returns generated through yield on our digital asset treasury alongside
our broader operating activities. While we knew that a bear market was a possibility, the timing has pulled the Company into a negative
cycle.
When I agreed to take on this role and bring the experience
I have accumulated over decades of leading companies and investing across the technology and blockchain sectors into Solmate, one of my
first actions was focused on meaningful reductions in the Company’s operating budget. As you have already seen reflected in the Company’s
announcements over the past two weeks — we have eliminated millions of dollars in annualized operating costs across the board. We
will provide a more thorough discussion of the 2026 financial overview with the release of our 2025 annual report (20-F).
Setting the tone at the top and leading by example,
the structure of my compensation has been deliberately designed to align directly with shareholders. My base compensation is significantly
lower than that of my predecessor, and the substantial majority of my potential earnings is tied directly to long-term share price performance
and value creation for shareholders.
These are not easy times, and as I said, I have no
interest in glossing over the reality. Yet despite the significant challenges ahead, I am genuinely optimistic.
I am optimistic because I trust the integrity
of the path forward and the experience I bring to it.
I am optimistic because many of our most significant
shareholders are visionaries, long-term thinkers, and the personal relationships I have with them are a source of inspiration.
I am optimistic because I have full confidence
in our strategic partners in the United Arab Emirates and at the Solana Foundation.
I am optimistic because I believe in every
member of the Company’s Board of Directors and in their commitment to do whatever it takes to make this Company succeed.
I am optimistic because we are uniquely positioned
to create a dominant market leader in the UAE, leveraging our relationship with the Pulsar Group and the Solana Foundation.
Where We Are Going
Before outlining the path forward, I want to reaffirm
the foundation of this Company to ensure there is no ambiguity about our direction.
Solmate was established with a clear and deliberate
objective: to become the leading Solana treasury company and a primary vehicle for institutional participation in the Solana ecosystem
globally.
This vision was not theoretical — it was validated
by the market. The Company successfully raised approximately $300 million from a group of highly sophisticated and prominent investors,
reflecting strong conviction in both the strategy and the scale of the opportunity. Importantly, the vast majority of these investors
remain shareholders today, continuing to demonstrate long-term alignment and support for both the Company and its new management.
At present, we are focused on increasing value creation
for our shareholders through risk diversification, disciplined execution, transparency, and consistent delivery.
The Company currently holds more than $120 million
in assets, providing a strong foundation for execution. As part of our commitment to transparency, we are working to develop investor-facing
tools that, subject to internal review and applicable disclosure requirements, are intended to provide shareholders with greater visibility
into the performance of the Company’s digital asset holdings.
We are not redefining the vision — we are executing
on it with greater discipline, sharper focus, and a clear framework for capital allocation and value creation.
Our strategy is anchored in three pillars:
Capital Discipline and Stewardship
— We will manage the Company with rigorous capital allocation discipline, prudent treasury management, and a clear focus on creating
sustainable, long-term value for our shareholders.
Institutional Infrastructure Expansion
— We are building a global, institutional-grade validator and staking platform designed to serve banks, funds, and large allocators
seeking exposure to the Solana ecosystem.
Bridge to Institutional Capital
— We are positioning Solmate as the preferred gateway for institutional investors across the Middle East and Asia to access Solana
through structured, compliant investment solutions.
Importantly, our focus is not only long-term. In the
coming quarters, management will prioritize initiatives aimed at strengthening market understanding of the Company’s value, expanding
institutional relationships, and driving measurable progress across our core operating pillars.
Our objective is simple: to enhance shareholder value
and build scalable, profitable infrastructure for the years to come through disciplined execution, transparency, and consistent delivery.
That is where we are going.
My personal commitment is to do everything within
my power to position Solmate, by 2030, as the world’s leading Solana-focused technology infrastructure company and the largest Solana
treasury in the world. Our strategy is not simply to hold SOL, but to build institutional-grade staking, validation, RPC, colocation and
related technology infrastructure around the Solana ecosystem, supported by a disciplined treasury strategy and measured by AUM in SOL,
operating infrastructure scale and market capitalization.
I will make myself available to write to you and to
speak face-to-face far more frequently than my predecessor in this role. I believe wholeheartedly that transparency with shareholders
is the key to this Company’s success.
I also believe that engagement should not be reserved
only for the moments when everything is shining and bright — it is just as important during difficult periods and challenging times.
From the vantage point of my years, I have learned that people reveal their strength precisely when they are brought into the difficult
moments, and that the great majority will rise to the occasion to help you help the Company.
This is an exciting period for me, and I commit to
doing everything in my power to put the Company on a path of renewed success.
Thank you for your attention, and I look forward to
ongoing communication.
Sincerely,
Ron Sade
Chief Executive Officer
Solmate Infrastructure PLC
Nasdaq: SLMT
About Brera Holdings PLC
Brera Holdings PLC (d/b/a Solmate Infrastructure) is a Solana-based crypto
infrastructure company with a strategic focus on Abu Dhabi. The company creates value by working with its partners to build infrastructure
and real hardware for the crypto revolution. Its cutting-edge Solana staking infrastructure will help drive the adoption of the network
in the Middle East. Backed by Ark Invest, RockawayX, Pulsar Group and other UAE and international investors, Solmate Infrastructure expects
to process Solana transactions faster, more efficiently and more profitably than other companies. www.solmate.com.
Forward-Looking Statements
This letter contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “expect,”
“intend,” “plan,” “anticipate,” “believe,” “will,” and similar expressions.
These statements include, but are not limited to, statements regarding the Company’s strategic direction and operating plans; its
ability to execute on cost reduction initiatives and maintain capital discipline; its plans to expand institutional infrastructure, including
validator, staking, RPC, colocation and related technology services; its ability to strengthen institutional relationships and enhance
market understanding of the Company’s value; its ability to develop investor-facing tools and improve transparency; its ability
to diversify risk and allocate capital effectively; the Company’s positioning as a preferred gateway for institutional investors
across the Middle East and Asia; the anticipated benefits of relationships with strategic partners, including the Pulsar Group and the
Solana Foundation; the Company’s expectations regarding its financial performance, asset base, and long-term growth; and the Chief
Executive Officer’s targets and objectives, including positioning the Company by 2030 as the world’s leading Solana-focused
technology infrastructure company and the largest Solana treasury. These forward-looking statements are based on current expectations,
estimates, assumptions, and projections and involve known and unknown risks, uncertainties, and other factors—many of which are
beyond the Company’s control—that may cause actual results, performance, or achievements to differ materially from those expressed
or implied by such statements. Important factors that may affect actual results include, among others, the Company’s ability to
execute its growth strategy; the outcome of the Nasdaq Hearings Panel process; market conditions, regulatory changes, operational challenges,
and other risks and uncertainties described under “Risk Factors” in the Company’s Annual Report on Form 20-F filed with
the SEC on May 15, 2025, as amended on May 28, 2025, and in subsequent filings with the SEC, available at www.sec.gov.
The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future
events, or otherwise, except as required by applicable law.
Contacts Investors
John Ragozzino Jr., CFA
Solmate@icrinc.com
