STOCK TITAN

Solmate Infrastructure (NASDAQ: SLMT) keeps Nasdaq listing after bid price compliance

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Brera Holdings PLC (d/b/a Solmate Infrastructure) has regained compliance with Nasdaq’s minimum bid price rule, allowing its Class B ordinary shares to continue trading on the Nasdaq Capital Market under the symbol SLMT.

Nasdaq’s Hearings Department confirmed compliance with Listing Rule 5550(a)(2), which requires a minimum bid price of at least $1.00 per share, and cancelled a previously scheduled hearing. The company had executed a 1-for-10 reverse share split on May 14, 2026 to help restore compliance and subsequently met the required closing bid price.

Positive

  • Nasdaq compliance restored, delisting risk reduced: The company regained compliance with Nasdaq Listing Rule 5550(a)(2) and will continue trading on the Nasdaq Capital Market, removing immediate listing uncertainty.

Negative

  • None.

Insights

Solmate Infrastructure removes near-term Nasdaq delisting risk by regaining minimum bid compliance.

Solmate Infrastructure confirms it now meets Nasdaq Listing Rule 5550(a)(2), which requires a minimum bid price of at least $1.00 per share. This follows a 1-for-10 reverse share split completed on May 14, 2026, after which the company achieved the required closing bid price.

With compliance restored, the Nasdaq Hearings Department cancelled a hearing that had been scheduled for June 2, 2026, and the company’s Class B ordinary shares will continue trading on the Nasdaq Capital Market under the symbol SLMT. This reduces uncertainty tied to potential delisting and keeps the company on a major U.S. exchange.

Minimum bid price requirement $1.00 per share Nasdaq Listing Rule 5550(a)(2) threshold
Reverse share split ratio 1-for-10 Ordinary shares, effective May 14, 2026
Scheduled hearing date June 2, 2026 Nasdaq Hearings Panel, later cancelled
Minimum Bid Price Requirement financial
"maintain a minimum bid price of at least $1.00 per share (the “Minimum Bid Price Requirement”)"
A minimum bid price requirement is a rule that a stock must trade above a set price for a specified period to stay listed on an exchange. It matters to investors because falling below that threshold can trigger warnings or removal from the exchange, which can cut liquidity, reduce visibility, and often lead to sharper declines in share value—think of it like a venue’s minimum dress code that, if not met, can bar a performer from the stage.
Nasdaq Listing Rule 5550(a)(2) regulatory
"confirming that the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2)"
reverse share split financial
"the Company effected a 1-for-10 reverse share split of its ordinary shares"
A reverse share split is when a company reduces the number of its shares outstanding by combining multiple shares into one, effectively increasing the price of each share. For investors, this can help improve the company's image or meet stock exchange listing requirements, but it does not change the total value of their investment. It’s similar to turning many small pieces of a puzzle into fewer larger pieces—nothing new is added or lost, just rearranged.
Nasdaq Capital Market market
"shares will continue to be listed and traded on The Nasdaq Capital Market"
The Nasdaq Capital Market is a platform where smaller, emerging companies can list their shares for trading by investors. It provides these companies with access to funding and visibility, helping them grow, much like a local marketplace where new vendors can introduce their products to potential customers. For investors, it offers opportunities to discover early-stage companies with growth potential.
forward-looking statements regulatory
"This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995."
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 OF THE

SECURITIES EXCHANGE ACT OF 1934

 

For the month of June 2026

 

Commission File Number 001-41606

 

BRERA HOLDINGS PLC

(Translation of registrant’s name into English)

 

Connaught House, 5th Floor

One Burlington Road

Dublin 4

D04 C5Y6

Ireland

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

 

Form 20-F ☒     Form 40-F

 

 

 

 

 

 

INCORPORATION BY REFERENCE

 

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.

 

INFORMATION CONTAINED IN THIS FORM 6-K REPORT

 

On June 1, 2026, the Company issued a press release with respect to its compliance with Nasdaq’s minimum bid price requirement and the cancellation of Nasdaq hearing. A copy of the press release is attached to this Report on Form 6-K as Exhibit 99.1 and is incorporated herein by reference.

 

Exhibit No.   Description
   
99.1   Press release, dated as of June 1, 2026

 

1

 

 

SIGNATURES

 

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.

 

Date: June 1, 2026 BRERA HOLDINGS PLC
     
  By: /s/ Ron Sade
    Ron Sade
    Chief Executive Officer

 

2

 

Exhibit 99.1

  

Brera Holdings PLC (NASDAQ: SLMT) (d/b/a Solmate Infrastructure) Regains Compliance with Nasdaq
Minimum Bid Price Requirement; Nasdaq Hearing Cancelled

 

Nasdaq Hearings Department Confirms Compliance with Listing Rule 5550(a)(2); Ordinary Shares to Continue Trading on Nasdaq Capital Market

 

DUBLIN–(BUSINESS WIRE)–Brera Holdings PLC (Nasdaq: SLMT) (the “Company” or “Solmate Infrastructure”) today announced that it has received written notification from the Nasdaq Hearings Department confirming that the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2), which requires listed companies to maintain a minimum bid price of at least $1.00 per share (the “Minimum Bid Price Requirement”).

 

As a result of the Company’s compliance with the Minimum Bid Price Requirement and all other applicable Nasdaq Capital Market listing standards, the Nasdaq Hearings Department has advised the Company that the hearing previously scheduled before the Nasdaq Hearings Panel on June 2, 2026 has been cancelled.

 

Accordingly, the Company’s Class B ordinary shares will continue to be listed and traded on The Nasdaq Capital Market under the symbol “SLMT.”

 

As previously disclosed, the Company effected a 1-for-10 reverse share split of its ordinary shares on May 14, 2026 as part of its efforts to regain compliance with the Minimum Bid Price Requirement. Following the reverse share split, the Company achieved the required minimum closing bid price and has now received confirmation from Nasdaq that the matter has been resolved.

 

The Company appreciates the continued support of its shareholders throughout the compliance process and remains focused on executing its business strategy and creating long-term shareholder value.

 

About Brera Holdings PLC

 

Brera Holdings PLC (d/b/a Solmate Infrastructure) is a Solana-focused crypto infrastructure company focused on building institutional-grade Solana staking, validation and treasury infrastructure, with a strategic foothold in Abu Dhabi.

 

Forward-Looking Statements

 

This press release 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 business strategy, future growth, market opportunities and shareholder value creation. These forward-looking statements are based on current expectations, estimates, assumptions and projections and involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied by such statements. Additional information concerning these and other risks is contained in the Company’s filings with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statements except as required by applicable law.

 

Contacts

 

Investors

 

John Ragozzino Jr., CFA
Solmate@icrinc.com

  

FAQ

What did Brera Holdings PLC (SLMT) announce in its June 2026 update?

Brera Holdings PLC announced it regained compliance with Nasdaq’s minimum bid price rule. Nasdaq confirmed the company now meets all Capital Market listing standards, so its Class B ordinary shares will continue trading under the SLMT symbol without a scheduled hearing.

How did SLMT regain compliance with Nasdaq’s minimum bid price requirement?

SLMT regained compliance after effecting a 1-for-10 reverse share split on May 14, 2026. Following the reverse split, the company’s ordinary shares achieved the required minimum closing bid price of at least $1.00 per share under Nasdaq Listing Rule 5550(a)(2).

What happens to Solmate Infrastructure’s Nasdaq listing after this compliance news?

Solmate Infrastructure’s Class B ordinary shares will remain listed and traded on the Nasdaq Capital Market. Nasdaq’s Hearings Department confirmed compliance and cancelled a planned hearing, removing an immediate risk of delisting for the company’s shares.

Was there a Nasdaq hearing scheduled for Brera Holdings PLC (SLMT)?

Yes. A hearing before the Nasdaq Hearings Panel had been scheduled for June 2, 2026. After confirming Solmate Infrastructure’s compliance with all Nasdaq Capital Market standards, the Nasdaq Hearings Department cancelled the hearing, indicating the listing issue has been resolved.

What is Nasdaq Listing Rule 5550(a)(2) mentioned in the SLMT filing?

Nasdaq Listing Rule 5550(a)(2) requires companies listed on the Nasdaq Capital Market to maintain a minimum bid price of at least $1.00 per share. Solmate Infrastructure received written confirmation it now satisfies this rule after its 1-for-10 reverse share split and subsequent trading performance.

What corporate action did Solmate Infrastructure take in May 2026?

On May 14, 2026, Solmate Infrastructure executed a 1-for-10 reverse share split of its ordinary shares. This corporate action was part of the company’s efforts to increase its share price and regain compliance with Nasdaq’s minimum bid price requirement of $1.00 per share.

Filing Exhibits & Attachments

1 document