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Solmate (NASDAQ: SLMT) pivots to Solana hub and proposes 10-for-1 reverse split

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

Rhea-AI Filing Summary

Brera Holdings PLC, operating as Solmate Infrastructure, is convening an extraordinary general meeting to approve a major strategic and capital structure shift. The company plans to focus on being an institutional-grade Solana infrastructure provider centered in Abu Dhabi and to align its legal structure and capital allocation with this blockchain mission.

Operationally, it intends to wind down underperforming soccer teams Brera Tchumene and Brera IIch while retaining Italian club Juve Stabia and redirecting freed capital into UAE-based Solana infrastructure. Subject to shareholder approval at the April 7, 2026 meeting, a 10-for-1 reverse stock split of Class A and Class B Ordinary Shares is proposed, with no fractional shares issued and proportionate adjustments to equity awards and warrants. The board may abandon the split, and the shares are expected to continue trading on Nasdaq under the symbol SLMT.

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Insights

Solmate pairs a strategic crypto pivot with a proposed 10-for-1 reverse split.

Solmate Infrastructure is refocusing around institutional-grade Solana staking, validation, and treasury services anchored in Abu Dhabi, while shrinking its legacy sports footprint by winding down two underperforming soccer teams and keeping Juve Stabia. Capital is intended to support Solana infrastructure growth.

The board proposes a 10-for-1 reverse split of Class A and Class B Ordinary Shares, subject to approval at the April 7, 2026 meeting, with no fractional shares and proportional adjustments to awards and warrants. The filing states shareholder percentage interests remain unchanged aside from rounding.

The board retains discretion to abandon the split after authorization, and the stock is expected to keep trading on Nasdaq under ticker SLMT. Actual effects on trading dynamics, investor base, and Solana build-out depend on execution and future conditions not detailed in this disclosure.

 

 

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 March 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 ☐

 

 

 

 

 

 

INFORMATION CONTAINED IN THIS FORM 6-K REPORT

 

Extraordinary General Meeting

 

On March 10, 2026, Brera Holdings PLC, a public limited company incorporated in the Republic of Ireland (the “Company”), made available to its shareholders a notice of and proxy statement relating to the Company’s extraordinary general meeting (the “EGM”), which is expected to take place on April 7, 2026, at 2:00 p.m., Irish Standard Time,  and a form of proxy card in connection with the proposals sought to be adopted by the EGM.

 

In connection with the EGM, on March 10, 2026, the Company issued a press release announcing a strategic step to position the company as a premier institutional grade Solana infrastructure provider. A copy of the press release is attached to this Report on Form 6-K as Exhibit 99.3 and is incorporated herein by reference.

 

EXHIBIT INDEX

 

Exhibit No.   Description
99.1   Notice of Extraordinary General Meeting and Proxy Statement
99.2   Proxy Card
99.3  

Press release, dated March 10, 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: March 10, 2026 BRERA HOLDINGS PLC
   
  By: /s/ Marco Santori
    Marco Santori
    Chief Executive Officer

 

2

 

 

Exhibit 99.3

 

Solmate Solidifies Strategic Focus on UAE-Centric Solana Hub, Announces Corporate Alignment to Blockchain Mission and Push for Institutional Growth

ABU DHABI, United Arab Emirates — March 10, 2026 — Solmate Infrastructure (the "Company" or "Solmate") (currently Brera Holdings PLC, NASDAQ: SLMT), today announced a strategic step to position the company as a premier institutional grade Solana infrastructure provider with its primary operational focus on Abu Dhabi. To support this shift, the Board of Directors has approved a proposal to formally align the company’s legal structure with this core blockchain mission, concentrate capital on digital infrastructure, and position itself for institutional accessibility.

The proposal, which is subject to shareholder approval, is designed to formally align the Company's legal structure with its focus on Solana infrastructure and treasury. It includes:

Corporate Name Change: Formally changing the legal entity name from Brera Holdings PLC to Solmate Infrastructure PLC to align corporate brand and identity with the Company's Solana-based digital infrastructure business model.
Constitutional Amendments: Officially updating the Company's constitutional documents to reflect its digital asset infrastructure and treasury strategy focus.
Capital Structure Revisions: Implementing a reverse stock split intended to position the company’s shares within a more conventional trading range preferred by institutional investors and provide greater operational flexibility to pursue strategic financing options.

Additionally, the Company plans to streamline its legacy sport portfolio by winding down operations of its underperforming soccer teams (Brera Tchumene and Brera IIch). The company plans to retain its flagship Italian football operation (Juve Stabia), while redirecting liberated capital to accelerate its UAE- based Solana infrastructure expansion.

“This transformation is the culmination of Brera’s strategic shift toward infrastructure opportunities we see in Abu Dhabi.” said Marco Santori, Solmate CEO. by focusing our capital and corporate identity on Solana, we are positioning ourselves to be a central player in the region’s rapidly expanding digital economy. This is not just a name change, it is the evolution of a specialized infrastructure firm built for the future of capital markets.”

Capital Structure Revisions

Subject to shareholder approval, the proposed 10-for-1 reverse stock split of the Company’s issued and outstanding common shares is expected to become effective shortly following the shareholder meeting scheduled for April 7, 2026. In connection with the planned stock split every 10 Class A Ordinary Shares of nominal value $0.05 each in the authorised and unissued and authorised and issued share capital of the Company would be consolidated into 1 Class A Ordinary Share of nominal value $0.50 each and every 10 Class B Ordinary Shares of nominal value $0.05 each in the authorised and unissued and authorised and issued share capital of the Company be consolidated into 1 Class B Ordinary Share of nominal value $0.50 each, with the board of directors able to elect to abandon such proposed amendments and not effect the reverse share split authorised by shareholders, in its sole discretion. No fractional shares will be issued.

 

Following the reverse split the Company’s common shares will continue trading on the Nasdaq under the symbol “SLMT.” Proportionate adjustments will be made to all outstanding equity awards and warrants and their exercise prices. The reverse stock split will affect all shareholders uniformly and will not alter any shareholder’s percentage interest in the Company, except as a result of fractional share rounding.

Equiniti Trust Company, LLC, the Company’s transfer agent, is acting as exchange agent for the reverse stock split. Shareholders holding shares in book-entry form are not required to take any action to receive post-split shares. Shareholders holding shares through a broker, bank, or other record holder should contact their holder of record with any questions.

About Solmate Infrastructure

Solmate Infrastructure, currently operating as Brera Holdings PLC (NASDAQ: SLMT), together with its local strategic partners, builds institutional-grade Solana staking, validation, and treasury infrastructure with a strategic focus on Abu Dhabi. Backed by ARK Invest, RockawayX, Pulsar Group, and leading UAE investors, Solmate deploys capital and hardware to drive Solana adoption across the Middle East and beyond while continuing to operate its multi-club football business in Italy. For more information visit www.solmate.com.

Forward-Looking Statements

This press release contains forward-looking statements regarding Solmate's strategic plans, corporate restructuring, partnership arrangements, and infrastructure development. These statements involve risks and uncertainties that could cause actual results to differ materially, including market conditions, regulatory changes, shareholder approval, and operational challenges. Solmate undertakes no obligation to update these statements except as required by law.

Investor & Media Contact
Solmate@ICRinc.com

 

 

FAQ

What strategic shift is Brera Holdings (SLMT) making in this 6-K?

Brera Holdings, operating as Solmate Infrastructure, is pivoting to become an institutional-grade Solana infrastructure provider focused on Abu Dhabi. It aims to align its legal structure and capital allocation with Solana staking, validation, and treasury infrastructure while maintaining a smaller Italian football operation.

What capital structure change is Solmate (SLMT) proposing to shareholders?

Solmate is proposing a 10-for-1 reverse stock split of its Class A and Class B Ordinary Shares, subject to shareholder approval. No fractional shares will be issued, equity awards and warrants will be adjusted proportionately, and percentage ownership is expected to remain the same apart from rounding effects.

How will Solmate’s sports operations change under this new strategy for SLMT?

Solmate plans to wind down its underperforming soccer teams Brera Tchumene and Brera IIch while retaining its flagship Italian club Juve Stabia. Capital freed from the discontinued teams is intended to accelerate Solana infrastructure expansion centered in Abu Dhabi and the wider Middle East region.

When is the Solmate (SLMT) extraordinary general meeting scheduled?

The extraordinary general meeting is expected to take place on April 7, 2026, at 2:00 p.m. Irish Standard Time. Shareholders will vote on proposals including the 10-for-1 reverse stock split and legal alignment with the company’s Solana infrastructure and treasury-focused blockchain mission.

Will the SLMT Nasdaq listing change after the proposed reverse stock split?

The company states its common shares are expected to continue trading on Nasdaq under the symbol SLMT following the reverse stock split. Equiniti Trust Company, LLC will act as exchange agent, and shareholders holding in book-entry form are not required to take special action for post-split shares.

What happens to existing Solmate (SLMT) equity awards and warrants in the reverse split?

If the 10-for-1 reverse split is implemented, all outstanding equity awards and warrants, and their exercise prices, will be adjusted proportionately. This is intended to preserve the economic value of these instruments while reducing the number of issued and outstanding shares by the stated ratio.

Filing Exhibits & Attachments

3 documents
Brera Holdings

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