Qube Research & Technologies Limited and Pierre‑Yves Morlat report beneficial ownership of 2,930,140 Class B Ordinary Shares of Brera Holdings PLC, representing 3.6% of the class. The filing states shared voting and shared dispositive power over these shares and references a previously filed power of attorney. The statement is an amendment to a Schedule 13G/A and is signed by an authorized representative on 05/15/2026.
Brera Holdings PLC (Solmate Infrastructure) is consolidating its stock through a 1-for-10 reverse share split of its Class B ordinary shares to help regain compliance with Nasdaq’s minimum $1 bid price requirement. The board approved the move on May 1, 2026, following shareholder approval on April 7, 2026.
The shares will begin trading on a split-adjusted basis on Nasdaq under the symbol SLMT on May 14, 2026. The reverse split will reduce the number of issued and outstanding Class B ordinary shares from approximately 83,874,383 to approximately 8,387,438, with no Class A ordinary shares outstanding. Equity awards, warrants, and convertible preferred shares will be proportionally adjusted, with higher exercise or conversion prices per share and no change to other share terms.
Brera Holdings PLC (d/b/a Solmate Infrastructure) plans a 1-for-10 reverse share split of its Class B ordinary shares to address Nasdaq listing requirements. The company expects the split to become effective on or about May 14, 2026, subject to Nasdaq processing and administrative steps.
After effectiveness, the current 83,874,383 Class B ordinary shares outstanding will be consolidated into 8,387,438 shares, and the stock is expected to continue trading on The Nasdaq Capital Market under the symbol SLMT on a split-adjusted basis. The reverse split is intended to help the company regain compliance with Nasdaq Listing Rule 5550(a)(2), which requires a minimum bid price of $1.00 per share.
Brera Holdings PLC (d/b/a Solmate Infrastructure) furnished a CEO letter to shareholders outlining the company’s current challenges and strategic plan. New CEO Ron Sade explains that the stock is trading well below its mNAV and PIPE financing price, largely due to a sharp decline in Solana’s value.
He states that Solmate has already eliminated millions of dollars in annualized operating costs and holds more than $120 million in assets, with a more detailed 2026 financial overview to come with the 2025 Form 20-F. His compensation is described as significantly lower than his predecessor’s base pay, with most potential earnings tied to long-term share price performance.
The letter reaffirms Solmate’s goal to be a leading Solana treasury and infrastructure company, highlighting that it previously raised approximately $300 million from sophisticated investors who largely remain shareholders. Sade outlines three strategic pillars: capital discipline and stewardship, institutional-grade infrastructure expansion, and serving as a bridge for institutional capital into the Solana ecosystem, particularly across the Middle East and Asia.
Brera Holdings PLC (d/b/a Solmate Infrastructure) reported a leadership change, terminating Marco Santori as Chief Executive Officer and director and appointing board member Ron Sade as the new CEO. His appointment is effective May 1, 2026.
The company highlights Mr. Sade’s background in technology investment, digital infrastructure, and cryptocurrency, including early-stage investment in Solana. Based in the United Arab Emirates, he is expected to help advance Solmate Infrastructure’s Solana-focused crypto infrastructure strategy in Abu Dhabi and across the Middle East.
Brera Holdings PLC (Solmate Infrastructure) reported receiving a Nasdaq staff determination on April 23, 2026 to delist its Class B ordinary shares from The Nasdaq Capital Market due to a prolonged minimum bid price deficiency under Nasdaq rules.
The company plans to request a hearing before an independent Nasdaq Hearings Panel by April 30, 2026, which will automatically stay any suspension or delisting action while the Panel considers the case. During this period, the shares are expected to continue trading on Nasdaq under the ticker SLMT.
Shareholders previously approved a 10‑for‑1 reverse share split at an extraordinary general meeting on April 7, 2026, subject to the board’s discretion to implement it. The board is working to complete the steps needed to effect the reverse split, and the company states it expects to regain compliance with Nasdaq’s minimum bid price requirement once the split is effectuated.
Brera Holdings PLC, operating as Solmate Infrastructure, reports a change to an advisory arrangement in the Gulf region. The company had engaged Pulsar Group Ltd. as its exclusive advisor for consultancy and advisory services in Gulf Cooperation Council countries under an Advisory Services Agreement dated February 9, 2026.
In return for these services, Pulsar Group was entitled to a $250,000 monthly fee. Effective April 24, 2026, Brera Holdings and Pulsar Group mutually agreed to suspend both payment and accrual of this monthly fee until further notice, while keeping all other terms of the Agreement in full force and effect.
Brera Holdings PLC, operating as Solmate Infrastructure, has adopted a Rights Agreement that issues one purchase right for each outstanding Class B ordinary share. Each right lets holders buy one ordinary share at $6.00 if triggered. Rights go to shareholders of record on May 5, 2026 and expire on April 23, 2027. The plan is designed to dilute any person or group that acquires at least 9.99% of ordinary shares, or 20% for certain “13G Investors,” without Board approval. The Board states the agreement is meant to give it more time to evaluate unsolicited takeover proposals and encourage potential acquirers to negotiate, and notes it was not adopted in response to a specific approach.
Brera Holdings PLC, operating as Solmate Infrastructure, agreed on April 17, 2026 to sell its entire equity interest in Italian football club S.S. Juve Stabia to Stabia Capital S. for total consideration of €1.00.
Under the deed of transfer, the buyer will also assume all of Juve Stabia’s outstanding debts, obligations, and other liabilities, effectively transferring both ownership and the club’s financial burdens away from the company.
Brera Holdings PLC director-linked entity exercised pre-funded warrants into additional shares. An entity chain headed by RBCH Ltd exercised pre-funded warrants for 1,878,988 Class B Ordinary Shares at an exercise price of $0.05 per share. Following the warrant exercise, 8,378,988 Class B Ordinary Shares are reported as indirectly owned. Director Viktor Fischer is the ultimate individual in the ownership chain but disclaims beneficial ownership of these securities except to the extent of his pecuniary interest.