Brera Holdings PLC (NASDAQ: SLMT), operating as Solmate Infrastructure, has announced a proposal for a comprehensive corporate restructuring, including a name change to Solmate Infrastructure PLC and a strategic pivot to enhance its position as an institutional-grade Solana infrastructure provider, primarily focusing its operations in Abu Dhabi.
The company’s Board of Directors has approved this proposal, which aims to formally align Solmate’s legal structure with its core blockchain mission, concentrate capital on digital infrastructure, and position the entity for increased institutional accessibility. The proposed changes are subject to shareholder approval.
Key elements of the proposal include changing the legal entity name from Brera Holdings PLC to Solmate Infrastructure PLC, officially updating constitutional documents to reflect its digital asset infrastructure and treasury strategy focus, and implementing capital structure revisions. The capital revisions include 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 for strategic financing.
Additionally, Solmate plans to streamline its legacy sports portfolio by winding down the operations of its underperforming soccer teams, Brera Tchumene and Brera IIch. The company intends to retain its flagship Italian football operation, Juve Stabia, and redirect capital liberated from the divested teams to accelerate its UAE-based Solana infrastructure expansion efforts.
Marco Santori, Solmate CEO, stated, “This transformation is the culmination of Brera’s strategic shift toward infrastructure opportunities we see in Abu Dhabi. 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.”
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. This consolidation would convert every 10 Class A Ordinary Shares and every 10 Class B Ordinary Shares of nominal value $0.05 each into 1 Class A Ordinary Share and 1 Class B Ordinary Share, respectively, of nominal value $0.50 each. The board of directors retains the discretion to abandon the proposed amendments and not effect the reverse share split.
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, will act as the exchange agent. Shareholders holding shares in book-entry form are not required to take action, while those holding shares through a broker, bank, or other record holder should contact their respective holder of record with any questions.
Solmate Infrastructure, currently operating as Brera Holdings PLC (NASDAQ: SLMT), works with local strategic partners to build institutional-grade Solana staking, validation, and treasury infrastructure, with a primary focus on Abu Dhabi. The company is backed by investors including ARK Invest, RockawayX, Pulsar Group, and prominent UAE investors, deploying capital and hardware to advance Solana adoption across the Middle East and globally, while continuing its multi-club football business in Italy.
